Hindsight Market

The Graveyard › 1999

Physician Reliance Network

PHYN · Health Care · NASDAQ · in our data November 23, 1994 to June 15, 1999 (4.6 years)

The first trading day in our data for Physician Reliance Network is November 23, 1994 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on June 12, 1996, the market valued it at $1.3 billion. By the end it had fallen hard: the last trade was $11.81, -56.6% from its split-adjusted high. The delisting record says: delisted or deregistered.

1994-111999-06
Peak market value$1.3 billionJune 12, 1996
Highest split-adjusted share price$27.25June 12, 1996
Last share price$11.81June 15, 1999
From its split-adjusted high to the end-56.6%
Return over the days in our data+45.4%with dividends, before the last trade
Worst single day-48.7%October 28, 1996

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 1994.

Could you have seen it coming? Play Dot-com

Also gone in 1999: Health Care