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    #1

    a run on the stock

    Hello,

    I got the following quote off wikipedia, could anyone please explain to me what it means and what is "because of a run on the stock Steve Jobs had caused"?

    "During Amelio's tenure Apple's stock continued to slump and hit a 12 year low and Q2 1997 because of a run on the stock Steve Jobs had caused."

    Thank you

  1. bhaisahab's Avatar
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    #2

    Re: a run on the stock

    Quote Originally Posted by idiotmike View Post
    Hello,

    I got the following quote off wikipedia, could anyone please explain to me what it means and what is "because of a run on the stock Steve Jobs had caused"?

    "During Amelio's tenure Apple's stock continued to slump and hit a 12 year low and Q2 1997 because of a run on the stock Steve Jobs had caused."

    Thank you
    It says that because of something Steve Jobs said or the did value of the shares (stocks) in the Apple company declined rapidly to their lowest value in 12 years. The low point was reached after Amelio took over control of the company.

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