JUNE 24, 2003
CART share price continues to shrink
The price of shares in the Championship Auto Racing Teams, Inc. organization has been sinking in recent days following the revelations last week that CART is looking for a buyer. The shares had been trading steadily at the $3 mark for several months but since the announcement have slipped to $2.40, dipping as low as $2.33 during yesterday's trading on the New York Stock Exchange. The shares were trading at $15 last year.