Hindsight Market

The Graveyard › 1999

Armco Inc

AS. · Steel & Metals · NYSE · in our data January 2, 1968 to September 30, 1999 (31.7 years)

Our price history begins on January 2, 1968, and Armco Inc was already trading then; how long before that, our data does not say. At its peak, on March 31, 1981, the market valued it at $2.3 billion. By the end it had fallen hard: the last trade was $7.00, -78.5% from its split-adjusted high. Our data does not say why it stopped trading.

1968-011999-09
Peak market value$2.3 billionMarch 31, 1981
Highest split-adjusted share price$32.57March 31, 1981
Last share price$7.00September 30, 1999
From its split-adjusted high to the end-78.5%
Return over the days in our data+23.5%with dividends, before the last trade
Worst single day-36.8%September 3, 1998

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 1968.

Could you have seen it coming? Play Dot-com

Also gone in 1999: Steel & Metals