Hindsight Market

The Graveyard › 2008

Acme Communications Inc

ACME · Other · NASDAQ · in our data September 30, 1999 to October 31, 2008 (9.1 years)

The first trading day in our data for Acme Communications Inc is September 30, 1999 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on November 2, 1999, the market valued it at $622 million. It ended in a collapse: the last trade was $0.50, -98.5% from its split-adjusted high. The delisting record says: likely failure.

1999-092008-10
Peak market value$622 millionNovember 2, 1999
Highest split-adjusted share price$34.12November 2, 1999
Last share price$0.50October 31, 2008
From its split-adjusted high to the end-98.5%
Return over the days in our data-98.3%with dividends, before the last trade
Worst single day-33.0%September 29, 2008

Share prices are adjusted for splits and other share changes, so the high and the last price compare like for like; the peak market value is as it was on the day. The return covers the trading days in our data only: it does not include what holders received, or lost, after the last trade (a merger payout, a bankruptcy), and it does not reach back before 1999.

Could you have seen it coming? Play The Crash of '08

Also gone in 2008: Other