Hindsight Market

The Graveyard › 2008

Millennium Cell Inc

MCELQ · Electronics · NASDAQ · in our data August 9, 2000 to May 27, 2008 (7.8 years)

The first trading day in our data for Millennium Cell Inc is August 9, 2000 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on September 26, 2000, the market valued it at $644 million. It ended in a collapse: the last trade was $0.05, -99.8% from its split-adjusted high. The delisting record says: likely failure.

2000-082008-05
Peak market value$644 millionSeptember 26, 2000
Highest split-adjusted share price$24.00September 26, 2000
Last share price$0.05May 27, 2008
From its split-adjusted high to the end-99.8%
Return over the days in our data-99.5%with dividends, before the last trade
Worst single day-33.0%April 30, 2008

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 2000.

Could you have seen it coming? Play The Crash of '08

Also gone in 2008: Electronics