Hindsight Market

The Graveyard › 2000

Pittston Co-bax Group

PZX · Transport Services · NYSE · in our data January 31, 1996 to January 13, 2000 (4 years)

The first trading day in our data for Pittston Co-bax Group is January 31, 1996 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on October 23, 1997, the market valued it at $638 million. By the end it had fallen hard: the last trade was $10.22, -65.5% from its split-adjusted high. Our data does not say why it stopped trading.

1996-012000-01
Peak market value$638 millionOctober 23, 1997
Highest split-adjusted share price$29.64October 23, 1997
Last share price$10.22January 13, 2000
From its split-adjusted high to the end-65.5%
Return over the days in our data-45.1%with dividends, before the last trade
Worst single day-19.1%August 31, 1998

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 1996.

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Also gone in 2000: Transport Services