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BP has more roughly 3 times as many shares outstanding, so it's probably somewhat harder to move the price much. Also, it wasn't clear at that point how bad it
by jonhendry 16y ago
BP has more roughly 3 times as many shares outstanding, so it's probably somewhat harder to move the price much.
Also, it wasn't clear at that point how bad it was. It was "just" an exploded platform.
- BvS 16y agothe numbers of shares is not important. Apples Market Cap is about twice the size of BP but even this is not important if you look at a relative change (%), not an absolute ($).
- hugh3 16y agoThe second point is the important one... news that there was a really big problem was slow to come out. Eventually BP lost 50% of its value, but it took many weeks.