It is clear that the $5-$9.99 range is superior to other price groups - especially the one right below it ($3.00-$4.99). Also, the sample size is several hundred for each group, so there isn't much doubt left.
We've speculated on this before, but the most logical explanation is that more people are willing to buy a stock when it breaks $5.00 than before it does.
Shown below are the 8 contests and the returns for each price group in each contest.
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