Hindsight Market

The Graveyard › 1999

Transtexas Gas Corp

3TTXGQ · Oil & Gas · NYSE · in our data March 10, 1994 to April 19, 1999 (5.1 years)

The first trading day in our data for Transtexas Gas Corp is March 10, 1994 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on October 10, 1995, the market valued it at $1.4 billion. It ended in a collapse: the last trade was $0.56, -97.1% from its split-adjusted high. The delisting record says: likely failure.

1994-031999-04
Peak market value$1.4 billionOctober 10, 1995
Highest split-adjusted share price$19.38October 10, 1995
Last share price$0.56April 19, 1999
From its split-adjusted high to the end-97.1%
Return over the days in our data-96.0%with dividends, before the last trade
Worst single day-38.5%February 3, 1999

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 1994.

Could you have seen it coming? Play Dot-com

Also gone in 1999: Oil & Gas