Hindsight Market

The Graveyard › 1998

Blockbuster

BBI · Banks · NYSE · in our data December 14, 1972 to January 9, 1998 (25.1 years)

Our price history begins on December 14, 1972, and Blockbuster was already trading then; how long before that, our data does not say. At its peak, on September 24, 1997, the market valued it at $15.2 billion. It left the market without a crash, last trading at $69.62. The delisting record says: delisted or deregistered. Many companies end this way when they are bought, merged or taken private.

1972-121998-01
Peak market value$15.2 billionSeptember 24, 1997
Highest split-adjusted share price$75.93October 7, 1997
Last share price$69.62January 9, 1998
From its split-adjusted high to the end-8.3%
Return over the days in our data+2333.5%with dividends, before the last trade
Worst single day-15.3%December 20, 1974

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 1972.

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Also gone in 1998: Banks