poster_boy - 5:05 pm on Sep 29, 2008 (gmt 0) [edited by: engine at 5:16 pm (utc) on Sep. 29, 2008]
SAN FRANCISCO (MarketWatch) -- Google Inc. saw its once high-flying share price fall under the $400 mark by midday Monday. This represents the lowest price for the stock since September of 2006, when the shares were still on a sharp upward climb following the company's initial public offering two years before. The Web search giant's stock peaked near the $750 mark in November of last year before a sharp sell-off in high tech stocks began to pressure the shares. By midday Monday, Google traded as low as $395.34, down 8% from its previous close, following a sharp sell-off in tech stocks as well as the broader market.
Google Shares Drop Under $400 [marketwatch.com]
[edit reason] added quote [/edit]
[edited by: engine at 5:16 pm (utc) on Sep. 29, 2008]