Hindsight Market

The Graveyard › 2000

GTE Corporation

GTE · Telecom & Media · NYSE · in our data January 2, 1968 to June 30, 2000 (32.5 years)

Our price history begins on January 2, 1968, and GTE Corporation was already trading then; how long before that, our data does not say. At its peak, on October 4, 1999, the market valued it at $76.3 billion. It left the market without a crash, last trading at $62.25. The delisting record says: delisted or deregistered. Many companies end this way when they are bought, merged or taken private.

1968-012000-06
Peak market value$76.3 billionOctober 4, 1999
Highest split-adjusted share price$76.16October 4, 1999
Last share price$62.25June 30, 2000
From its split-adjusted high to the end-18.3%
Return over the days in our data+3163.7%with dividends, before the last trade
Worst single day-24.8%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.

Could you have seen it coming? Play Dot-com

Also gone in 2000: Telecom & Media