Hindsight Market

The Graveyard › 1998

Sumitomo Bank of California

SUMI · Banks · NASDAQ · in our data December 14, 1972 to September 30, 1998 (25.8 years)

Our price history begins on December 14, 1972, and Sumitomo Bank of California was already trading then; how long before that, our data does not say. At its peak, on December 10, 1997, the market valued it at $903 million. It left the market without a crash, last trading at $38.00. Our data does not say why it stopped trading. Many companies end this way when they are bought, merged or taken private.

1972-121998-09
Peak market value$903 millionDecember 10, 1997
Highest split-adjusted share price$53.93December 10, 1997
Last share price$38.00September 30, 1998
From its split-adjusted high to the end-29.5%
Return over the days in our data+336.6%with dividends, before the last trade
Worst single day-24.3%March 26, 1998

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 1972. How these numbers are made · Report a data issue.

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Also gone in 1998: Banks