Are you curious about the most successful penny stocks in history? Then there is no need to look further because we are going to reveal some secrets in this post. You will be amazed to know that many multinational corporations have traded as penny stocks.
So, what are those big names in the list of the most successful penny stocks in history? What are today’s large corporations that were once traded as penny stocks? Let’s dive deep and find out!
The most successful penny stocks in history
Undoubtedly, it is remarkably surprising to know that many of today’s big companies were once traded as penny stocks. These large corporations have mesmerized the world and have booked their places in the list of the most successful penny stocks in history. However, it is a very rare phenomenon and you rarely find a penny stock becoming a big company with a share price of more than $5. But, that doesn’t mean either that it isn’t possible. It is possible because history testifies the fact that penny stocks became big companies.
So, what are the most successful penny stocks in history? What are the companies that covered a remarkable journey from penny stocks to stocks valued at more than $20, $50, and even $100? These are the following companies.
Amazon is undoubtedly the world’s largest company in the eCommerce sector. I don’t think it needs any introduction because everyone knows about Amazon. Its current net worth is above $1.4 trillion and its share price is $3,089 in April 2022. However, most people don’t know about the fact that the largest eCommerce business in 2022 belonged to penny stocks almost two decades ago. Amazon’s share price was below $2 in 1997-98. Afterward, the world witnessed how the company grew and flourished to stand in the ranks of the best in the business. Now, Amazon is among the world’s biggest and richest companies. That’s why it is among the most successful penny stocks in history.
2. Apple Inc.
Apple is one of the world’s largest tech companies in 2022 with stocks trading at around $170. That is amazing. However, this wasn’t the case when the company started operations. No one knew that this company would achieve such success. In fact, no one predicated on Apple’s success even after the company went public. Apple’s stock price was under $1 back in the early 2000s.
That is quite an astonishing return. The rise from 70 or 80 cents per share to $170 per share is simply remarkable. However, no one could possibly predict such a success two decades ago. So, Apple Inc. is easily among the most successful penny stocks in history.
3. Ford Motor Company
Ford Motor Company is now a highly successful automobile manufacturer with a valuation of more than $140 billion. Its stock is currently traded at $15. However, this billion dollars worth wasn’t like this a couple of decades ago. Ford’s share price was in penny stocks territory a few years ago. It progressed and flourished at a remarkable pace. Although its current share price isn’t higher and is close to penny stock prices, it is a big company anyhow. That’s why Ford Motor Company is among the most successful penny stocks in history.
4. True Religion
True Religion is among the world’s most popular clothing brands. Its current net worth is around $400 million and its stock price is around $28. However, this clothing brand having revenue in millions was also among penny stocks. Its stock price was below $1 during the early and mid-2000s. True Religion progressed at quite a pace. That’s why it books its place in the list of the most successful penny stocks in history.
5. Monster Beverage Corp.
Monster Beverage Corp is among the world’s most popular and largest beverage brands. The corporation owns several subsidiary companies as well and has a net worth of around $6.27 billion. The current stock price of Monster Beverage Corp. is $81.62 in April 2022. However, this wasn’t the situation a few years ago. Its stock price was below $1 during the early 2000s. That means Monster Beverage Corp. made substantial success and its share price plummeted in 15 years or so. It is a very rare phenomenon and you rarely see such a case in years. That said, Monster Beverage Corp. can easily book its place in the list of the most successful penny stocks in history.
6. Medifast Inc.
Medifast Inc. is among America’s largest nutrition and weight-loss companies. It produces and sells health-related products through multiple sources. The company’s current net worth is around $2.5 billion and its current share price is $179.72. However, Medifast was among the penny stocks just twelve or thirteen years ago. Its share price was less than $5 in 2008. But the fact is Medifast made gigantic success. From being unknown to becoming one of the best companies is a huge jump. That’s why Medifast Inc. is among the most successful penny stocks in history.
7. Pier 1
Pier 1 Imports is one of the biggest companies specializing in home furnishings and decor. The net worth of this company is $656.3 million. Although its current share price is falling within the penny stock threshold, its price has remained at $31. However, this wasn’t the situation throughout the company’s history. It has faced several ups and downs. Once it belonged to penny stocks and then broke out of that range. Now, it has again fallen within the penny stocks range. Whatsoever, we cannot deny the fact that Pier 1 is among the most successful penny stocks in history.
8. Turtle Beach Corporation
Turtle Beach Corporation is among the most prominent gaming accessories manufacturers. Its net worth is reported to be $0.36 billion in 2022. Whereas, its share price is $20.72 in April 2022. However, Turtle Beach Corporation was also among the penny stocks with a share price under $2 in 2018. The share price plummeted in months to reach $30 per share. This is a remarkable rise and you will see very rarely in history. But it is the fact that Turtle Beach Corporation made this possible. That’s why it easily books its place in the list of the most successful penny stocks in history.
Xerox is another big company that has experienced numerous ups and downs. The company offering digital printing solutions is one of the largest in this particular industry. It is currently operating in more than 160 countries. The share price of Xerox reached as high as $168.48 in 1999 from the penny stock range. However, the company faced a huge setback and its share price decreased to just under $10 per share within two years. However, Xerox managed to rebuild itself. Now, its share price range is between $17 to $26. Its most recent share price is $19.19 and the company has total assets of $14.74 billion. This is a marvelous journey of ups and downs. That’s why Xerox is also among the most successful penny stocks in history.
10. Advanced Micro Devices
Advanced Micro Devices is among the most successful and popular semiconductor companies. The company develops computer processors and various other related tech components for businesses and consumer markets. The current share price of Advanced Micro Devices is $101. The net worth of the company is $12.4 billion. These stats are astonishing. The fact that Advanced Micro Devices was also once among penny stocks mesmerizes everyone. This company started its journey from penny stocks and now is among the most recognized and valued semiconductor companies. In fact, everyone perhaps knows about AMD. That’s what makes Advanced Micro Devices among the most successful penny stocks in history.
11. Novavax, Inc.
Novavax, Inc. is among the world’s largest biotechnology companies. The company’s current share price is $60.63 and its net worth is reported to be around $4.76 billion. Moreover, it is also important to note that Novavax, Inc.’s share price reached $150. That is quite amazing because the company’s share price was just $3.54 and it made almost 40X progress. That’s why Novavax, Inc. is also among the most successful penny stocks in history.