Hindsight Market

The Graveyard › 1988

Maxxam Group Holdings Inc

MXM2 · Unknown · NYSE · in our data January 2, 1968 to May 20, 1988 (20.4 years)

Our price history begins on January 2, 1968, and Maxxam Group Holdings Inc was already trading then; how long before that, our data does not say. At its peak, on January 12, 1973, the market valued it at $806 million. By the end it had fallen hard: the last trade was $13.88, -65.2% from its split-adjusted high. Our data does not say why it stopped trading.

1968-011988-05
Peak market value$806 millionJanuary 12, 1973
Highest split-adjusted share price$39.91January 12, 1973
Last share price$13.88May 20, 1988
From its split-adjusted high to the end-65.2%
Return over the days in our data+44.6%with dividends, before the last trade
Worst single day-37.5%February 7, 1974

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 1988: Unknown