Hindsight Market

The Graveyard › 1988

Allied Bancshares Inc-tx

ALBN · Unknown · NASDAQ · in our data August 27, 1973 to January 29, 1988 (14.4 years)

The first trading day in our data for Allied Bancshares Inc-tx is August 27, 1973 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on February 8, 1985, the market valued it at $1.1 billion. By the end it had fallen hard: the last trade was $4.06, -83.4% from its split-adjusted high. Our data does not say why it stopped trading.

1973-081988-01
Peak market value$1.1 billionFebruary 8, 1985
Highest split-adjusted share price$24.53February 8, 1985
Last share price$4.06January 29, 1988
From its split-adjusted high to the end-83.4%
Return over the days in our data+24.3%with dividends, before the last trade
Worst single day-39.4%December 7, 1987

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 1973.

Could you have seen it coming? Play Black Monday

Also gone in 1988: Unknown