What was the stock price of WorldCom before the scandal?
What was the stock price of WorldCom before the scandal? Its stock, which peaked at $64.50 three years ago, stopped trading last Tuesday at 83¢, having all but wiped out employee retirement accounts. The plunge in WorldCom shares has cost investors upwards of $175 bil- lion—nearly three times what was lost in the implosion of Enron. What happened to WorldCom stock? Millions of shares of WorldCom's stock, which is trading over the counter for pennies, are being bought and sold. On July 3, 57 million shares changed hands. On July 7, 65 million shares were traded. The stock will become...