Hindsight Market

The Graveyard › 1997

Destec Energy Inc

ENG · Utilities · NYSE · in our data March 15, 1991 to June 27, 1997 (6.3 years)

The first trading day in our data for Destec Energy Inc is March 15, 1991 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on April 17, 1991, the market valued it at $1.7 billion. It left the market without a crash, last trading at $21.56. The delisting record says: delisted or deregistered. Many companies end this way when they are bought, merged or taken private.

1991-031997-06
Peak market value$1.7 billionApril 17, 1991
Highest split-adjusted share price$28.00April 17, 1991
Last share price$21.56June 27, 1997
From its split-adjusted high to the end-23.0%
Return over the days in our data-6.3%with dividends, before the last trade
Worst single day-11.1%July 18, 1991

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 1991.

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Also gone in 1997: Utilities