The Graveyard › 1997

Dean Witter, Discover & Co.

MS · Lending · NYSE · in our data February 23, 1993 to May 30, 1997 (4.3 years)

The first trading day in our data for Dean Witter, Discover & Co. is February 23, 1993 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on February 19, 1997, the market valued it at $14.1 billion. It left the market without a crash, last trading at $41.50. Our data does not say why it stopped trading. Many companies end this way when they are bought, merged or taken private.

1993-021997-05

Peak market value$14.1 billionFebruary 19, 1997

Highest split-adjusted share price$43.44February 19, 1997

Last share price$41.50May 30, 1997

From its split-adjusted high to the end-4.5%

Return over the days in our data+183.6%with dividends, before the last trade

Worst single day-6.1%April 2, 1997

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 1993.

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Also gone in 1997: Lending

First Usa Inc peaked at $7.2 billion
PHH Corp peaked at $1.7 billion