Famous Penny Stocks: Most Successful in History (2024)

Famous Penny Stocks: Most Successful in History (1)

Trading Education Guides Penny Stocks

  • By Lucien Bechard
  • Updated February 16, 2024

7 min read

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Some of us have probably heard of someone who invested in famous penny stocks and quadrupled their money. Or, what about that person making millions from investing in an undiscovered company that rocketed to the moon? Some invested their life savings and lost it all. There is no doubt penny stocks can be very risky and dangerous. However, with the risk comes the potential for massive rewards. Researching for this blog was fun; it gave me hope. Not all penny stocks are garbage; sometimes, it pays to hold on to them for the long haul. Three famous penny stocks once traded at penny stock levels (under $5).

Famous Penny Stocks: Most Successful in History (3)

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In this course, you’ll learn how to read day trading charts, premarket preparation, gauge buy and sell zones, scan for penny stocks to trade, and prepare for live day trading action.

Table of Contents

  • Famous Penny Stocks List
    • 1. Apple Inc. (NASDAQ: AAPL)
    • 2. Amazon (NASDAQ: AMZN)
    • 3. Monster Beverages NASDAQ: MNST
  • How to Spot Penny Stocks Before They Skyrocket
    • Be Wary of True “Penny Stocks”
    • Final Thoughts: Famous Penny Stocks

Famous Penny Stocks List

Here are some famous penny stocks that aren’t necessarilypenniesanymore. However, they can head back down to pennystock territory. Stocks like Pier One, Ford, and Sirius XM have started as pennies. We look at them now as potentially great trades. However, they’re not always moving like crazy. So keep that in mind.

1. Apple Inc. (NASDAQ: AAPL)

Did you know Apple was once a part of famous penny stocks?With humble beginnings, Apple was started by Steve Jobsin his parent’s garage when he was 20. As an unwanted, adopted,and bullied child, Steve most certainly wasn’t born with a silver spoon in his mouth.

Despite that fact, Apple has grown into a $2 trillion company with over 150,000 employees. Apple became the first company to record a market value of $2 trillion. Overall, their net worth as of 2020 is an impressive $65 billion.

Currently, Apple is the most valuable company in the world. Moreover, they’ve even surpassed Google, Microsoft, and the largest oilcompany in the world, Exxon Mobil.

It may surprise you – I know it sure did for me; Apple wasn’t always the industry giant we know today. But, shockingly, in 2003, AAPL was trading for under $1 a share; yes, you read that right! Now, Apple shares sell for around $150.

If you had the cahonas to buy, then you’d be sitting pretty. For example, $5000 invested in Apple would now be worth over $760,000 as Apple’s stock currently trades at over $152 per share. That’s well over a 15,100% gain for investors that held tight.

Apple is one of those companies you’ll likely want to have in your portfolio. I don’t think investing in Apple is a bad idea. Even if you don’t have the money to own shares outright, you can trade them for a fraction of the price. And no, I’m not making this up. All you need to do is check out our course options.

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2. Amazon (NASDAQ: AMZN)

Do you ever kick yourself for not investing in Amazon from day one? Itwas once a part of famous penny stocks. That’s right. When this behemoth went public in 1997, it would have cost you just under $2 a share.

That’s right, under $2 per share. On IPO day on May 15th, 1997, it was priced at $18.00 per share. And the ride was wild; it underwent several splits early, rapidly climbed to $5013.32 per share, then dropped to $1.02.

If you dropped $10,000 in Amazon when it made its IPO back in 1997, you would’ve paid $18 and secured 555 shares. Had you held onto those shares, your investment would be worth more than $1.9 million today! Wow.

Earlier this year, Amazon had over $3,500 per share. Crazy. That’s an insane increase since its IPO. Nothing more to be said. Boom.

3. Monster Beverages NASDAQ: MNST

I’m reasonably sure we’ve all heard of Monster Beverages. With a market cap of around $11 billion, you’d have to be living under a rock not to. As one of the most popular energy drinks on the market, Monster trades around $66 a share.

In 2003, savvy investors could have scored Monster shares for as low as $0.25. Instead, this former penny stock has seen massive gains for investors that have continued to hold for the past decade, hencewhy they’re a part of our famouspenny stocks list.

How to Spot Penny Stocks Before They Skyrocket

Has anyone gotten rich from penny stocks? Absolutely.However, it is unlikely unless you have experts to mentor you in pennystock trading. Unfortunately, I don’t have a crystal ball to predict famous penny stock prices; I’d be rich if I did.

But one thing I know for sure is that all stocks leave clues before they take off.

Here’s a great go-to checklist of clues and tips you may want to pay attention to:

1.) Any big percentage gainers should grab your attention.

2.) Look for stocks with highvolume.

3.) Any news catalyst makes things interesting.

4.) Look for spikes on the long-term chart.

5.) The golden clue: use a scanner!

