Hindsight Market

The Graveyard › 2001

The Coastal Corporation

CGP · Utilities · NYSE · in our data January 2, 1968 to January 29, 2001 (33.1 years)

Our price history begins on January 2, 1968, and The Coastal Corporation was already trading then; how long before that, our data does not say. At its peak, on December 28, 2000, the market valued it at $19.3 billion. It left the market without a crash, last trading at $79.50. The delisting record says: delisted or deregistered. Many companies end this way when they are bought, merged or taken private.

1968-012001-01
Peak market value$19.3 billionDecember 28, 2000
Highest split-adjusted share price$89.88December 28, 2000
Last share price$79.50January 29, 2001
From its split-adjusted high to the end-11.5%
Return over the days in our data+3021.4%with dividends, before the last trade
Worst single day-38.4%December 14, 1977

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 2001: Utilities