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Posted on 11 March 2013 | 3,635 views

52 Week Highs in the 1929 Stock Market

When we look at stocks making 52 week highs such as Apple (AAPL — $364.90), Netflix (NFLX –$247.55), Priceline (PCLN — $515.64), Chipolte Mexican Grill (CMG — $278.00) or even Wynn Resorts (WYNN — $135.85) we think stock split but that wasn’t the case back in 1929. Although some companies did announce stock splits during that era, there were also many which liked to maintain a high stock price.

Maintaining a high stock price allows a company to access the capital markets by issuing more stock at these higher prices and bringing in more cash for the company to use in its business. A high stock price is also a sign of investor confidence in the company, as well as a necessary requirement to maintain a stock exchange listing or bring in institutional investors as holders of the stock.

Here is a list of “52 Week Highs” back in 1929 …

Allied Chemical – $354.50
AT&T – $310.25
Atchison Foundry – $298.625
Canadian Pacific – $265.875
Duke Power – $324.50
DuPont – $231.00
Eastman Kodak – $264.75
General Electric – $403.00
Goldman Sachs – $121.125
Singer Sewing Machines – $631.00
The Great Atlantic & Pacific Tea Company – $494.00
Union Pacific – $297.75
U.S. Steel – $261.75
Westinghouse Electric – $292.625

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