COURSE
Famous Penny Stocks: Most Successful in History (5) Famous Penny Stocks: Most Successful in History (6) Famous Penny Stocks: Most Successful in History (7)
DESCRIPTION Learn how to read penny stock charts, premarket preparation, target buy and sell zones, scan for stocks to trade, and get ready for live day trading action
Learn how to buy and sell options, assignment options, implement vertical spreads, and the most popular strategies, and prepare for live options trading How to read futures charts, margin requirements, learn the COT report, indicators, and the most popular trading strategies, and prepare for live futures trading
INCLUDED Daily watch lists • Trade rooms • Trading scanners • Discord • Live streaming
Day Trading >
Daily watch lists • Trade rooms • Options scanners • Discord • Live streaming
Options >
Futures target levels • Trade rooms • Real time teaching • Discord • Live streaming
Futures >

Be Wary of True “Penny Stocks”

Many penny stocks are actual “Story stocks,” and because one person or group of persons can control the “float” or worse game or “pump” the stocks vis a vis IR and like promotion, they hope to cause an order imbalance and create the illusion, there is a sudden rush to buy “pumped” shares.

Why would someone do this? This goes to the heart of why one should be EXTREMELY careful – if not avoid – “betting big on penny stocks” – liquidity.

The OTC bulletin boards are not the same markets without a real market like NASDAQ or NYSE. The shares that trade on OTC are often illiquid, sans an IR promo, and the promoters are usually being paid with stock to hype it, but worse, they hope to sell into it! That’s right; they are betting you’ll be suckered into chasing this increasing share price, which, when at pennies, could look like 50% to 300% a day.

Realize that once the steam runs out and the pumpers have sold, you might be left holding the overinflated balloon of shares in your account. With no one to buy your shares, you stuck with them. And sadly, there is nowhere for the shares to go but down.

Final Thoughts: Famous Penny Stocks

Unless you had that ball, there was no way of knowing that Apple, Monster, or Google would have the astronomical success it had two decades ago as famous penny stocks. As they say, hindsight is always 20/20, so don’t beat yourself up for missing out. Because for every company like Apple, hundredsoftech penny stocks fail.What you can do is learn how to trade penny stocks. Not all of them are created equally, so Bullish Bears will help you identify the ones you want to trade.

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Famous Penny Stocks: Most Successful in History (18)

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Famous Penny Stocks: Most Successful in History (2024)

FAQs

Was Tesla once a penny stock? ›

Before they made it big, Apple, Microsoft, Netflix, Nvidia, and Tesla all started as penny stocks. You could have bought stock for pennies and sold it for hundreds, or even thousands, of dollars per share.

Was Amazon once a penny stock? ›

Some companies, such as Amazon (AMZN) originated as penny stocks but later grew into sizable blue-chip companies.

Has any penny stock made it big? ›

Monster Beverages NASDAQ: MNST

In 2003, savvy investors could have scored Monster shares for as low as $0.25. Instead, this former penny stock has seen massive gains for investors that have continued to hold for the past decade, hence why they're a part of our famous penny stocks list.

What is the fastest rising stock in history? ›

Which Stock's Price Rose the Most in One Day in History? Only one day after Meta Platforms experienced the largest single-day stock market loss in history, Amazon (AMZN) clawed back 14% and posted the single largest one-day gain in U.S. stock market history. The company's market capitalization grew by $191 billion.

How many penny stocks succeed? ›

According to a study by the Securities and Exchange Commission (SEC), the majority of penny stocks are speculative and have limited liquidity, making them difficult to sell. The study found that only about one in 1,000 penny stocks become successful mid-cap or large-cap companies.

Do penny stocks ever recover? ›

Penny stocks can provide significant returns, but they also come with a lot of risk, which may not be for everyone. Make sure you do proper research, understand the risks and only invest money you can afford to lose.

What if I bought $1000 shares of Amazon in 1997? ›

As impressive as that is, original investors in Amazon fare even better. If you had invested $1,000 during Amazon's IPO in May 1997, your investment would be worth $1,341,000 as of August 31, according to CNBC calculations. That's better than the so-called FAANG stocks, plus Ebay – which debuted in that same period.

What if you invested $1,000 in Amazon in 2008? ›

29, 2008 be worth today? We did the math. According to our calculations, AMZN stock has increased by 3,578.8% since that day. That means that a $1,000 investment would be worth $36,788 today.

Are penny stocks illegal? ›

Penny stocks are legal, but they are often manipulated. Penny stocks get their name because of their low share price. Any stock trading below $5 a share is generally considered a penny stock.

Has there ever been a successful penny stock? ›

Monster Beverages NASDAQ: MNST

In 2003, savvy investors could have scored Monster shares for as low as $0.25. Instead, this former penny stock has seen massive gains for investors that have continued to hold for the past decade, hence why they're a part of our famous penny stocks list.

How to find penny stocks before they explode? ›

One of the quickest ways to identify a spike in the making is to start by using your stock screener to find stocks that are already moving. You should be watching for news catalysts. With penny stocks, there are a lot of information inefficiencies.

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