Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
It's a 3.5% drop, not a 3,500,000,000% drop. The "multiplier" may be billion since we're talking a huge company but it's just a 3.5% drop. That's how percentages work. The "multiplier" is in the numerator and denominator. Billion divided by billion is just 1. A 3.5% drop in stock price is not really anything to get worked up about. For a stock worth 12 Billion a 6 Billion drop, 50%, is notable. Again, going back to AB from 2016 to present you're looking at the 50% drop which is absolutely notable. The stuck has not performed well over a 10-year time horizon.
I no longer follow much in the way of any individual stocks anymore. But as the markets are currently down, and these sorts of escapades tend to exaggerate stock values in the short term, this stock could well be a good longer term buy right now. Assuming inflation and rates come down in the medium term.
For instance I eventually made some good money buying Motorola with the brain cancer scare back in the '90's.
You have a weird definition of business failure. ABs stock price is up, not down, for the month.
Although I do agree with mathguy that stock price is actually not a great indicator of how well a company is doing nor a necessarily accurate indicator of a company's basic soundness.
That’s flat out false. It’s up from its low (63.38) on 4/12 to its 64.63 as of 4/14, but still below its high of 66.73 close on 3/31.
Year to date the stock is positive overall, but not for anybody who bought AB two weeks ago … they took a shot in their shorts.
How ever people want to pig lipstick on this pig, I don't know of any CEO or shareholders that want to hear about a 6 billion loss in a week or whatever it's been.
You can play sematic games all day, at the end of the day it's all about the money and when there is less of it, people get very unhappy.
There is this element among us that all they do is run around painting pigs lips, for some bizarre reason, no matter what the topic.
They’ll explain the virtues and value to society in having children sit on the laps of drag queens for story time, so if lipstick can be applied to that pig, no lips will escape the paint.
LOL..this guy is making bank. He's gotten the guys upset over Bud Light and now the women over Tampax.
This guy has become an overnight success by becoming a woman over the course of 1 year via social media.
He should go for it...everyone has their 5 minutes of fleeting fame.
This company or any company, for that matter, will hurt their bottom line if they continue to get involved in social matters. Manufacture your product, sell your product and stay out of the whacked out politics of today.
How ever people want to pig lipstick on this pig, I don't know of any CEO or shareholders that want to hear about a 6 billion loss in a week or whatever it's been.
You can play sematic games all day, at the end of the day it's all about the money and when there is less of it, people get very unhappy.
Did you hear about the $6B "loss" back in early March? Over the course of about a week, stock prices dropped about $3/share back then, too.
Oh, you didn't hear about that "loss"? Now, that's odd, isn't it?
It's a logical fallacy. Thanks for pointing that out.
It isn't a fallacy that we went from “just let us live our lives” to “sterilizing children is health care”
We can pretty certain whats next at this point
Did you hear about the $6B "loss" back in early March? Over the course of about a week, stock prices dropped about $3/share back then, too.
Oh, you didn't hear about that "loss"? Now, that's odd, isn't it?
lol..$3 a share is nothing. But $5 billion in market value to the company..yes it matters.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
