Google shares hit new 52-week low

By Dawn Kawamoto, CNET News.com
Friday, September 12, 2008 07:34 AM

Google's share price hit a new 52-week low Wednesday and continued its downward trek in early-morning trading Thursday.

The search giant's stock fell as low as US$409.68 a share on Wednesday, breaking past its previous 52-week low of US$412.11 in mid-March.

Google's shares have been sustaining a beating since mid-August, falling even further Thursday in early-morning trading to as low as US$406.38 a share.

That price pushes its shares back to a level where the stock was trading in October 2006.

But by late morning trading, the stock rebounded and was up roughly 1.5 percent to US$420.66 a share.

This article was first published as a blog on CNET News.com.


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