While there are companies out there like that, we concern ourselves with only upstanding companies. When many people think of penny stocks, they think of some flybynight company with shares of stocks that trade for fractions of penny. In this case, penny stock is any companys stock that trades for less than 5. 00 per share. In fact, Microsoft was 5. 00 stock at one time!

Many of these stocks trade on NASDAQ, as well as the New York and American Stock Exchanges. There are literally thousands of fine companies that have share price under 5. 00 per share. In fact, Microsoft was 5. 00 stock at one time! Click here to find out more about penny stocks and their investment value.. When many people think of penny stocks, they think of some flybynight company with shares of stocks that trade for fractions of penny.