Penny Stocks that Went Big |
Posted: November 28, 2017 |
These penny stocks that went big are the kind of dream and expectations of most investors when looking for penny stocks to buy. There are been several cases of penny stock companies that have rewarded investors with big gains with explosive growth often toppling over several thousand in percentage increase. In this article, we’ll briefly discuss some of these stocks that went from being lowly penny stock companies to prominent performers on Wall Street with top-performing stocks on the stock exchange.
Monster Beverage (MNST: NASDAQ) Many people would not believe that the popular Monster Energy Drinks of today once traded under $1. The company has a long history and was founded as Hansen Natural in 1935. The 80 years period after this saw the company witnessing steady growth and with the breakthrough in the energy drinks sector of the last decade, the company became a force to reckon with. With popular products in the markets, the company today is now worth over $32 billion and the share price is around $56. You’d be surprised that Monster Energy traded and closed with 69 cents in December 1995. This is one of those penny stocks that went big and it is a dream for every investor.
Medifast (MED: NYSE) Still, on penny stocks that went big, Medifast is another popular example. The company develops disease and weight management products and has thrived where a lot of others seem to have failed. This industry is highly competitive and its share price, despite being volatile has experienced an upward trend for years. Investors have mostly been skeptical about the weight loss industry and it was not until 2000 that Medifast got the trust of many investors. It will surprise you that 17 years after Medifast traded at 14 cents. It now has a stock price of $55 and a market capitalization of about $700 million. In 2010, Forbes even listed Medifast as the leading small business in America. The penny stock company had gone from its lowly heights to higher grounds.
Sirona Dental Systems (NASDAQ: SIRO) Another example of penny stocks that went big is the Sirona Dental Systems. The firm manufactures dental equipment and the last decade has seen it grow consistently and now with a market capitalization of $6 billion. The stock is currently trading around $110, its all-time high and has seen investors massively rewarded. Sirona Dental Systems stock price has risen by an astonishing 1480% since 2003. The company closed the year 2000 with a stock price of 27 cents. Sirona is one of those examples that shows that long-term small capital investment still has profit potentials.
Looking at all three above, you’ll see what they have in common. This is a lowly beginning as a penny stock. However, these penny stocks went big and became big game players on Wall Street. These stocks are perfect examples of the long-term profit potentials of penny stocks trading. It is not easy to spot these stocks and would normally require you to be armed with the necessary information from experts and stock market veterans. Beginners looking to learn stock trading as well as traders looking for tips on lists of penny stocks to buy can take advantage of several online trading sites like Awesome Penny Stocks and some others. Wherever you get your tips and picks from, be sure they have a proven track record like that of Awesome Penny Stocks. You can Benefit from the tips, picks, and guides and you never can tell if you’ll gain in later years from those penny stocks that went big.
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