Dow And S&P 500 Stocks Under $10

With the media discussing the six stocks that fell beneath $10 in the Dow Jones Average (^DJI), let’s also compare that to the number and percentage of stocks that have fallen beneath $10 per share in the S&P 500 (^GSPC) - you can also use this chart as a quick reference.

Stocks Under $10 on the S&P 500 Index (as of March 6, 2009):

(You’ll need to click to see the full list)

As of noon EST on March 6th, 120 - 24% - of the S&P 500 stocks traded less than $10 per share.  That’s almost 1 in 4 stocks are currently trading less than double-digits.

Big names AIG (AIG), eTrade Financial (ETFC), Office Depot (ODP), and Citigroup (C) comprise a list that trades less than $1.00 per share (technically, Citigroup traded at $1.02 at the time of the screen capture).

The three highest priced stocks in the index were the Washington Post (WPO) ($320), Google (GOOG) (just above $300) and CME Group (CME) ($179).  Only two more stocks traded above $100 (Autozone (AZO) and Mastercard (MA)) making 5 out of 500 stocks trading above $100 per share (1%).

How about the Dow Jones?

Six (out of 30) stocks now trade less than $10 per share, making that 20% or one in five.

No stocks trade above $100 per share, and the three top-priced stocks are IBM (IBM) at $86, Exxon-Mobil (XOM) at $62, and Wal-mart (WMT) at $49.

Looking at lists of companies that comprise the popular indexes can give us a better perspective than index charts sometimes.

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