The most successful penny stock ever is a company called Tesla. Tesla went public in 2010 and was trading at around $17 per share. By the end of 2013, Tesla’s stock price had risen to over $200 per share. Tesla’s success is due to a number of factors, including its innovative technology, strong branding, and ability to execute on its vision.
2.1 True Religion (formerly NASDAQ: TRLG)
True Religion was founded in 2002 and quickly became one of the most popular premium denim brands in the world. The company’s jeans are known for their unique style, quality craftsmanship, and fit. True Religion also offers a wide range of other apparel and accessories, including shirts, jackets, hats, belts, and more.
True Religion went public in 2003 at $16 per share. The company’s IPO was extremely successful, raising $84 million. Since then, True Religion’s stock price has skyrocketed. In fact, it reached an all-time high of $32 per share in 2013 before splitting 2-for-1 in 2014. Today, True Religion trades for around $24 per share.
While True Religion is no longer a penny stock (it now trades on the Nasdaq exchange), it is still an incredibly successful company with a bright future ahead of it. If you’re looking for a high-quality denim brand to invest in, True Religion should definitely be at the top of your list!
2.4 Medifast Inc. ( NYSE: MED)
If you’re looking for the most successful penny stock ever, Medifast Inc. (NYSE: MED) is a great place to start.
Founded in 1980, Medifast is a health and wellness company that develops, manufactures, and sells weight-loss and diabetes-management products and services. The company’s products are sold through a network of more than 1,700 physicians and other healthcare professionals, as well as directly to consumers through its website and call center.
Medifast went public in April 2007 at $10 per share. Since then, the stock has skyrocketed more than 2,400%, making it one of the best-performing stocks of the past decade.
So what’s driving Medifast’s incredible run?
The key driver has been strong growth in demand for the company’s products and services. Over the past five years, Medifast has posted impressive sales growth of 20% or more in each year except one . This growth has been driven by both expanding awareness of the company’s products among potential customers and solid execution by Medifast’s sales team in converting those leads into paying customers.
2.5 Ford Motor Co. ( NYSE: F)
The company’s share price has risen steadily over the past few years, and it is now trading at around $12 per share. Ford has a strong brand and is a market leader in the automotive industry. The company’s products are well-regarded by consumers and its financial position is solid. Ford also pays a dividend, which provides some income for shareholders.
Investors who are looking for a well-established company that is trading at a reasonable price may want to consider buying shares of Ford Motor Company.
2.6 Apple (NASDAQ: AAPL)
When looking at the most successful penny stocks, a few come to mind. However, none have been as successful as Apple Inc. (NASDAQ: AAPL).
Apple is currently the world’s largest publicly traded company by market capitalization and one of the Dow Jones Industrial Average’s 30 components. The company designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players worldwide. Its products include i phone®, iPad®, iPod®, Mac®, Apple Watch®, and Apple TV®. In addition to its hardware offerings, Apple is also a major player in the software market with its macOS® operating system, i cloud®, iTunes Store®, App StoreSM, i books StoreSM, and more.
Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne on April 1 s t 1976. The company initially focused on developing and selling personal computer kits before releasing its first mass-produced computer – the Apple II – in 1977. A year later they introduced their now iconic Macintosh computer which helped to revolutionize the personal computing industry. In 1984 they released the first Macintosh with a graphical user interface which made it much easier for users to interact with computers compared to earlier command-line based systems like MS-DOS (Microsoft Disk Operating System).
The late 1990 s saw a decline in sales for Apple due to stiff competition from Microsoft Windows based PCs but this changed when Jobs returned as CEO in 1997 after being ousted 12 years earlier. Under his leadership Apple developed revolutionary new products such as the iPod music player , i phone smartphone , iPad tablet , MacBook Air laptop , App Store , i cloud service ,and more that helped return the company to profitability. Today it is estimated that there are over 1 billion active Apple devices worldwide being used by people of all ages making it one of most successful companies ever created.
2.7 Amazon (NASDAQ: AMZN)
Jeff Bezos’s brainchild was not always the e-commerce and cloud computing giant that it is today. In fact, Amazon was a penny stock for years after going public in 1997. After reaching $106 per share in 1999, the stock fell sharply during the dotcom bust and ended up trading as low as $6.11 in 2001. But Amazon slowly started to turn things around, and by 2007, its shares had risen above $70 again. From there, it took off like a rocket ship, reaching over $1,000 per share in late 2017. Today, Amazon is one of the most valuable companies in the world with a market cap of nearly $800 billion.
3. Overstock (NASDAQ: OSTK): Another company that got its start during the dotcom boom and then fell on hard times during the bust was Overstock. The online retailer went public at $13 per share in 2002 and then proceeded to lose more than 90% of its value over the next few years, bottoming out at just over $1 per share in 2006. But Overstock has also staged a remarkable comeback since then and is now trading around $30 per share after hitting an all-time high of nearly $88 earlier this year.
4.(NASDAQ: NFLX): While not strictly a penny stock anymore (it hasn’t traded below $5 per share since early 2005), Netflix still warrants inclusion on this list thanks to its incredible run from less than 50 cents per share to nearly$300 over the past 15 years or so. Like Amazon, Netflix started out as a DVD rental service before making the shift to streaming video content online – a move that has paid off handsomely for shareholders as Netflix has become one of the most popular entertainment platforms in existence today with millions of subscribers worldwide.