Hindsight Market

The Graveyard › 1989

Texas Eastern Corp

PEL4 · Unknown · NYSE · in our data January 2, 1968 to June 28, 1989 (21.5 years)

Our price history begins on January 2, 1968, and Texas Eastern Corp was already trading then; how long before that, our data does not say. At its peak, on June 28, 1989, the market valued it at $3.3 billion. It left the market without a crash, last trading at $54.38. Our data does not say why it stopped trading. Many companies end this way when they are bought, merged or taken private.

1968-011989-06
Peak market value$3.3 billionJune 28, 1989
Highest split-adjusted share price$54.38June 28, 1989
Last share price$54.38June 28, 1989
From its split-adjusted high to the end0.0%
Return over the days in our data+1468.6%with dividends, before the last trade
Worst single day-17.5%October 20, 1987

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.

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Also gone in 1989: Unknown