Hindsight Market

The Graveyard › 1996

Citicasters Inc

CITI · Telecom & Media · NASDAQ · in our data February 3, 1994 to September 18, 1996 (2.6 years)

The first trading day in our data for Citicasters Inc is February 3, 1994 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on August 28, 1996, the market valued it at $650 million. It left the market when it was bought or merged, last trading at $32.38, -0.4% from its split-adjusted high. Holders got whatever the deal paid, which is not in our price data.

1994-021996-09
Peak market value$650 millionAugust 28, 1996
Highest split-adjusted share price$32.50August 28, 1996
Last share price$32.38September 18, 1996
From its split-adjusted high to the end-0.4%
Return over the days in our data+302.5%with dividends, before the last trade
Worst single day-5.9%June 6, 1995

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 1994.

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Also gone in 1996: Telecom & Media