Hindsight Market

The Graveyard › 2009

Pharmanet Development Group

PDGI · Engineering & Consulting · NASDAQ · in our data October 11, 2000 to March 30, 2009 (8.5 years)

The first trading day in our data for Pharmanet Development Group is October 11, 2000 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on September 19, 2005, the market valued it at $831 million. It ended in a collapse: the last trade was $5.04, -88.9% from its split-adjusted high. The delisting record says: likely failure.

2000-102009-03
Peak market value$831 millionSeptember 19, 2005
Highest split-adjusted share price$45.36September 19, 2005
Last share price$5.04March 30, 2009
From its split-adjusted high to the end-88.9%
Return over the days in our data-0.0%with dividends, before the last trade
Worst single day-51.1%September 12, 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 2000.

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

Also gone in 2009: Engineering & Consulting