What happened to the stock market in February 1982?
On February 22, 1982, the S&P 500 Price Index dropped to 111.59, down -20.59% from its prior high on 11/28/1980. The market had been dropping for 451 days (1.2 years). In 1979, President Jimmy Carter had appointed Paul Volcker as Chairman of the Federal Reserve.
Is the information on the Exxon Mobil stock quote page accurate?
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What is the all-time high ExxonMobil stock price?
The all-time high Exxon stock closing price was 104.38 on June 23, 2014. The Exxon 52-week high stock price is 69.18, which is 0.4% above the current share price.
What was the bear market of 1982?
As a result, the Bear Market of 1982 could be called Volker's Bear. For those who did not live through those days, they were some of the difficult days of the Cold War. Carter had rejected the policy of detente and pressed the Soviet Union regarding their internal human rights violations.
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What's the highest Exxon stock has been?
The all-time high Exxon stock closing price was 104.59 on June 08, 2022.
When did Exxon Mobil stock split?
The first split for XOM took place on July 26, 1976. This was a 2 for 1 split, meaning for each share of XOM owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. XOM's second split took place on June 12, 1981.
What year did Exxon and Mobil merge?
19991999. On November 30, 1999, Exxon and Mobil join to form Exxon Mobil Corporation.
Did XOM split?
Since 2001, however, ExxonMobil hasn't split its shares.
Is Exxon Mobil a good buy?
In fact, Exxon is one of the few stocks likely to deliver solid returns for the next decade or more. With a market value of $367 billion, the Irving, Tex. -based firm towers over every other energy producer, both globally and in the U.S. Analysts expect the company to haul in $222 billion in revenues this year.
How many shares of Exxon Mobil exist?
Exxon shares outstanding for the quarter ending March 31, 2022 were 4.266B, a 0.14% decline year-over-year. Exxon 2021 shares outstanding were 4.275B, a 0.09% increase from 2020.
Who is biggest oil company in the world?
#1 Saudi Arabian Oil Co. (Saudi Aramco) (Tadawul: 2222) Saudi Aramco is one of the largest companies in the world across all industries, as well as the largest global oil company by revenue.
Who owns Mobil Exxon?
Darren WoodsAs of March 2019, ExxonMobil's largest shareholders include The Vanguard Group (8.15%), BlackRock (6.61%), and State Street Corporation (4.83%). ExxonMobil is one of the largest of the world's Big Oil companies....ExxonMobil.TypePublicHeadquartersIrving, Texas , U.S.Area servedWorldwideKey peopleDarren Woods (chairman & CEO)17 more rows
Who makes the most money from oil?
The top five oil companies alone—Shell, ExxonMobil, BP, Chevron, and ConocoPhillips—brought in more than 200 percent more in profits than in the first quarter of 2021. That is a total of more than $35 billion in profits in just three months.
Will Amazon do a stock split?
The Amazon split is effective with the close of trading on June 3, which means the company's closing price on that day will be divided by 20 to accommodate for the increase in the number of shares. The stock will begin trading on the split-adjusted basis on June 6.
When did Chevron stock split?
Chevron (CVX) has 1 split in our Chevron stock split history database. The split for CVX took place on September 13, 2004.
What was Tesla stock split?
3-for-1The company announced Friday that its board approved a 3-for-1 stock split, its first split since August 2020. The split would need to be approved by shareholders at the company's annual meeting in August. Tesla (TSLA) closed Friday at a little over $696 per share.
What is Exxon Mobil?
Exxon Mobil is a major manufacturer and marketer of basic petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a wide variety of specialty products. Exxon Mobil is engaged in exploration for, and mining and sale of coal, copper and other minerals.
Is ExxonMobil a refiner?
ExxonMobil holds an industry leading inventory of resources, is one of the largest refiners and marketers of petroleum products and its chemical company is one of the largest in the world. Stock Name. Country. Market Cap.
How much did Hartke stock drop in 1983?
For 1983 he expected sales to quadruple, to $100 million, and earnings to double, to $2 a share. Although there has been some profit-taking lately, dropping the stock more than $10 from its high of $49.50, Mr. Hartke is still recommending purchase. ''My original target of $100 still holds,'' he said. Advertisement.
How much did Coleco make in 1981?
Coleco's giant jump in sales last year to some $500 million from $176 million in 1981 came largely from mushrooming sales of home tabletop models of arcade games. Mrs. Isgur remained bullish on Coleco because of its plans to introduce a personal computer module that is compatible with Colecovision hardware in mid-1983.
How much did Winnebago lose in 1980?
From a loss of 55 cents a share in its 1980 fiscal year ended Aug. 30, Winnebago's operating earnings rebounded to 19 cents the following year and 31 cents in the year ended last August.
When did Coleco become a big 3?
Describing itself as ''a major manufacturer of recreational and entertainment products for the entire family,'' Coleco became one of the big three in video games in 1982. But when Warner's Atari division announced some bad news last month, the downdraft that hit the shares of Warner and Mattel struck Coleco equally hard.
When did Digital Switch go public?
It went public as a startup company in 1980 but then dropped in price until the present management team took over in early 1981.
Who is the founder of the Hanson Motor Home?
To put it back on the road to recovery, its founder, John Hanson, came out of retirement, wielded a sharp ax at excessive costs and spurred the company to introduce new, sleeker, more fuel-efficient generations of motor homes.
When did the Volker's bear market peak?
Volker's Bear: The Bear Market of 1982. The market peaked on November 28, 1980 just 24 days after the 1980 Presidential election in which challenger Ronald Regan defeated incumbent Jimmy Carter. Inflation was at 13.58%.
How long was the Volker's bear market?
The entire cycle lasted 705 days (1.9 years), 622 days from prior peak to the bottom and 83 days back to the prior peak. Bear markets are often a precipitous decline followed by a slower and steadier recovery. Volker's Bear is rare in that a slow and steady decline was followed by a sharp precipitous recovery.
How many bear markets have there been since 1950?
Since 1950, there have been exactly nine Bear Markets in the S&P 500 Price Index (the most common representation of “the market”). Only one of these turned into a stock market crash. The other eight stopped dropping before the loss from peak to bottom was greater than 50%. Although you might think that only eight Bear Markets over 65 years makes ...
What was the effect of raising the federal funds rate in the 1980s?
This helped cause the 1980-1982 recession and a national unemployment rate of over 10%. As a result, the Bear Market of 1982 could be called Volker's Bear.
When did the S&P 500 bottom?
The S&P 500 bottomed 171 days later on August 12, 1982 at 102.42, down -27.11%. By the time the stock market had bottomed, inflation had been reduced 8.54% and was only 5.04%. After bottoming, the market fully recovered its prior peak just 83 days (2.8 months) later on November 3, 1982.
Who was the President of the Federal Reserve in 1979?
In 1979, President Jimmy Carter had appointed Paul Volcker as Chairman of the Federal Reserve. With inflation running double digits the Federal Reserve under Volker raised the federal funds rate from 11.2% to 20% by June of 1981.The intent was to break the inflationary spiral within the United States.
