This week has been all about little is big and big is little in terms of stock performance. Take the lists of best and worst performing S&P 1500 stocks since last Friday’s close. The first table below shows the 20 best performing S&P 1500 stocks since the close last Friday. The fact that there are more than 20 stocks in the S&P 1500 that are up over 20% already this week is notable in itself. Even crazier, though, is that when you look at the share prices of these stocks, all but seven have current share prices of less than $5 per share even after their gains this week, and the average share price of the 20 stocks listed is just $7.42. Also, as we noted in an earlier post, it’s not as if there are tons of stocks in the S&P 1500 trading below $5 per share. Heading into today, there were only 55 and 54 of them were up on the week.
Turning to the list of losers so far this week, while there are more than 20 stocks that are up over 20%, not a single stock in the index is down 20% and only eight are down more than 10%. Besides the fact that the stocks listed below are down so far this week and the ones above are up, the other major and pretty consistent difference between the two lists is their share prices. As of today, the average price of the 20 biggest losers so far this week is $135.74 which is more than 18 times the average share price of the biggest week to date winners. Start a two-week free trial to Bespoke Premium for our most actionable investment ideas.