Hindsight Market

The Graveyard › 1986

Midcon Corp

MCN · Unknown · NYSE · in our data December 21, 1981 to April 1, 1986 (4.3 years)

The first trading day in our data for Midcon Corp is December 21, 1981 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on January 7, 1986, the market valued it at $2.7 billion. It left the market without a crash, last trading at $54.00. Our data does not say why it stopped trading. Many companies end this way when they are bought, merged or taken private.

1981-121986-04
Peak market value$2.7 billionJanuary 7, 1986
Highest split-adjusted share price$68.99January 7, 1986
Last share price$54.00April 1, 1986
From its split-adjusted high to the end-21.7%
Return over the days in our data+141.4%with dividends, before the last trade
Worst single day-13.4%February 14, 1986

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 1981.

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Also gone in 1986: Unknown