Hindsight Market

The Graveyard › 1998

Dresser Industries Inc

DI. · Oil & Gas · NYSE · in our data January 2, 1968 to September 29, 1998 (30.7 years)

Our price history begins on January 2, 1968, and Dresser Industries Inc was already trading then; how long before that, our data does not say. At its peak, on May 1, 1998, the market valued it at $9.6 billion. It left the market without a crash, last trading at $30.62. Our data does not say why it stopped trading. Many companies end this way when they are bought, merged or taken private.

1968-011998-09
Peak market value$9.6 billionMay 1, 1998
Highest split-adjusted share price$54.35May 1, 1998
Last share price$30.62September 29, 1998
From its split-adjusted high to the end-43.7%
Return over the days in our data+1613.9%with dividends, before the last trade
Worst single day-13.2%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 1968.

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Also gone in 1998: Oil & Gas