Hindsight Market

The Graveyard › 1987

Marine Midland Banks

MM · Unknown · NYSE · in our data January 2, 1968 to December 15, 1987 (20 years)

Our price history begins on January 2, 1968, and Marine Midland Banks was already trading then; how long before that, our data does not say. At its peak, on December 15, 1987, the market valued it at $1.6 billion. It left the market without a crash, last trading at $83.38. Our data does not say why it stopped trading. Many companies end this way when they are bought, merged or taken private.

1968-011987-12
Peak market value$1.6 billionDecember 15, 1987
Highest split-adjusted share price$83.38December 15, 1987
Last share price$83.38December 15, 1987
From its split-adjusted high to the end0.0%
Return over the days in our data+752.5%with dividends, before the last trade
Worst single day-26.2%November 19, 1975

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 Black Monday

Also gone in 1987: Unknown