Hindsight Market

The Graveyard › 2003

Turnstone Systems Inc

TSTN. · Electronics · NASDAQ · in our data February 1, 2000 to December 4, 2003 (3.8 years)

The first trading day in our data for Turnstone Systems Inc is February 1, 2000 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on July 12, 2000, the market valued it at $6.1 billion. It ended in a collapse: the last trade was $0.13, -97.3% from its split-adjusted high. The delisting record says: merged or acquired.

2000-022003-12
Peak market value$6.1 billionJuly 12, 2000
Highest split-adjusted share price$4.84July 12, 2000
Last share price$0.13December 4, 2003
From its split-adjusted high to the end-97.3%
Return over the days in our data-94.4%with dividends, before the last trade
Worst single day-64.8%November 6, 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 2000.

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Also gone in 2003: Electronics