Hindsight Market

The Graveyard › 1989

Cullinet Software

CUL · Unknown · NYSE · in our data August 2, 1978 to September 12, 1989 (11.1 years)

The first trading day in our data for Cullinet Software is August 2, 1978 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on February 13, 1985, the market valued it at $979 million. By the end it had fallen hard: the last trade was $8.38, -74.5% from its split-adjusted high. Our data does not say why it stopped trading.

1978-081989-09
Peak market value$979 millionFebruary 13, 1985
Highest split-adjusted share price$32.88February 13, 1985
Last share price$8.38September 12, 1989
From its split-adjusted high to the end-74.5%
Return over the days in our data+396.3%with dividends, before the last trade
Worst single day-30.6%October 19, 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 1978.

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Also gone in 1989: Unknown