GM Stock Lowest Since 1933

On Friday, General Motors stock reached a low of $1.27. According to University of Chicago research, GM stock hasn’t been that low since 1933. By the end of the trading day, GM had recovered slightly to finish the week at $1.45.
The bounce back could very well be temporary because of fear that GM could file for bankruptcy in the coming months. Despite receiving nearly $15 billion for the United States federal government, the Detroit based company continues to lose money at an alarming rate. In 2008, GM reportedly lost more than $30 billion.
Although the company says that there is no …read more