CCI drawdown: 64.1% below the all-time high
Crown Castle Inc. (CCI) is 64.1% below its all-time high, set Dec 31, 2021 (as of market close, Jul 24, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown. "All-time" means since our price data begins (1998).
- Below all-time high
- −64.1%
- 35.9% of ATH
- All-time high
- $208.7
- Dec 31, 2021
- Time below the high
- 4.6 yrs
- since Dec 31, 2021
- Worst-ever drawdown
- −97.6%
- Aug 12, 2002
- Longest underwater
- 7.8 yrs
- between all-time highs
- Today's level first reached
- Jan 2, 2013
- 13.6 yrs ago
- Last time this deep
- Dec 2, 2008
- in a previous episode
% of all-time high since 1998#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater.
% of all-time high on the price basis — the all-time high considers the full history of CCI, including years before the visible window. Dividends are excluded on this basis (the convention headlines use).
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Mar 3, 2000 | Aug 12, 2002 | −97.6% | 2.4 yrs | Dec 3, 2007 | 7.8 yrs |
| Dec 3, 2007 | Nov 21, 2008 | −76.2% | 12 mo | Sep 21, 2010 | 2.8 yrs |
| Dec 31, 2021 | Jul 23, 2026 | −64.3% | 4.6 yrs | not yet | 4.6 yrs+ |
| Aug 25, 1998 | Oct 9, 1998 | −51.9% | 45 days | Oct 23, 1998 | 59 days |
| Jul 14, 1999 | Aug 31, 1999 | −39.5% | 48 days | Dec 13, 1999 | 5 mo |
| Feb 21, 2020 | Mar 23, 2020 | −30.4% | 31 days | May 28, 2020 | 3 mo |
| Dec 31, 1998 | Apr 20, 1999 | −27.8% | 4 mo | Jul 14, 1999 | 6 mo |
| Feb 10, 2000 | Feb 28, 2000 | −21.4% | 18 days | Mar 2, 2000 | 21 days |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 1998: how far CCI stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: CCI is on this chart precisely because it survived — the many stocks that fell this far and never recovered (or were delisted) aren't on anyone's chart, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ
- How far is CCI from its all-time high?
- CCI is currently 64.1% below its all-time high, set Dec 31, 2021 (as of market close, Jul 24, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest CCI drawdown ever?
- The deepest decline on record in our data (since 1998) took the stock 97.6% below its prior high, bottoming Aug 12, 2002. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 1998 (split-adjusted). "All-time" means since our price data begins — CCI may have traded earlier. For a 150-year index drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year, 150 years of returns and the rolling-returns explorer. Past performance does not predict future returns; not investment advice.