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GM, Ford, Fiat Chrysler shares plunge to 52-week lows; Tesla down 10%

March 9, 2020

Via: CNBC

Shares of the Detroit automakers plunged to 52-week lows Monday amid a wider market sell-off due to the sinking price of oil and fears about the economic fallout from the coronavirus.

General Motors led the drop, falling as much as 13% to less than $25 per share – the lowest price since 2012 and more than double the declines of the Dow Jones and S&P 500. Shares of GM are down 33% in the past year, including a roughly 31% fall this year.

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