Bear Stearns Collapse: $159/share to $2 in 365 Days

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There is a ton of buzz out there today about the collapse of Bear Stearns.

Some may be asking, “What is a Bear Stearns?”

From their web page:

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.

From MSN Money:

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.”

What happened? This article explores it well. (Hat tip to Shailesh)

I’m a visual learning sort of guy. Here in all its gore is a Bear Stearns stock chart from the last 12 months:

BSC 1 year 

It’s sort of hard to see that plunge at the end, so here is a 5 day chart:

BSC 5 day

Yak.

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….

Wow.

27,056 news articles from a news search for “Bear Stearns”.

Techonrati Blog Search for Bear Stearns (31,560 results. 100 in last 39 minutes..).

Google Blog Search for “Bear Stearns” (661,908 results)

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[tags]Bear Stearns, BSC, Avoid high buildings[/tags] 

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About the Author
Jay Thompson

I'm a real estate broker in Phoenix, Arizona and the publisher of the Phoenix Real Estate Guy blog. I tend to drive too fast and scream at the University of Texas and Denver Broncos football teams. My two kids are smarter than most adults I know and my wife is simply amazing.

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