Hindsight Market

The Graveyard › 2009

Advanta Corp

ADVNA · Lending · NASDAQ · in our data October 22, 1985 to November 17, 2009 (24.1 years)

The first trading day in our data for Advanta Corp is October 22, 1985 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on May 20, 1996, the market valued it at $1.0 billion. It ended in a collapse: the last trade was $0.07, -99.7% from its split-adjusted high. The delisting record says: likely failure.

1985-102009-11
Peak market value$1.0 billionMay 20, 1996
Highest split-adjusted share price$24.60June 19, 2007
Last share price$0.07November 17, 2009
From its split-adjusted high to the end-99.7%
Return over the days in our data-93.0%with dividends, before the last trade
Worst single day-78.0%November 9, 2009

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 1985.

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

Also gone in 2009: Lending