Hindsight Market

The Graveyard › 1997

Panhandle Eastern Corporation

PEL · Utilities · NYSE · in our data January 2, 1968 to June 18, 1997 (29.5 years)

Our price history begins on January 2, 1968, and Panhandle Eastern Corporation was already trading then; how long before that, our data does not say. At its peak, on June 17, 1997, the market valued it at $7.4 billion. It left the market without a crash, last trading at $48.88. Our data does not say why it stopped trading. Many companies end this way when they are bought, merged or taken private.

1968-011997-06
Peak market value$7.4 billionJune 17, 1997
Highest split-adjusted share price$49.00June 17, 1997
Last share price$48.88June 18, 1997
From its split-adjusted high to the end-0.3%
Return over the days in our data+2777.3%with dividends, before the last trade
Worst single day-16.4%October 19, 1987

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. How these numbers are made · Report a data issue.

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Also gone in 1997: Utilities