A stock’s value is influenced by several factors. Earnings and other financial results are distinct. The law of supply and demand is the third. There are then a plethora of analyst reports and expert recommendations. The value of certain stocks is also influenced by the state of the market overall. Remember that a high stock price does not always translate into excellent quality. Stock prices are regularly inflated by dealers and investors. They may also be overstated if there isn’t a stock split. These stocks’ value has surged for unknown reasons. For most average investors, fractional trading is too costly unless they investigate it. More than a few shares of these would undoubtedly be out of reach for the average individual investor. Here are 10 of the highest stock prices ever recorded, along with some explanations for their incredible values.
1. GM, the automaker ($697.00)
The current price of GM stock is about $56. The business is situated in Detroit. Still, the storied American company has a long history; its stock was valued at than $700 once. From 1931 until 2008, when Toyota took dominance, they ruled the world auto market. For a very long time, GM was one of the most valuable companies in the world. In fact, General Motors’ stock reached its highest point in September 1916, trading at $697 a share. It was the world’s most expensive stock at the time.
Let’s move on to the Great Recession, which occurred in 2008 and 2009. For General Motors, declaring bankruptcy was an essential step. In May 2009, the stock price fell below $1. It has been steadily improving over the past 10 years. The company’s renewed commitment to electric vehicles is largely responsible for the stock price’s recent increase above $55 per share. It still has a ways to go after peaking more than a century ago.
2. Apple incurred $702 in expenses.
Apple has firmly taken the lead in technology these days. They are worth more over $2 trillion on the market. Significant milestones have been reached by the company’s shares since it went public in December 1980. In a garage, Steve Jobs co-founded the business in the 1970s. Over the years, Apple has divided its shares five times. They held their last 4-to-1 split in August of 2020.
Notwithstanding the several splits, Apple’s share price hit a record high in September 2012. The revelation came after the business declared a quarterly gain of 70%. The trading price peaked at $702.10. Apple divided its shares 7 to 1 in 2014 due to the significant increase in the stock price. Following the division of the company’s shares in the summer, buyers may now purchase Apple stock for a more affordable $135. Given how much demand there is for Apple goods like the iPad, MacBook, and iPhone, it seems likely that the stock will soon start rising again.
3. $1,000.00 from Hecla and Calumet
Hecla and Calumet are no longer in business. However, it was the world’s most prosperous copper mining corporation in the late 1800s and early 1900s. For the company, Houghton County, Michigan, was a gold mine. Because of their tremendous success in 1906, they were able to produce almost 100 million pounds of copper. Thanks to this accomplishment, a share of the company’s equity may bring as much as $1,000 in 1907—a significant sum at the time.
The company gave its stockholders dividends of $72 million between 1900 and 1920. Unfortunately, the copper boom proved to be a failure in the end. The last U.S. mines owned and operated by Hecla and Calumet shut down in 1970. In any case, that was a very successful run for the company.
4. I went to Chipotle Mexican Grill and spent $1,550.
Chipotle Mexican Grill is still one of the most well-known restaurant brands in the world. It is available as a franchise in a number of nations, including the US, UK, Canada, Germany, and France. Among the most well-known foods from the firm are tacos and burritos. It takes its name from the popular chipotle spice from Mexico. The firm has a great reputation because of its ethics and dedication to sustainability. For example, they advocate for the use of natural products and real animal flesh.
Based in Newport Beach, California, Steve Ells founded Chipotle in 1993. It now has over 2,500 restaurants in the United States alone, and it plans to continue growing rapidly. Ever since coming public in 2006, Chipotle’s stock has steadily climbed. Its value climbed by 3,400% from an initial price of about $42 to a peak of $1,550 throughout that time. At the moment, it costs about $1,470. Among the businesses on our list that has never divided its shares is Chipotle.
5. The $2,386 digital behemoth Alphabet
Everyone utilizes Alphabet’s top search engine on the internet. Google continues to be one of Alphabet’s main revenue generators, bringing in billions of dollars only from sales of advertisements each year. However, Alphabet isn’t only about search engines. This international business is working on a number of initiatives, including cloud computing, wearable technology, telephones, and driverless cars. By the way, it also owns YouTube.
Alphabet stock has been a prominent participant for over 20 years. Since going public in 2004, Alphabet’s stock price has risen 4,320% to over $2,386 per share. Alphabet has only divided its shares once, and that was in 2014 when it was divided in half. Following the split, the stock’s ascent continued uninterrupted.
$6,465 was made by Amazon.
At $3,465 a share, Amazon stock is simply too costly for the majority of individual investors. However, a significant number of Wall Street experts forecast that the world’s largest online retailer’s shares would have surpassed $4,000 by the end of 2021. The corporation and its stock have only profited from the pandemic’s store lockdowns and stay-at-home orders, which prompted everyone to buy even more stuff online.
Just as Google is so closely linked to search engines, Amazon is now almost synonymous with online buying. Despite all of that, Amazon’s stock hasn’t enjoyed a smooth ride. The formerly renowned online bookshop had its stock price fall below $10 in the wake of the late 2000 DotCom bubble crisis. Three consecutive splits of the company’s equity occurred after its 1997 IPO. However, Amazon has disregarded calls for yet another stock split for over 20 years. Their astronomically high stock price reflects that.
7. Ocean (3,605 dollars)
The stock price of Seaboard, a meat and agribusiness company, has decreased as a result of the global epidemic. In actuality, it has ascended to far higher altitudes at various times. Nonetheless, Seaboard’s stock remains quite expensive, trading at about $3,700 per share. Retail investors on a small scale will find that very expensive.
Prior to the pandemic, Seaboard’s 2019 stock price touched an all-time high of $4,650. Following that, the stock price saw a huge decline. Still, things appear to be improving once more. The Seaboard is one of the largest producers of grains and agricultural products in the United States. Grain products are processed and marketed globally by the company’s milling mills. They also have a prominent position among the top pork producers worldwide. However, the company’s “Butterball” turkey brand is probably its best-known offering.
