A Look at the Patterns for 1997's Winners and Losers
The year 1997 will go down in the record books in several ways. Not only did the major market indexes move into uncharted waters, but also it was the third year in a row that the Dow Jones industrial average rose 20% or better, an achievement never done before.
However, one market phenomenon that occurred in 1997 occurs every single year—some of the best gains in individual stocks came from those that were low-priced (from below $20 to below $5).
Table 1 lists the top 10 New York Stock Exchange winners for 1997.
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