Here are the best and worst of 2013
Hail the glorious and wretched achievements of some less-than-familiar financial players.
By Karen Riccio
You've probably already read about how the stock market finished 2013, but let me capsulize it for you: The Dow Jones industrials ($INDU) and the Standard & Poor's 500 Index ($INX) ended the year with record closes and the biggest gains in 18 years.
Meanwhile, the Nasdaq Composite Index ($COMPX) closed above the key level of 4,000, a first since 2000, back on Nov. 26 and ended the year at 4176. The trio closed out the year up 26%, 29% and 38%, respectively.
That said, here are some weird highs and lows that you may not read in mainstream headlines -- but are strangely compelling, nonetheless.
The biggest one-day bang
After Electromed (ELMD) announced Tuesday that the U.S. Food and Drug Administration cleared its next generation SmartVest Airway Clearance System to be sold on the market, its stock soared 62% to a 52-week high of $3.50 a share on the last day of 2013.
ELMD touched its 52-week low on Sept. 9 (90 cents a share) and rose 288% to close out the year. The product is prescribed for patients with a wide range of pulmonary-related health conditions and should be available within the next 60 days.
More than 200 companies raised $54.9 billion in initial public offerings in 2013, with an average return of 36%. This new addition to the Nasdaq Biotechnology Index beat them all as the top-performer in 2013, finishing up 961% since its June IPO. PTC Therapeutics (PTCT) is a $454 million company that develops drugs for treating genetic and neuromuscular diseases, cancer, and other serious diseases.
Prospect Global Resources (PGRX), a company involved in the exploration, development, and mining of natural resources and related fertilizer materials and products in the U.S., owns the dubious distinction of losing 97% of its stock value in 2013. It opened the year at $72, rose to $91 in February, and plummeted to $1.74 by Dec. 31.
Specifically, it has interests in the Holbrook potash project across approximately 90,000 acres in the Holbrook Basin of eastern Arizona. The Denver company expects to complete a final feasibility study for the project by the end of 2014 with construction beginning 2015.
Best one-day shopping spree
As China embraces e-commerce and vows to overtake the United States as the leader, Alibaba Group, the country’s largest company, broke a one-day sales record on Nov. 12 with $5.75 billion worth of goods sold in a 24-hour period on two platforms: Taobao and Tmall.
Based in Hangzhou, China, Alibaba provides an online marketplace for consumers and businesses to buy everything from A to Z. The intriguing news for investors in the U.S. is that the company may be listed on the NYSE in 2014 and valued as much as $190 billion or $86 billion more than Facebook's IPO.
Worst stock market prediction for 2013
Economist Harry Dent has certainly made his share of predictions that came true, but he was completely off course with this one, published at worststockmarketcrashes.com on Sept. 18, 2011. The article stated that Dent told CNBC that he sees a "cataclysmic drop in stock prices that's going to erase more than 70% of the market’s value by 2013," with the Dow Jones Industrial Average plunging to 3,000 points.
The DJIA closed out the year at 16,576.66. By the way, Dent was one of many who predicted a crash in 2013. So much for crystal balls.
More from Traders Reserve
- 4 stocks that score big from consumers' New Year's resolutions
- What's ahead in 2014 for last year's hottest stocks?
- 5 easy ways to squander your nest egg in 2014
In 2014 it will be deja vu as well as in the foreseeable future.
Bank on it!
jesus! pick a penny stock and see it go up a smidge and classify it as the larest one day gain!
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
Serious issues like drought and the deterioration of the developed world spell opportunity for this industry leader.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.