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Why Apartment Investment and Management Stock Plummeted 86% in December

Why Apartment Investment and Management Stock Plummeted 86% in December

Shares of Apartment Investment and Management Co. (NYSE: AIV) sank 86% in December, according to data from YCharts. Apartment Investment and Management Co (Aimco) announced in September that it would be splitting into two separately run, publicly traded companies. The split resulted in Aimco being dropped from the S&P 500 index; Tesla was added as its replacement soon after.