Hindsight Market

The Graveyard › 2007

Mellon Financial

MEL · Banks · NYSE · in our data December 14, 1972 to June 29, 2007 (34.5 years)

Our price history begins on December 14, 1972, and Mellon Financial was already trading then; how long before that, our data does not say. At its peak, on December 27, 2000, the market valued it at $25.0 billion. It left the market when it was bought or merged, last trading at $44.00, -4.2% from its split-adjusted high. Holders got whatever the deal paid, which is not in our price data.

1972-122007-06
Peak market value$25.0 billionDecember 27, 2000
Highest split-adjusted share price$45.91February 15, 2007
Last share price$44.00June 29, 2007
From its split-adjusted high to the end-4.2%
Return over the days in our data+4645.8%with dividends, before the last trade
Worst single day-14.8%October 19, 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 1972.

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Also gone in 2007: Banks