Biggest One Day Drops of S&P 500 Members
JP Morgan's $2 per share take over of Bear Stearns is a 93% discount from Bear's closing price of $30 on Friday and 99% of its 52 week high. On the open, Bear is down 87%. Prior to today, the biggest one day loss of current S&P members was 75% for Sealed Air Corp in 1989.
Here are the biggest 1 day percentage drops of the S&P 500 constituents.
Biggest 1 Day Drops of S&P 500 Constituents
|Company||Symbol||Close on 3/14||Date of Biggest Drop||Percent||Points|
|MEMC Electronic Mats||WFR||81.05||8/10/2001||-53.8||-2.1|