Hindsight Market

The Graveyard › 2002

Peregrine Systems Inc

PRGN · Software & Services · NASDAQ · in our data April 9, 1997 to August 29, 2002 (5.4 years)

The first trading day in our data for Peregrine Systems Inc is April 9, 1997 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on March 27, 2000, the market valued it at $8.1 billion. It ended in a collapse: the last trade was $0.50, -99.4% from its split-adjusted high. The delisting record says: likely failure.

1997-042002-08
Peak market value$8.1 billionMarch 27, 2000
Highest split-adjusted share price$79.50March 27, 2000
Last share price$0.50August 29, 2002
From its split-adjusted high to the end-99.4%
Return over the days in our data-77.8%with dividends, before the last trade
Worst single day-65.4%May 6, 2002

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 1997.

Could you have seen it coming? Play Dot-com

Also gone in 2002: Software & Services