SP 500 Stocks Under $10

Mar 6, 2009: 1:07 PM CST

With the media discussing the six stocks that fell beneath $10 in the Dow Jones Average, let’s also compare that to the number and percentage of stocks that have fallen beneath $10 per share in the S&P 500 – you can also use this chart as a quick reference.

Stocks Under $10 on the S&P 500 Index (as of March 6, 2009):

(You’ll need to click to see the full list)

As of noon EST on March 6th, 120 – 24% – of the S&P 500 stocks traded less than $10 per share.  That’s almost 1 in 4 stocks are currently trading less than double-digits.

Big names AIG, eTrade Financial, Office Depot, and Citigroup comprise a list that trades less than $1.00 per share (technically, Citigroup traded at $1.02 at the time of the screen capture).

The three highest priced stocks in the index were the Washington Post WPO ($320), Google GOOG (just above $300) and CME Group ($179).  Only two more stocks traded above $100 (Autozone – AZO and Mastercard – MA) making 5 out of 500 stocks trading above $100 per share (1%).

How about the Dow Jones?

Six (out of 30) stocks now trade less than $10 per share, making that 20% or one in five.

No stocks trade above $100 per share, and the three top-priced stocks are IBM at $86, Exxon-Mobil (XOM) at $62, and Wal-mart (WMT) at $49.

Looking at lists of companies that comprise the popular indexes can give us a better perspective than index charts sometimes.

Corey Rosenbloom
Afraid to Trade.com


4 Responses to “SP 500 Stocks Under $10”

  1. Anonymous Says:

    DON’T FORGET IBM AT 85.81!

  2. Corey Rosenbloom Says:

    Thanks Anon!
    It must not have been part of the Scan I ran in TradeStation so I’ll have to go back and edit that.

  3. Anonymous Says:

    ALSO: JNJ AT 47.97, P&G AT 45.71, AND UTX AT 38.54

  4. Corey Rosenbloom Says:

    I should have gone ahead and listed all the Dow stocks, as there are only $30.

    I actually wanted to focus on the stocks that were under $10 but I wanted to add a little perspective by mentioning the top handful of stocks in both of these indexes.