GM stock falls to new low on Europe woes | The Detroit News | detroitnews.com

Washington – General Motors Co. stock fell 1.2 percent Wednesday, closing at $18.80, down $0.22, on worries about Europe — the first time the Detroit automakers stock has closed below $19 a share since its initial public offering.The Detroit automaker has seen its share price tumble by more than 52 percent since it reached a high closing price in January 2011 of $38.90, just after going public in November 2010. The company has shed more than $30 billion in market capitalization over the last 18 months, and now is worth about $29 billion.

via GM stock falls to new low on Europe woes | The Detroit News | detroitnews.com.

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