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.
Date: Nov 21, 2019
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?