Hindsight Market

The Graveyard › 1998

Scherer (r P)

SHR · Chemicals & Drugs · NYSE · in our data October 11, 1991 to August 7, 1998 (6.8 years)

The first trading day in our data for Scherer (r P) is October 11, 1991 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on July 17, 1998, the market valued it at $2.3 billion. It left the market without a crash, last trading at $90.62. The delisting record says: delisted or deregistered. Many companies end this way when they are bought, merged or taken private.

1991-101998-08
Peak market value$2.3 billionJuly 17, 1998
Highest split-adjusted share price$95.81July 17, 1998
Last share price$90.62August 7, 1998
From its split-adjusted high to the end-5.4%
Return over the days in our data+396.6%with dividends, before the last trade
Worst single day-12.6%February 22, 1993

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 1998: Chemicals & Drugs