Chimera Investment Corporation (CIM)

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Most investors, for various reasons, associate higher stock price with quality. There's been a trend to higher priced stocks in recent years, with quite a few issues trading at several hundred dollars per share. Forward splits have become less common.

Personally I assume that anything under $10 is questionable... a red flag; no doubt others do too. Under $5 is out of the question for me.

Note that most IPOs are priced from $10-$20. Wall Street probably figures that's the sweet spot for IPO "players." For older, more experienced, conservative investors the sweet spot is surely higher than that range.

It's would be pretty sad if CIM were worried about falling under a buck, the NYSE minimum.