Were stocks like Apple or Nvidia previously regarded as penny stocks when they were priced so low 20+ years ago?

Question

Are there stocks available now that are priced low that could increase the same amount?

In: Economics

Answer 1

They weren’t penny stocks, but they were low. I have a personal relevant story about this.

When I was in high school, for Christmas one year among other things as kind of a neat oddball present my dad bought and me and brother each one share of stock from a company we each liked. My brother got one share of Kristy Kreme which was pretty quickly delisted. I got one share of Apple stock. This was 2001.

Over the next twenty something years that one share split 2-1, 4-1, and 7-1. It eventually became 56 shares valued in the hundreds of dollars each. I just recently sold the whole bundle for a little over $11,000 as part of a down payment on my first house.

Thanks dad.