Hindsight Market

The Graveyard › 1999

Capital Re Corp

KRE · Insurance · NYSE · in our data April 9, 1992 to December 30, 1999 (7.7 years)

The first trading day in our data for Capital Re Corp is April 9, 1992 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on May 4, 1998, the market valued it at $1.2 billion. By the end it had fallen hard: the last trade was $13.75, -64.0% from its split-adjusted high. Our data does not say why it stopped trading.

1992-041999-12
Peak market value$1.2 billionMay 4, 1998
Highest split-adjusted share price$38.20May 4, 1998
Last share price$13.75December 30, 1999
From its split-adjusted high to the end-64.0%
Return over the days in our data+42.3%with dividends, before the last trade
Worst single day-16.2%October 27, 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 1992.

Could you have seen it coming? Play Dot-com

Also gone in 1999: Insurance