Hindsight Market

The Graveyard › 2008

Wachovia Bank

WB · Banks · NYSE · in our data December 14, 1972 to December 31, 2008 (36 years)

Our price history begins on December 14, 1972, and Wachovia Bank was already trading then; how long before that, our data does not say. At its peak, on December 19, 2006, the market valued it at $115.6 billion. It left the market when it was bought or merged, last trading at $5.54, -89.6% from its split-adjusted high. Holders got whatever the deal paid, which is not in our price data.

1972-122008-12
Peak market value$115.6 billionDecember 19, 2006
Highest split-adjusted share price$53.41February 22, 2007
Last share price$5.54December 31, 2008
From its split-adjusted high to the end-89.6%
Return over the days in our data+380.2%with dividends, before the last trade
Worst single day-81.6%September 29, 2008

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 1972.

Could you have seen it coming? Play The Crash of '08

Also gone in 2008: Banks