Hindsight Market

The Graveyard › 2000

Contifinancial Corp

3CFNIE · Lending · NYSE · in our data February 9, 1996 to January 4, 2000 (3.9 years)

The first trading day in our data for Contifinancial Corp is February 9, 1996 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on July 31, 1997, the market valued it at $1.9 billion. It ended in a collapse: the last trade was $0.12, -99.7% from its split-adjusted high. The delisting record says: likely failure.

1996-022000-01
Peak market value$1.9 billionJuly 31, 1997
Highest split-adjusted share price$40.31July 31, 1997
Last share price$0.12January 4, 2000
From its split-adjusted high to the end-99.7%
Return over the days in our data-99.5%with dividends, before the last trade
Worst single day-58.7%July 15, 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 1996. How these numbers are made · Report a data issue.

Could you have seen it coming? Play Dot-com

Also gone in 2000: Lending