Hindsight Market

The Graveyard › 2001

Ardent Communications Inc

ARDTQ · Telecom & Media · NASDAQ · in our data May 20, 1999 to July 18, 2001 (2.2 years)

The first trading day in our data for Ardent Communications Inc is May 20, 1999 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on February 9, 2000, the market valued it at $964 million. It ended in a collapse: the last trade was $0.51, -98.8% from its split-adjusted high. The delisting record says: likely failure.

1999-052001-07
Peak market value$964 millionFebruary 9, 2000
Highest split-adjusted share price$43.00February 9, 2000
Last share price$0.51July 18, 2001
From its split-adjusted high to the end-98.8%
Return over the days in our data-97.7%with dividends, before the last trade
Worst single day-36.8%April 16, 2001

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 Dot-com

Also gone in 2001: Telecom & Media