Hindsight Market

The Graveyard › 1999

Skytel Communications Inc

SKYT · Telecom & Media · NASDAQ · in our data April 10, 1989 to September 30, 1999 (10.5 years)

The first trading day in our data for Skytel Communications Inc is April 10, 1989 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on October 12, 1995, the market valued it at $1.9 billion. It left the market when it was bought or merged, last trading at $18.31, -52.1% from its split-adjusted high. Holders got whatever the deal paid, which is not in our price data.

1989-041999-09
Peak market value$1.9 billionOctober 12, 1995
Highest split-adjusted share price$38.25October 14, 1993
Last share price$18.31September 30, 1999
From its split-adjusted high to the end-52.1%
Return over the days in our data+240.7%with dividends, before the last trade
Worst single day-36.8%January 5, 1994

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 1989.

Could you have seen it coming? Play Dot-com

Also gone in 1999: Telecom & Media