Bear Stearns shares take record dive
Bear Stearns' stock dropped 11.3%, or $7.94, to $62.14 in composite trading on the New York Stock Exchange.
The Bear Stearns Cos. Inc. saw its worst one-day trading drop in 10 years today amidst speculation that the New York-based company lacks sufficient access to capital, according to published reports.
Bear Stearns’ stock dropped 11.3%, or $7.94, to $62.14 in composite trading on the New York Stock Exchange.
That’s the lowest levels the firm has seen since March of 2003, published reports said.
The Wall Street firm is coming off its first negative quarter when the company reported a $854 million fourth-quarter loss.
Learn more about reprints and licensing for this article.
