4 Penny Stocks That Skyrocketed

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Penny stocks have made great strides in the past few decades as presenting investors with better opportunities than the more traditional venues. These 4 companies all started in the penny stock market or found their way into the penny stock market and were able to skyrocket in price and move into the major stock exchanges, elevating not only their stock price but the investors wealth along too.

Monster Beverage (MNST)

Monster Beverage better known as Monster, is a producer of energy drinks. One of the best known brands in their industry, Monster stocks are selling at around $53 dollars per share. However, Monster shares weren’t always selling this high. In December 1995, Monster then known as Hansen’s Natural Soda, a soda manufacturer was selling its stock for roughly 69 cents on every share. For years, Hansen’s which became Monster was a long time penny stock company that was able to solidify itself in the stock market by emerging as one of the leaders in the brand new energy drink market.

Medifast (MED)penny stocks

Medifast is a terrific example of how a penny stock company was able to mature into an established successful company. There were times during the company’s history where due to the market, their value as a company fluctuated pretty erratically yet they have still managed to come out on top. The company produces disease management and weight management products which have become the cornerstone to their success. By the end of the 4th quarter in 2000, Medifast stock was selling for 14 cents per stock and now sells at over $25 dollars per stock! This penny stock was able to combat market skepticism and ascend into the limelight as one of the best known and respected suppliers in their industry, all starting as a penny stock company.

Pier 1 Imports (PIR)

Pier 1 Imports is a great example of how the penny stock market can even help turn around companies. If you remember in the early 1990’s Pier 1 Imports was a powerhouse supplier of house wares, home supplies, decorations and furniture. The company’s stock hit an all time high in the early 2000’s selling at $25 per share. Like many companies, Pier 1 imports hit hard times as the economy and house markets fell so too did their business. By March 2009 Pier 1 Imports stock sold at an all time low of 11 cents per share. It was through the penny stock market and a restructuring of the company over the last few years that Pier 1 has been able to turn itself around and as of yesterday stock closed at $18.68 per share.

General Growth Properties (GGP)

During the 1990’s General Growth Properties was one of the premier safe bets for investors to take. The company is a real estate investment trust which has credited its early success to building up a portfolio of mall based properties and leasing out to businesses, small and large tenants. Stocks were selling at record high at above $64 dollars per share. But not unlike Pier 1 Imports, GGP also became a victim of the hard financial times and the crash of the credit market when in February 2009 stocks were being sold at 59 cents per share. The company’s upper management understood the workings of making a profit during bankruptcy and used their time in the penny stock markets to sell off stock at a lower price yet maintain their valuable property holdings. As of yesterday, GGP closed at a high of $21.62 per share, re-emerging as a stronger company in a better more stable state.

All of these companies either started out as penny stocks or found their way into selling their stocks in the penny stock markets. Penny stocks have gotten a bad reputation in the past due to their low cost and were often distrusted by novice investors because they tended to rely more on speculation. Conversely, penny stocks are just as dependent on speculation as any other stock that is traded on the stock exchanges. The benefits of buying and selling penny stocks are almost innumerable due to their cost effectiveness and ability to move beyond the penny stock market and into the more traditional trading floors. What in the past has given penny stocks a distrusting appeal has usually stemmed from individual investors and their lack of knowledge when pertaining to penny stocks. Unlike bigger companies which can afford to have higher stock prices due to production capability and established years of existence; most penny stock companies are newer companies that are often underfunded and selling off stock in order to jump-start or regain their legacy.

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