Hindsight Market

The Graveyard › 2008

Packeteer Inc

PKTR · Software & Services · NASDAQ · in our data July 29, 1999 to June 6, 2008 (8.9 years)

The first trading day in our data for Packeteer Inc is July 29, 1999 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on December 13, 1999, the market valued it at $2.0 billion. It ended in a collapse: the last trade was $7.15, -90.5% from its split-adjusted high. The delisting record says: merged or acquired.

1999-072008-06
Peak market value$2.0 billionDecember 13, 1999
Highest split-adjusted share price$75.37December 13, 1999
Last share price$7.15June 6, 2008
From its split-adjusted high to the end-90.5%
Return over the days in our data-76.0%with dividends, before the last trade
Worst single day-41.6%July 23, 2004

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 1999.

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

Also gone in 2008: Software & Services