Hindsight Market

The Graveyard › 1999

Capstar Broadcasting Corp

CRB · Telecom & Media · NYSE · in our data May 27, 1998 to July 13, 1999 (1.1 years)

The first trading day in our data for Capstar Broadcasting Corp is May 27, 1998 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on June 10, 1999, the market valued it at $948 million. It left the market when it was bought or merged, last trading at $26.94, -3.1% from its split-adjusted high. Holders got whatever the deal paid, which is not in our price data.

1998-051999-07
Peak market value$948 millionJune 10, 1999
Highest split-adjusted share price$27.81June 10, 1999
Last share price$26.94July 13, 1999
From its split-adjusted high to the end-3.1%
Return over the days in our data+41.8%with dividends, before the last trade
Worst single day-14.3%October 5, 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 1998.

Could you have seen it coming? Play Dot-com

Also gone in 1999: Telecom & Media