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Monday, October 27, 2014 4:14:28 PM
NO and wrong. Here is from Yahoo itself, you can look up any historical price on any stock going back as far as records are kept.
The price of Yahoo on 11/25/1996 was Open $17.63 per share. High of day $19.25 and low of day $17.38 and close of day $19.13 on volume of 6,734,400 shares traded.
NOTICE: On RIGHT HAND SIDE OF TABLE, the column labeled, "Adjusted close" and "*", that is the STOCK SPLIT ADJUSTED PRICE. Yahoo has split over 5 times since 1996 because it's market cap and value has GONE UP TREMENDOUSLY. Thus if one looks backward, on a chart that DOES NOT ADJUST FOR SPLITS, the price would appear as .80 cents. One has to UNDERSTAND what stock splits mean and so forth.
The legend at the bottom of the table, for that right hand column says the following:
* Close price adjusted for dividends and splits.
Again, Yahoo has never, ever, ever traded as a penny stock or even remotely close to under $1. About $8.50 a share is the lowest it ever traded in 2001 after the dot com bust, but it still had about an $8 BILLION MARKET CAP on that day. Yahoo has always been listed on the NASDAQ from the day it went public in 1996, and has NEVER been an OTC stock, not for so much as 1 second.
Here it is, RIGHT OFF YAHOO ITSELF- FACTS on a table of historical prices: 11/25/96, closed at $19.13 a share. PERIOD.
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