Hindsight Market

The Graveyard › 1997

Citizens Commun -ser B

CZN · Utilities · NYSE · in our data December 14, 1972 to August 22, 1997 (24.7 years)

Our price history begins on December 14, 1972, and Citizens Commun -ser B was already trading then; how long before that, our data does not say. At its peak, on December 15, 1993, the market valued it at $2.6 billion. It left the market without a crash, last trading at $8.31. Our data does not say why it stopped trading. Many companies end this way when they are bought, merged or taken private.

1972-121997-08
Peak market value$2.6 billionDecember 15, 1993
Highest split-adjusted share price$15.87December 15, 1993
Last share price$8.31August 22, 1997
From its split-adjusted high to the end-47.6%
Return over the days in our data+1090.0%with dividends, before the last trade
Worst single day-12.9%August 13, 1973

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 1997: Utilities