Hindsight Market

The Graveyard › 2008

Photon Dynamics Inc

PHTN · Instruments & Medical Devices · NASDAQ · in our data November 16, 1995 to October 2, 2008 (12.9 years)

The first trading day in our data for Photon Dynamics Inc is November 16, 1995 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on July 13, 2000, the market valued it at $1.0 billion. It left the market when it was bought or merged, last trading at $15.40, -83.0% from its split-adjusted high. Holders got whatever the deal paid, which is not in our price data.

1995-112008-10
Peak market value$1.0 billionJuly 13, 2000
Highest split-adjusted share price$90.37March 23, 2000
Last share price$15.40October 2, 2008
From its split-adjusted high to the end-83.0%
Return over the days in our data+28.3%with dividends, before the last trade
Worst single day-26.3%January 18, 2001

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 1995.

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

Also gone in 2008: Instruments & Medical Devices