Quindell share price: Two charts that perfectly sum up Quindell’s disastrous year
A disastrous year for insurance services provider Quindell culminated in the resignation of chairman Robert Terry on Tuesday, saying he was “disappointed and sorry that events turned out as they did”. But what are the events that led to his standing aside?
Quindell has been through a whirlwind of trials and accusations this year. On 23 April, US-based analyst Gotham City Research published a 74-page report on Quindell, claiming the company’s results were “miraculous”. Shares plummeted 52 per cent.
Quindell won a libel case against the shady company, but the touch paper was lit.
The chart below shows how the story unfolded, usually in a series of share price tumbles. To read the detail on mobile or tablet, pinch and zoom. The charts represent the closing price for a given date.
