Hindsight Market

The Graveyard › 2009

Parallel Petroleum Corp

PLLL · Oil & Gas · NASDAQ · in our data December 10, 1980 to November 25, 2009 (29 years)

The first trading day in our data for Parallel Petroleum Corp is December 10, 1980 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on April 16, 2008, the market valued it at $961 million. It left the market when it was bought or merged, last trading at $3.14, -88.1% from its split-adjusted high. Holders got whatever the deal paid, which is not in our price data.

1980-122009-11
Peak market value$961 millionApril 16, 2008
Highest split-adjusted share price$26.39August 4, 2006
Last share price$3.14November 25, 2009
From its split-adjusted high to the end-88.1%
Return over the days in our data-64.1%with dividends, before the last trade
Worst single day-50.0%January 11, 1989

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 1980.

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Also gone in 2009: Oil & Gas