Hindsight Market

The Graveyard › 1998

Saks Holdings Inc

SKS.Z · Department Stores · NYSE · in our data May 22, 1996 to September 17, 1998 (2.3 years)

The first trading day in our data for Saks Holdings Inc is May 22, 1996 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on October 17, 1996, the market valued it at $2.5 billion. It left the market without a crash, last trading at $22.62. The delisting record says: delisted or deregistered. Many companies end this way when they are bought, merged or taken private.

1996-051998-09
Peak market value$2.5 billionOctober 17, 1996
Highest split-adjusted share price$40.38October 17, 1996
Last share price$22.62September 17, 1998
From its split-adjusted high to the end-44.0%
Return over the days in our data-34.7%with dividends, before the last trade
Worst single day-32.8%April 23, 1997

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 1996.

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Also gone in 1998: Department Stores