Hindsight Market

The Graveyard › 2000

Summit Technology Inc

BEAM · Instruments & Medical Devices · NASDAQ · in our data July 16, 1987 to August 31, 2000 (13.1 years)

The first trading day in our data for Summit Technology Inc is July 16, 1987 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on January 16, 1996, the market valued it at $1.0 billion. It left the market when it was bought or merged, last trading at $18.94, -45.1% from its split-adjusted high. Holders got whatever the deal paid, which is not in our price data.

1987-072000-08
Peak market value$1.0 billionJanuary 16, 1996
Highest split-adjusted share price$34.52December 13, 1995
Last share price$18.94August 31, 2000
From its split-adjusted high to the end-45.1%
Return over the days in our data+1888.9%with dividends, before the last trade
Worst single day-35.2%February 23, 2000

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 1987. How these numbers are made · Report a data issue.

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Also gone in 2000: Instruments & Medical Devices