Top 3 biggest market capitalization losses in a single day

1. Intel Corp lost $91 billion one day in September 2000.

2. Exxon Mobil Corp lost $53 billion one October day in 2008.

3. Apple had a loss of $60 billion on January 24, 2013.

Whereas on Wednesday, Facebook ended the after-hours session down 20 percent at $173.50, a loss of $126 billion.

Intel - September 22nd, 2000, lost 22%.

ExxonMobil, I'm assuming they meant the drop on Oct. 15th, when the stock dropped 13.95%. However, the entire month of October in 2008 was a wild ride of volatility for ExxonMobil. There were six days that month where the closing price changed more than 10% from the previous close - four which were positive, two that were negative. Talk about gut wrenching volatility!

And Apple only fell 12.35% on January 24th.

So, based on those three numbers, the drop in Facebook (assuming after hours trading holds) is on par with Intel, but the other numbers are far less impressive on a relative basis. We've seen Illinois Tool Works, Whirlpool and Polaris take similar dives over the last two weeks, but no one's writing about those.

Submitted July 28, 2018 at 01:51PM by gorillaz0e https://ift.tt/2vcGMNe