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system
what accounted for dxjr's huge drop in stock price?
user
imagine you have a bank account with $100 in it. you are thinking about selling this bank account, so ask for some bids on what it's worth. you get quotes of around $100. you decide to sell it, but before you do, you take $50 out of it to have in cash. would you expect the market to still pay $100 for the account? the dividend is effectively the cash being withdrawn. the stock had on account a large amount of cash (which was factored into it's share price), it moved that cash out of it's account (to its shareholders), and as a result the stock instantly becomes priced lower as this cash is no longer part of it, just as it is in the bank account example.
assistant