Stocks Over $100 and Under $10

There are currently just 19 stocks in the Russell 3,000 that have a share price over $100.  Conversely, there are a whopping 1,228 (42%!) stocks in the index with a share price under $10.  We went back and checked how these numbers looked at prior market peaks and troughs over the last decade.  As shown below, at the market's all-time highs on October 9th, 2007, there were 82 stocks in the Russell 3,000 trading above $100/share and just 338 trading below $10/share.  At the market's 2002 lows, there were only 11 stocks trading above $100/share, which is well below the current 19, but there were significantly less stocks trading below $10/share.  At the market's peak in 2000, there were 90 above $100 and 394 below $10.

 

   

Below we provide a table of the 19 stocks in the Russell 3,000 currently trading above $100/share. 

 

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Comments

[dj]

Any stock under $5 is a penny stock,way to go GM you have joined NT.

[San Fran Sam]

Why don't the Berkshire Hathaway stocks qualify for the Russ 3000? They are certainly well over $100 per share.

[PTDBD]

Did you ever do a study of the market movements relative to the days of the week? Turnaround Tuesdays seem to be carrying over from the dotcom days.

[Bill S]

What were the 11 stocks trading over 100 on 10/9/02?

[Guru]

I call these low-priced stocks "perpetual, in-the-money" calls and suggested a strategy of putting a "basket" of them together until we see the other side of this market storm. Even if less than half double and the remainder go belly-up it should produce a nice total net return on the "basket". For info, see stockchartist.blogspot.com