Shares in Purplebricks took a battering yesterday.
Starting the day at 382p, that was as good as it got.
At one stage in the mid afternoon, they went down to just under 354p before recovering somewhat to finish the day at 360.5p – a long way down from their high of 513p in late July, although still a more than handsome return for those early investors who got in at £1 less than two years ago.
Purplebricks has seen its shares go south all week after a 400p price tag on Monday.
It launched in America exactly a week ago and has since hit controversy, with Trustpilot reviews from UK reviewers going to its US site, where they were removed.
There has also been a high-profile contretemps with British review site allAgents, which first removed the Purplebricks account and then yesterday took down its explanation as to why it did so.
Allagents claims it has acted in response to the threat of legal action. Purplebricks has claimed that a large number of reviews on allAgents were fakes.
Countrywide also had another disappointing day on the stock market yesterday, with its share price sinking to just under 123p. During trading, they hit a new low of 121.75p.
Foxtons shares also fell to a new low of 71.75p.