Hindsight Market

The Graveyard › 2002

Covanta Energy Corp

CVGYQ · Utilities · NYSE · in our data January 2, 1968 to March 28, 2002 (34.2 years)

Our price history begins on January 2, 1968, and Covanta Energy Corp was already trading then; how long before that, our data does not say. At its peak, on August 31, 1987, the market valued it at $1.7 billion. It ended in a collapse: the last trade was $0.72, -97.6% from its split-adjusted high. The delisting record says: likely failure.

1968-012002-03
Peak market value$1.7 billionAugust 31, 1987
Highest split-adjusted share price$29.71May 4, 1998
Last share price$0.72March 28, 2002
From its split-adjusted high to the end-97.6%
Return over the days in our data-71.3%with dividends, before the last trade
Worst single day-60.1%December 24, 2001

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 1968. How these numbers are made · Report a data issue.

Could you have seen it coming? Play Dot-com

Also gone in 2002: Utilities