Hindsight Market

The Graveyard › 1988

Sabine Corp

SAB · Unknown · NYSE · in our data February 17, 1970 to May 9, 1988 (18.2 years)

The first trading day in our data for Sabine Corp is February 17, 1970 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on October 15, 1980, the market valued it at $951 million. It left the market without a crash, last trading at $24.00. Our data does not say why it stopped trading. Many companies end this way when they are bought, merged or taken private.

1970-021988-05
Peak market value$951 millionOctober 15, 1980
Highest split-adjusted share price$29.35October 15, 1980
Last share price$24.00May 9, 1988
From its split-adjusted high to the end-18.2%
Return over the days in our data+2637.5%with dividends, before the last trade
Worst single day-16.2%October 19, 1987

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 1970.

Could you have seen it coming? Play Black Monday

Also gone in 1988: Unknown