GM Stock Hits New Lows, Company in Turmoil | Conservative Byte

GM Stock Hits New Lows, Company in Turmoil | Conservative Byte: "In June 2009, GM filed for Obama-managed bankruptcy, costing the taxpayer some $50 billion. The vast majority of that cash was never paid back by GM. In November 2010, GM issued a new initial public offering at a price of $33 per share. Today, GM stock is trading at approximately $19.36, down about 40% from its initial price."

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