Hindsight Market

The Graveyard › 1987

Phoenix Resource Cos

PHN · Unknown · NASDAQ · in our data May 2, 1972 to December 4, 1987 (15.6 years)

The first trading day in our data for Phoenix Resource Cos is May 2, 1972 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on March 16, 1981, the market valued it at $888 million. It ended in a collapse: the last trade was $1.03, -96.9% from its split-adjusted high. The delisting record says: likely failure.

1972-051987-12
Peak market value$888 millionMarch 16, 1981
Highest split-adjusted share price$33.70March 16, 1981
Last share price$1.03December 4, 1987
From its split-adjusted high to the end-96.9%
Return over the days in our data-44.7%with dividends, before the last trade
Worst single day-33.3%January 27, 1984

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 1972.

Could you have seen it coming? Play Black Monday

Also gone in 1987: Unknown