Hindsight Market

The Graveyard › 2000

Concentric Network Corp

CNCX · Software & Services · NASDAQ · in our data August 1, 1997 to June 16, 2000 (2.9 years)

The first trading day in our data for Concentric Network Corp is August 1, 1997 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on March 27, 2000, the market valued it at $3.0 billion. It left the market without a crash, last trading at $48.00. The delisting record says: delisted or deregistered. Many companies end this way when they are bought, merged or taken private.

1997-082000-06
Peak market value$3.0 billionMarch 27, 2000
Highest split-adjusted share price$60.00March 24, 2000
Last share price$48.00June 16, 2000
From its split-adjusted high to the end-20.0%
Return over the days in our data+567.8%with dividends, before the last trade
Worst single day-17.9%May 24, 1999

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 1997.

Could you have seen it coming? Play Dot-com

Also gone in 2000: Software & Services