FYI: When looking through the S&P 500′s index members recently, we noticed that 121 stocks in the 500-member index had triple-digit share prices ($100+). We’ll go out on a limb and say that there’s never been more stocks trading above the $100/share mark. While share price really has no bearing on valuation, it’s still a bit eye-popping to see so many $100+ stocks. At the end of the last two bull markets (10/9/07 and 3/24/00), there were just 30 stocks trading above. $100/share.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/the-rise-of-the-triple-digit-stock/
