Hindsight Market

The Graveyard › 1988

Convergent Inc

CVGT · Unknown · NASDAQ · in our data May 19, 1982 to December 22, 1988 (6.6 years)

The first trading day in our data for Convergent Inc is May 19, 1982 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on June 24, 1983, the market valued it at $1.4 billion. By the end it had fallen hard: the last trade was $6.94, -82.7% from its split-adjusted high. Our data does not say why it stopped trading.

1982-051988-12
Peak market value$1.4 billionJune 24, 1983
Highest split-adjusted share price$40.13June 24, 1983
Last share price$6.94December 22, 1988
From its split-adjusted high to the end-82.7%
Return over the days in our data-27.3%with dividends, before the last trade
Worst single day-22.9%April 14, 1987

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 1982. How these numbers are made · Report a data issue.

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Also gone in 1988: Unknown