Hindsight Market

The Graveyard › 1998

Geotek Communications

GOTK · Telecom & Media · NASDAQ · in our data March 3, 1989 to June 30, 1998 (9.3 years)

The first trading day in our data for Geotek Communications is March 3, 1989 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on June 10, 1996, the market valued it at $827 million. It ended in a collapse: the last trade was $0.16, -99.1% from its split-adjusted high. The delisting record says: likely failure.

1989-031998-06
Peak market value$827 millionJune 10, 1996
Highest split-adjusted share price$17.25November 9, 1993
Last share price$0.16June 30, 1998
From its split-adjusted high to the end-99.1%
Return over the days in our data-93.8%with dividends, before the last trade
Worst single day-44.4%June 29, 1998

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 1989.

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Also gone in 1998: Telecom & Media