Did general motors stock become worthless when the company went bankrupt?
If you’re asking about the old GM shares, there is no value to the stock when they went bankrupt. They just had an IPO and the shares closed at $34.26 after trading began on Friday.
Answered
-
About General Motors Bankrupt
One of America's largest car producers, General Motors, filed for Chapter 11 bankruptcy protection on June 1, 2009 and promptly began reorganizing the company as a whole in hopes to protect it from further debt.
More about General Motors Bankrupt »
Related Questions about General Motors Bankrupt
-
Why did General Motors go bankrupt?
There are a variety of reasons why General Motors went bankru...
-
Is General Motors going bankrupt?
GM has made a plea for a financial bailout. They have to pres...
-
When did general motors get out of bankrupt?
General Motors pulled out of its bankruptcy status during the...
-
No, GM is not bankrupt at this time. ChaCha on!
-
Who owns General Motors after they went bankrupt?
The current shareholders still own GM. However as a part of t...
Comments