A Glimpse Into Stock Market History: The Top 10 Highest Stock Prices Ever Recorded
Stock markets have always been a source of fascination, intrigue, and investment for individuals across the globe. The history of stock prices is filled with remarkable stories of triumphs and setbacks, reflecting the ever-changing dynamics of the financial world. While high stock prices alone do not guarantee a company's success, they offer an interesting lens through which we can explore the journey of these enterprises. In this article, we delve into the top 10 highest stock prices ever recorded in history, from Berkshire Hathaway's remarkable ascent to the historic heights reached by General Motors.
1. Berkshire Hathaway ($445,000)
Warren Buffett's Berkshire Hathaway commands the number one position, with an impressive near half-million-dollar stock price. Berkshire Hathaway is the holding company of the legendary investor Warren Buffett and boasts a diverse portfolio of subsidiaries, including GEICO Auto Insurance and Helzberg Diamonds. The company also holds significant stakes in industry giants like Apple, Bank of America, and Coca-Cola. Berkshire Hathaway A shares (BRK.A) currently trade at $402,836 per share as of October 11, 2022. For those seeking a more affordable option, the company's B shares (BRK.B) are available at $267.31 per share.
2. Lindt & Sprüngli ($118,400)
Swiss chocolatier Lindt & Sprüngli holds steady at number two with its six-figure stock price of $118,400. Lindt & Sprüngli is renowned for its delectable chocolates, including the iconic Lindt Gold Bunny, truffles, and smooth chocolate-filled delights. The company's brand portfolio encompasses Russell Stover, Lindt, and Ghirardelli, and it operates on a global scale with over 14,000 employees and annual sales exceeding $4.6 billion as of 2021. On November 9, 2021, Lindt & Sprüngli's stock reached its peak price, although it subsequently dipped to $97,750.64 by the close of trading on October 11, 2022.
3. Next PLC ($8,484)
Next PLC, a British clothing retailer established in 1981, secured the third spot on our list with a historic stock price of $8,484 on September 30, 2021. This retailer, with over 500 retail stores in Europe and franchised stores in 36 countries, also operates a substantial online presence, selling a wide range of brands. As of October 11, 2022, Next PLC's stock remained strong at $5,017.67.
4. NVR ($5,308.48)
NVR, a homebuilder operating under various brand names like Ryan Homes and NVHomes, reached an all-time high of $5,308.48 in mid-2021. The company operates across multiple states, building and selling homes while also offering mortgage financing and title insurance. Although the global crisis affected NVR, causing a nearly 50% price drop in March 2020, the company recovered most of those losses within a few months. As of October 11, 2022, the company's stock stood at $4,167.68. NVR seemed to benefit from the historic increase in home prices and the seller's market during the pandemic, as well as the related shortage in lumber and construction materials.
5. Seaboard ($4,699)
Seaboard Corporation, a multinational corporation primarily focused on agriculture and transportation, claimed the fifth position on our list. The company's core businesses include Seaboard Foods, a major grain and agricultural product producer in the U.S., and a marine division providing shipping services to the Caribbean and Central and South America. In April 2019, Seaboard's stock reached a record high of $4,699 per share, but as of October 11, 2022, it was trading at $3,519.77.
6. Amazon ($3,773)
Amazon, one of the most prominent companies in the world, had its stock price hit $3,773 as of July 2021. The company initially experienced a setback during the 2020 bear market but rebounded swiftly as consumers increasingly shifted to online shopping. Founded by Jeff Bezos, Amazon offers an extensive range of products and services beyond its roots as an online bookstore. With an array of offerings spanning e-commerce, cloud computing, entertainment, and more, Amazon continues to be a market leader.
7. Alphabet ($2,670)
Technology giant Alphabet, best known for its Google search engine, reached a record high of $3,037 in November 2021. Google, a subsidiary of Alphabet, generates substantial revenue through advertising, publishing tools, and the Android operating system. Google's suite of products and services encompasses a wide array of offerings, making it a dominant force in the technology sector.
8. Calumet and Hecla ($1,000)
Calumet and Hecla, a copper mining business established in Houghton County, Michigan, achieved a historic stock price of $1,000 in 1907. In 1906, the company produced nearly 100 million pounds of copper, propelling its stock to unprecedented heights. However, the company closed permanently in the 1930s.
9. Apple ($702.10)
Apple, the maker of iconic products like the iPhone, Macintosh computers, and the iPad, reached its all-time high stock price of $702.10 in September 2012. Despite experiencing significant fluctuations, Apple's stock remained a prominent fixture in the tech industry. The company underwent a 7-to-1 stock split in 2014, which adjusted the price per share. Still, $702.10 remains the all-time high for Apple without adjusting for splits.
10. General Motors ($697)
General Motors, an iconic automaker, achieved a record-high stock price of $697 per share in September 1916. GM, which led the automobile industry in innovation and complexity, faced challenges as the market for new automobiles dried up in the aftermath of World War I. In 2009, the Great Recession led GM to file for bankruptcy, but it later emerged with the federal government holding a significant stake in the company.
These 10 companies have etched their names in the annals of stock market history with their remarkable stock prices. While some have maintained their positions at the pinnacle, others have experienced turbulence and transformation. Nevertheless, their journeys provide valuable insights into the dynamics of the stock market and the resilience of businesses across different sectors.
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