Hindsight Market

The Graveyard › 1990

First Pennsylvania Corp

FPA. · Banks · NYSE · in our data January 10, 1972 to March 5, 1990 (18.1 years)

The first trading day in our data for First Pennsylvania Corp is January 10, 1972 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on November 6, 1972, the market valued it at $739 million. By the end it had fallen hard: the last trade was $15.38, -50.2% from its split-adjusted high. Our data does not say why it stopped trading.

1972-011990-03
Peak market value$739 millionNovember 6, 1972
Highest split-adjusted share price$30.89November 6, 1972
Last share price$15.38March 5, 1990
From its split-adjusted high to the end-50.2%
Return over the days in our data-29.2%with dividends, before the last trade
Worst single day-21.6%November 27, 1979

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 1990: Banks