Hindsight Market

The Graveyard › 1988

Telex Corp

TC · Unknown · NYSE · in our data January 2, 1968 to June 29, 1988 (20.5 years)

Our price history begins on January 2, 1968, and Telex Corp was already trading then; how long before that, our data does not say. At its peak, on February 27, 1987, the market valued it at $1.5 billion. By the end it had fallen hard: the last trade was $49.00, -51.4% from its split-adjusted high. Our data does not say why it stopped trading.

1968-011988-06
Peak market value$1.5 billionFebruary 27, 1987
Highest split-adjusted share price$100.90February 27, 1987
Last share price$49.00June 29, 1988
From its split-adjusted high to the end-51.4%
Return over the days in our data+1444.9%with dividends, before the last trade
Worst single day-59.3%January 30, 1975

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 1968.

Could you have seen it coming? Play Black Monday

Also gone in 1988: Unknown