Hindsight Market

The Graveyard › 1992

Merchants National Corp

MCHN · Banks · NASDAQ · in our data September 24, 1973 to May 1, 1992 (18.6 years)

The first trading day in our data for Merchants National Corp is September 24, 1973 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on April 30, 1992, the market valued it at $722 million. It left the market without a crash, last trading at $48.62. Our data does not say why it stopped trading. Many companies end this way when they are bought, merged or taken private.

1973-091992-05
Peak market value$722 millionApril 30, 1992
Highest split-adjusted share price$48.75April 30, 1992
Last share price$48.62May 1, 1992
From its split-adjusted high to the end-0.3%
Return over the days in our data+1143.7%with dividends, before the last trade
Worst single day-15.2%August 18, 1981

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 1973.

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Also gone in 1992: Banks