Hindsight Market

The Graveyard › 1998

Crestar Financial Corp

CF · Banks · NYSE · in our data December 14, 1972 to December 31, 1998 (26 years)

Our price history begins on December 14, 1972, and Crestar Financial Corp was already trading then; how long before that, our data does not say. At its peak, on December 30, 1998, the market valued it at $8.6 billion. It left the market without a crash, last trading at $72.00. The delisting record says: delisted or deregistered. Many companies end this way when they are bought, merged or taken private.

1972-121998-12
Peak market value$8.6 billionDecember 30, 1998
Highest split-adjusted share price$76.50December 30, 1998
Last share price$72.00December 31, 1998
From its split-adjusted high to the end-5.9%
Return over the days in our data+4191.1%with dividends, before the last trade
Worst single day-10.8%December 17, 1990

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 1998: Banks