Hindsight Market

The Graveyard › 2005

Riggs National Corp

RIGS · Banks · NASDAQ · in our data December 14, 1972 to May 13, 2005 (32.4 years)

Our price history begins on December 14, 1972, and Riggs National Corp was already trading then; how long before that, our data does not say. At its peak, on April 20, 1998, the market valued it at $937 million. It left the market when it was bought or merged, last trading at $19.62, -30.6% from its split-adjusted high. Holders got whatever the deal paid, which is not in our price data.

1972-122005-05
Peak market value$937 millionApril 20, 1998
Highest split-adjusted share price$28.27April 20, 1998
Last share price$19.62May 13, 2005
From its split-adjusted high to the end-30.6%
Return over the days in our data+565.1%with dividends, before the last trade
Worst single day-20.4%October 9, 1991

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.

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Also gone in 2005: Banks