Captain Packrat (captpackrat) wrote,
Captain Packrat
captpackrat

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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.
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