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Stocks Biggest Loser?
In February of 1994 VXRC was $14,125 per share. Today it is .99 cents per share. My question is, which stock has dropped the most dollars over the past 25 years that is currently available today?
1 Answer
- ThorLv 71 decade agoFavorite Answer
Sorry, dunno.
I wondered if this was a new reality show. There would be too many contenders in this Bear Market it would be hard to pick contestants.
(wink).
I wonder why you want to know this? There are too any variables for the answer to mean much of anything. They can split or reverse split a stock to change the price.
You might be better off asking what companies lost the most market cap. That makes a little more sense.
For instance the stock you mention likely was never at $14,125 a share.
What you are looking at is a "split adjusted" price. The price at the time likely was $14.125 or $14 and one eighth (that 1/8 is how you get the "125". But over the time they split the shares 1,000 fold and sold more shares to pay for hunting for oil they didn't find making the shares almost worthless.
To get the actual price in "dollars" at the time you have figure all the splits going back.
Good Luck