Hindsight Market

The Graveyard › 1984

Metromedia

MET · Unknown · NYSE · in our data January 2, 1968 to June 21, 1984 (16.5 years)

Our price history begins on January 2, 1968, and Metromedia was already trading then; how long before that, our data does not say. At its peak, on July 20, 1983, the market valued it at $1.6 billion. It ended in a collapse: the last trade was $38.12, -30.7% from its split-adjusted high. The delisting record says: likely failure.

1968-011984-06
Peak market value$1.6 billionJuly 20, 1983
Highest split-adjusted share price$55.04July 20, 1983
Last share price$38.12June 21, 1984
From its split-adjusted high to the end-30.7%
Return over the days in our data+2425.4%with dividends, before the last trade
Worst single day-16.3%July 17, 1973

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.

Play today's Daily Drop

Also gone in 1984: Unknown