Posted by & filed under Growth & Valuation, Market Analysis, Personal Finance.

Description: The best-performing stock in the world just lost nearly all its value in the blink of an eye. ArtGo Holdings, a Chinese marble miner, saw its stock crash 98% in Hong Kong trading overnight after MSCI decided not to add it to its foray of indexes. That plunge wiped out more than $5 billion in market cap for the company.

Source: CNBC.com

Date: Nov 21, 2019

Link: https://www.cnbc.com/2019/11/21/obscure-marble-bubble-stock-which-became-the-best-performer-on-the-globe-just-crashed-98percent.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail

Questions for discussion:

  • Why do you think the stock rose so quickly and so high?
  • Why did is collapse so quickly and by so much?

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