Google shares hit new 52-week low

Updated at 9:44 a.m. PDT, with Google's stock price recovering.

Google's share price hit a new 52-week low Wednesday and continued its downward trek in early-morning trading Thursday.

The search giant's stock fell as low as $409.68 a share on Wednesday, breaking past its previous 52-week low of $412.11 in mid-March.

Google's shares have been sustaining a beating since mid-August, falling even further Thursday in early-morning trading to as low as $406.38 a share.

That price pushes its shares back to a level where the stock was trading in October 2006.

But by late morning trading, the stock rebounded and was up roughly 1.5 percent to $420.66 a share.