Hindsight Market

The Graveyard › 1998

J & L Specialty Steel

JL · Steel & Metals · NYSE · in our data December 15, 1993 to December 17, 1998 (5 years)

The first trading day in our data for J & L Specialty Steel is December 15, 1993 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on August 28, 1995, the market valued it at $1.0 billion. It left the market when it was bought or merged, last trading at $6.31, -74.5% from its split-adjusted high. Holders got whatever the deal paid, which is not in our price data.

1993-121998-12
Peak market value$1.0 billionAugust 28, 1995
Highest split-adjusted share price$24.76August 28, 1995
Last share price$6.31December 17, 1998
From its split-adjusted high to the end-74.5%
Return over the days in our data-51.0%with dividends, before the last trade
Worst single day-16.1%September 15, 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 1993.

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Also gone in 1998: Steel & Metals