There is a ton of buzz out there today about the collapse of Bear Stearns.
Some may be asking, “What is a Bear Stearns?”
The Bear Stearns Companies Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., a leading global investment banking, securities trading and brokerage firm.
Bear Stearns “is an investment banking, securities and derivatives trading, clearance and brokerage firm serving corporations, governments, institutional and individual investors globally. The segments of the Company are capital markets, global clearing services and wealth management.”
I’m a visual learning sort of guy. Here in all its gore is a Bear Stearns stock chart from the last 12 months:
It’s sort of hard to see that plunge at the end, so here is a 5 day chart:
High last Tuesday = $68.08/share.
Today’s price? Opened at $3.17/share and is currently at $4.12.
52 week high? $159.36….
[tags]Bear Stearns, BSC, Avoid high buildings[/tags]