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

What the Fiscal Cliff Looks Like in Graphic Form

Here is what the S&P 500 looked like for most of the day. What a way to end the second to the last trading day of the year.

Chart courtesy of Yahoo! Finance (YHOO).

Why are Tech Stocks Kicking Butt Amongst all the Fiscal Cliff Drama?

This is a guest blog from Rachel Fox, successful young stock trader, actress, and head blogger for Fox on Stocks. She recently provided Stockerblog.com with an extensive interview about stock trading. Check it out.

Why are Tech Stocks Kicking Butt Amongst all the Fiscal Cliff Drama?

In the stock market, nothing is ever true straight across the board. While there are some exceptions to this pattern, I’m seeing a ton of technology stocks doing well. While other stocks are falling because of the Fiscal Cliff, pumping and dumping and going crazy, over the past month, many tech stocks are dodging the bullets and doing just great.

Take a look at these numbers:

Facebook (FB): Up more than 18% over the last month, quite surprising after the post-IPO lock up expired on November 14th.

Yahoo (YHOO): Up more than 25% over the last 3 months, while the S&P dropped 3% over the past 3 months. Go Marissa!

Research in Motion (RIMM): Up more than 53% this past month. Sounds like a cheesy lounge night club.

Zynga (ZNGA): Up more than 4% this past month

They all happen to be in the technology sector and have all out performed the market by a very nice amount.

Q: Why did this happen?

A: Matt Gohd, senior managing director at WallachBeth Capital says, “Find a group of stocks that everyone hates, that are down significantly, and buy them,"

This seems to be what happened here. These technology stocks had been beaten down so much and had such low expectations, that when the tiniest piece of good news came out, the result was a nice bump in the stocks price.

What’s the moral of the story?

Even in troubled economic times, you can buy and sell stocks and make money. You may have to look to unpopular or downtrodden stocks to pick your Long Buy position, but those opportunities to make money are always there.

Check out the Rachel Fox interview about stock trading.

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