Hindsight Market

The Graveyard › 1996

Morrison Knudsen Corp

3MRNKQ · Construction · NYSE · in our data July 7, 1972 to June 28, 1996 (24 years)

The first trading day in our data for Morrison Knudsen Corp is July 7, 1972 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on April 7, 1994, the market valued it at $924 million. It ended in a collapse: the last trade was $1.25, -95.6% from its split-adjusted high. The delisting record says: likely failure.

1972-071996-06
Peak market value$924 millionApril 7, 1994
Highest split-adjusted share price$28.36April 11, 1994
Last share price$1.25June 28, 1996
From its split-adjusted high to the end-95.6%
Return over the days in our data-1.0%with dividends, before the last trade
Worst single day-50.0%February 26, 1996

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 1996: Construction