Hindsight Market

The Graveyard › 1998

Rio Hotel & Casino Inc

RHC · Entertainment · NYSE · in our data June 4, 1984 to December 31, 1998 (14.6 years)

The first trading day in our data for Rio Hotel & Casino Inc is June 4, 1984 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on March 6, 1998, the market valued it at $622 million. It left the market when it was bought or merged, last trading at $15.88, -45.3% from its split-adjusted high. Holders got whatever the deal paid, which is not in our price data.

1984-061998-12
Peak market value$622 millionMarch 6, 1998
Highest split-adjusted share price$29.00March 6, 1998
Last share price$15.88December 31, 1998
From its split-adjusted high to the end-45.3%
Return over the days in our data-18.9%with dividends, before the last trade
Worst single day-40.0%May 7, 1985

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 1984.

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Also gone in 1998: Entertainment