The Graveyard › 1997

Stratosphere Corp

3STTCE · Entertainment · NASDAQ · in our data February 24, 1994 to April 28, 1997 (3.2 years)

The first trading day in our data for Stratosphere Corp is February 24, 1994 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on April 22, 1996, the market valued it at $786 million. It ended in a collapse: the last trade was $0.44, -96.8% from its split-adjusted high. The delisting record says: likely failure.

1994-021997-04

Peak market value$786 millionApril 22, 1996

Highest split-adjusted share price$13.50April 22, 1996

Last share price$0.44April 28, 1997

From its split-adjusted high to the end-96.8%

Return over the days in our data-94.0%with dividends, before the last trade

Worst single day-32.6%August 13, 1996

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 1994.

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