It looks like General Motors isn’t happy with their current stock price. GM’s stock closed at $9.45 on September 30 which is 78% lower than their $43.20 high price. Despite obvious financial difficulties for GM, its employees have purchased all the available employee stock. The employee stock is limited by the company’s 401(k) programs.
For now all stock purchases through the company are stopped for any employees. GM has to register more stock with the SEC in order to obtain more shares for its 401(k) program. That’s going to happen on November 9. Until then, you’ll have to purchase stock like everyone else who isn’t working for GM does.
via freep
1 user responded in this post
[...] E2009W Widescreen Flat Panel MonitorStar Wars KOTOR MMO Unveiling Later this Month?General Motors Employee Stock Purchases Temporary Shut DownSmaller Cameras Full With Features - Olympus Takes a Look at 2009 Related PostsThe Daily Wrap - [...]
Leave A Reply
Please Note: Comment moderation maybe active so there is no need to resubmit your comments