Cristiano Ronaldo of Juventus evades challenge from Frenkie de Jong of Ajax during the UEFA Champions League Quarter Final second leg match between Juventus and Ajax at Allianz Stadium on April 16, 2019 in Turin, Italy.

Shares in Italian soccer team Juventus plunged as much as a quarter in value on Wednesday after it was knocked out of Europe's Champions League competition by Ajax Amsterdam.

The Turin-based club lost 2-1 at home in its second quarter-final tie against the Dutch club on Tuesday night, resulting in a 3-2 aggregate defeat.

At 8:30 am in Milan, Juventus shares were down 17.3 percent at 1.3960 euros, after trading as low as 1.275 euros, which prompted a temporary suspension.

By contrast, Ajax shares jumped 8.5 percent to an all-time high of 18.60 euros, as the four-time former champion reached the semi-finals of the Champions League for the first time 1997, where it will play either Manchester City or Tottenham Hotspur.

For making the last four this season Ajax receives an additional $13.5 million in prize-money, with an additional $21.4 million on offer to make the final and win it.