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Pb03 Posted 19 years ago
Vocabulary

have sunk as low as $2

Hi everyone,

I'm wondering what the exact meaning of the sentence below is.

Does the phrase "as low as $2" mean that the share price became 2 dollars or that the share price became 2 dollars lower than the price earlier, for example from 5 dollars to 3 dollars?

I have no clue about the stocks so... would you please explain it a little bit for me?

Thanks a lot ~!

pb

ex) Shares in the company have sunk as low as $2.
  

Top answer

Hello Pb, It means that at some time, the price per share was $2. The phrase implies that this is noteworthy or surprising. Best wishes, MrP

— MrPedantic

  • Hello Pb, It means that at some time, the price per share was $2.
  • The phrase implies that this is noteworthy or surprising.
  • Best wishes, MrP
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1 Answers
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Hello Pb,

It means that at some time, the price per share was $2. The phrase implies that this is noteworthy or surprising.

Best wishes,

MrP
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