What are the most successful Penny stocks in history? Insider Monkey’s great article gives you the answer. Penny stocks had been known as actual stocks trading for “pennies” or under $1 per share, but the SEC defines a penny stock as a security issued by a very small company that trades at under $5 per share. The majority of penny stocks are trading over the counter, usually on the OTC Bulletin Board, but there are many cheap stocks that are trading on major exchanges as well.
Now without a further ado let’s see what Insider Monkey has investigated for us. We have picked three of the most successful Penny stocks in history from their list. The first one is Monster Beverage Corporation (NASDAQ:MNST).Back in 2003, maker of energy drinks Monster Beverage Corporation (NASDAQ:MNST) was known as Hansen’s Natural Soda and an investor could’ve picked up a share of Hansen at as low as $0.25 per share. However, since then the company’s sales have advanced and so did the stock price, which is currently trading at around $56 per share. The next one is GGP Inc (NYSE:GGP) that had been trading well above $40 per share before the financial crisis hit the stock market. Between October 2008 and April 2009 it slid in the penny stock territory trading as low as $0.40 per share at one point. The stock has quickly recovered after the crisis, but it is still trading below the pre-crisis levels, so it may have some more room to grow, although the decline of the brick-and-mortar stores might put some pressure on it. At last, but not least let’s check out Sirona Dental Systems, Inc. (NASDAQ:SIRO).
Back in 2000, Sirona Dental Systems, Inc. (NASDAQ:SIRO) was trading below $1.0 and over the next decade and a half the stock consistently appreciated. In 2015, the share price of the manufacturer of dental equipment topped $100 per share and the same year it entered into a definitive merger agreement with DENTSPLY International Inc.
For any further useful information, read Insider Monkey’s article about 15 most successful Penny stocks in history.
