Hindsight Market

The Graveyard › 2001

MCN Energy Group Inc

MCN · Utilities · NYSE · in our data June 1, 1988 to May 31, 2001 (13 years)

The first trading day in our data for MCN Energy Group Inc is June 1, 1988 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on December 31, 1997, the market valued it at $3.2 billion. It left the market without a crash, last trading at $23.98. Our data does not say why it stopped trading. Many companies end this way when they are bought, merged or taken private.

1988-062001-05
Peak market value$3.2 billionDecember 31, 1997
Highest split-adjusted share price$34.66December 31, 1997
Last share price$23.98May 31, 2001
From its split-adjusted high to the end-30.8%
Return over the days in our data+405.5%with dividends, before the last trade
Worst single day-31.4%August 28, 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 1988.

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Also gone in 2001: Utilities