Hindsight Market

The Graveyard › 1996

Infinity Broadcasting

INF · Telecom & Media · NYSE · in our data June 10, 1986 to December 31, 1996 (10.6 years)

The first trading day in our data for Infinity Broadcasting is June 10, 1986 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on November 12, 1996, the market valued it at $2.7 billion. It left the market without a crash, last trading at $33.62. The delisting record says: delisted or deregistered. Many companies end this way when they are bought, merged or taken private.

1986-061996-12
Peak market value$2.7 billionNovember 12, 1996
Highest split-adjusted share price$35.00November 12, 1996
Last share price$33.62December 31, 1996
From its split-adjusted high to the end-3.9%
Return over the days in our data+2150.8%with dividends, before the last trade
Worst single day-17.1%October 20, 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 1986.

Play today's Daily Drop

Also gone in 1996: Telecom & Media