Hindsight Market

The Graveyard › 2003

Read-rite Corp

RDRT · Machinery & Computers · NASDAQ · in our data October 18, 1991 to June 23, 2003 (11.7 years)

The first trading day in our data for Read-rite Corp is October 18, 1991 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on September 8, 1995, the market valued it at $2.2 billion. It ended in a collapse: the last trade was $0.10, -100.0% from its split-adjusted high. The delisting record says: likely failure.

1991-102003-06
Peak market value$2.2 billionSeptember 8, 1995
Highest split-adjusted share price$240.00September 8, 1995
Last share price$0.10June 23, 2003
From its split-adjusted high to the end-100.0%
Return over the days in our data-99.8%with dividends, before the last trade
Worst single day-75.4%June 18, 2003

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 2003: Machinery & Computers