Hindsight Market

The Graveyard › 1987

Rainier Bancorporation

RBAN · Unknown · NASDAQ · in our data December 14, 1972 to August 31, 1987 (14.7 years)

Our price history begins on December 14, 1972, and Rainier Bancorporation was already trading then; how long before that, our data does not say. At its peak, on August 25, 1987, the market valued it at $1.3 billion. It left the market without a crash, last trading at $54.62. Our data does not say why it stopped trading. Many companies end this way when they are bought, merged or taken private.

1972-121987-08
Peak market value$1.3 billionAugust 25, 1987
Highest split-adjusted share price$56.75August 25, 1987
Last share price$54.62August 31, 1987
From its split-adjusted high to the end-3.7%
Return over the days in our data+1491.2%with dividends, before the last trade
Worst single day-6.5%June 28, 1983

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 Black Monday

Also gone in 1987: Unknown