Hindsight Market

The Graveyard › 2008

Paramount Comm.

GW · Oil & Gas · AMEX · in our data December 17, 1980 to December 23, 2008 (28 years)

The first trading day in our data for Paramount Comm. is December 17, 1980 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on January 23, 2006, the market valued it at $1.7 billion. It left the market when it was bought or merged, last trading at $3.41, -87.4% from its split-adjusted high. Holders got whatever the deal paid, which is not in our price data.

1980-122008-12
Peak market value$1.7 billionJanuary 23, 2006
Highest split-adjusted share price$27.00August 20, 1981
Last share price$3.41December 23, 2008
From its split-adjusted high to the end-87.4%
Return over the days in our data-82.3%with dividends, before the last trade
Worst single day-50.6%December 22, 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 1980.

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

Also gone in 2008: Oil & Gas