Things To Keep In Mind Concerning Penny Stocks That Made Big Moves Higher
There is no deficit of claims in the penny stock markets of penny stocks that have great potential to make big moves higher from pennies to bucks. However , penny stock traders and investors are left to question whether there are tangible examples of penny stocks that made big moves higher and moved on from the penny stock markets into the realm of stocks that solidly trade in dollars.
The simple fact is just that there are many penny stocks that made big moves higher over time (see the partial list below); but before discussing examples of penny stocks that made big moves higher from pennies to dollars, it is important to clear up a major delusion. When researching stocks that went from trading in the dimes to dollars, it is important to keep in mind that any splits that have happened over the years are factored into historical prices. For example, many corporations that have done well over the years have enacted countless forward stock splits. These forward splits skewed the historical trading price info and make it difficult to discern which stocks started as penny stocks and made massive moves higher. As an example, if you pull up a chart of Intel Company (NASDAQ: INTC), it appears that Intel could be brought for less than 10 cents per share in the mid 1970s, but this is the split-adjusted price of Intel’s stock, not the nominal price that INTC sold for at the time, which was essentially well above $10 per share.
List of Penny Stocks That Made Big Moves Higher
The following is a brief list of penny stocks that made big moves higher from trading cents to dollars.
– Apco Oil & Gas International Inc. (NASDAQ:APAGF) traded between 10 and 25 cents in 1985 and now trades around $30 per share, after peaking above $80 per share in 2011.
– Concur Technologies, Incorporated. (NASDAQ: CNQR) traded between 30 and 50 cents per share in April 2001, and now trades above $60 per share.
– True Religion Apparel, Inc. (NASDAQ: TRLG) traded from 17 cents per share in 2003 to over $25 per share today.
This is in no way a complete list of penny stocks that made gigantic moves higher over time. Rather it is an example that penny shares have made big moves higher in the past, and therefore there is not any reason to dismiss the notion that penny stocks can go from trading in cents to dollars. While they are diamonds in the rough, there are good examples of penny stocks that made big moves higher.
George Lopez is a penny stock investor that writes articles about the penny stocks that made enormous moves and other stock tips.