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7 January, 15:52

AUPH stock jumped up 60%, then down 60% did it return the same price

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  1. 7 January, 16:24
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    No, it didn't return to the same price

    Step-by-step explanation:

    Let the initial stock price be 100

    When it increased by 60%, it went to:

    60% = 60/100 = 0.6

    0.6 * 100 = 60

    100 + 60 = 160

    Then, from 160, it decreased by 60%, so it went to:

    60% = 0.6

    So,

    0.6 * 160 = 96

    Now,

    160 - 96 = 64

    So final price is 64. So, it didn't go back to original (100).
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