Yahoo shares hit $8 range

Yahoo fell into a new dollar range on Thursday, pushed into the high $8 a share bracket as the broader markets took a beating.

Yahoo closed at $8.95 a share, down 2 percent, as the Dow Jones Industrial Average cratered 444.99 points to close at 7,552.29.

For Yahoo, its shares have not traded at this point since February 2003, while the S&P 500, which fell 6.71 percent to 752.44, has not seen these levels since 2002.

The markets reacted late in the session as signs pointed to a delay in moving a massive bailout for the automotive industry forward.

Last week, Yahoo's shares moved in the $9 a share range and the day before that the $10 a share range.

[Orion Blastar]

If I had the money I'd buy Yahoo stock low and hope that some other company buys it out and gives me more than $8 a share. :)

[Mr. Dee]

I heard that the new Yahoo! CEO's name is Grim Reaper.

[karpenterskids]

Oooo...if I had extra money lying around, I'd definitely invest in Yahoo right now.

It's bound to go up eventually.

[fdunn3]

I'm sure you'll have many holders willing to sell.

Yahoo has painted itself into an ever smaller corner, and getting smaller by the day.