Crashy
January 12, 2007, Bear Stearns stock hit $171.66 a share, making the company worth over $20 Billion.
March 13, 2008, Bear Stearns closed at $57.00, making the company worth $6.7 Billion.
March 14, 2008, Bear Stearns closed at $30, making the company worth $3.5 Billion.
March 16, 2008, Bear Stearns was purchased by J.P. Morgan Chase for $2 a share. Total price is $236 Million.
In just a few days, $6.5 billion just vanished into thin air.
March 13, 2008, Bear Stearns closed at $57.00, making the company worth $6.7 Billion.
March 14, 2008, Bear Stearns closed at $30, making the company worth $3.5 Billion.
March 16, 2008, Bear Stearns was purchased by J.P. Morgan Chase for $2 a share. Total price is $236 Million.
In just a few days, $6.5 billion just vanished into thin air.
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surprised
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