BP's (BP) stock drops below 300 pence for the first time for 13 years. "Many investors are...

|About: BP p.l.c. (BP)|By:, SA News Editor

BP's (BP) stock drops below 300 pence for the first time for 13 years. "Many investors are capitulating as BP has gone from a solid dividend-paying cash cow to a high-risk punt," one analyst says. Shares have collapsed more than 50% since April 22. BP -3.5% premarket to $27.73.