The Stock that Traded for $1,512,500 per Share

Many people think that Warren Buffett's Berkshire Hathaway stock (BRK-A) is the highest priced stock that ever traded, as it currently sells for $155,114 per share. There are a couple of California bank stocks that trade for more than $10,000 per share. Then there are stocks like Bactolac Pharmaceutical (BTCA) is a company which makes and distributes vitamins, nutraceuticals, and private label nutritional supplements. The stock last traded at $100,000 per share on December 21.

Hwever, none of these stocks come close to the real winner. The company is Yahoo! Japan Corporation (YAHOY). According to the Shareholder Relations department for the Yahoo! Japan company, the highest price of the stock was 167.9 million Japanese Yen on Feb. 22, 2000, during the dot com boom. If you exchange the amount of Japanese Yen into US dollars at the exchange rate at that time (Approx USD1=JPY111.01), it was approximately $1,512,500 per share. Now the stock is down to 13.95 per share.

Yahoo! Japan is a Japanese Internet company formed as a joint venture between the American Internet company Yahoo! (YHOO) and the Japanese internet company SoftBank (SFTBF). It was founded in 1996 and is headquartered in Tokyo, Japan.

Disclosure: Author owns YHOO.

By Stockerblog.com

Did a Stock Really Trade for Over $1,000,000 a Share?

What do you think was the highest priced share of stock ever to trade? And what do you think that share price was? If you think it's Warren Buffett's Berkshire Hathaway (BRK-A) (BRK-B), you would be wrong.

The company was Yahoo! Japan Corporation (YAHOY) (YAHOF), according to StockMarketTrivia.com. A representative for Shareholder Relations for the Yahoo! Japan company stated that the highest price of the stock was 167.9 million Japanese Yen on Feb. 22, 2000. If you exchange the amount of Japanese Yen into US dollars at the exchange rate at that time (Approx USD1=JPY111.01), it was approximately $1,512,500 per share.

Yahoo! Japan is a Japanese Internet company formed as a joint venture between the American internet company Yahoo! (YHOO) and the Japanese internet company SoftBank (SFTBF). It was founded in 1996 and is headquartered in Tokyo, Japan.

For the latest quarter ending June 30, 2012, the company reported an earnings increase of 7.6% on an 8.0% rise in revenues. The stock trades on the JASDAQ and in the US in the over-the-counter market.

Disclosure: Author owns YHOO.

By Stockerblog.com