Hindsight Market

The Graveyard › 1999

Providian Corporation

PVT.. · Insurance · NYSE · in our data December 14, 1972 to June 30, 1999 (26.5 years)

Our price history begins on December 14, 1972, and Providian Corporation was already trading then; how long before that, our data does not say. At its peak, on January 8, 1999, the market valued it at $5.9 billion. It left the market without a crash, last trading at $40.00. Our data does not say why it stopped trading. Many companies end this way when they are bought, merged or taken private.

1972-121999-06
Peak market value$5.9 billionJanuary 8, 1999
Highest split-adjusted share price$43.45January 8, 1999
Last share price$40.00June 30, 1999
From its split-adjusted high to the end-8.0%
Return over the days in our data+1711.4%with dividends, before the last trade
Worst single day-12.4%August 1, 1990

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 Dot-com

Also gone in 1999: Insurance