Hindsight Market

The Graveyard › 1998

Phyamerica Physician Group

3ERDR · Software & Services · NYSE · in our data June 21, 1991 to December 31, 1998 (7.5 years)

The first trading day in our data for Phyamerica Physician Group is June 21, 1991 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on August 15, 1994, the market valued it at $747 million. It ended in a collapse: the last trade was $0.34, -99.2% from its split-adjusted high. The delisting record says: likely failure.

1991-061998-12
Peak market value$747 millionAugust 15, 1994
Highest split-adjusted share price$40.25January 31, 1994
Last share price$0.34December 31, 1998
From its split-adjusted high to the end-99.2%
Return over the days in our data-97.3%with dividends, before the last trade
Worst single day-33.3%February 5, 1997

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 1991.

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Also gone in 1998: Software & Services