Top 10 Most Expensive Stocks in The World in 2024

The financial crisis has hit the entire world. No one was able to escape its grip. Everyone felt the effect of it in one way or another. It is especially hard for investors who are trying to maintain their assets by investing into other assets, but what they did not expect is that even stocks can produce negative returns.

On June 27th, 2023, “Wall Street Journal” published a list of top 10 most expensive stocks at this time, which means that during the crisis these ten stocks lost their value more than averagely among all 1,500 companies traded on U.S exchanges Strongest World Currencies. Their share prices were down between 80% and 98%.

Their current market capitalization is around $10 billion dollars combined which is equal to annual deficit experienced by the State of Illinois.

Meet 10 of the Most Expensive Stocks in the World 2024

1. General Motors,   down 97.28% to $0.3118
2. UAL Corp.,   down 95.02% to $0.0562
3. Ford Motor Company ,        down 87.63% to $1.0927
4. Citigroup Inc.,   down 85.31% to $2.9688
5. Bank Of America Corporation ,       down 84,11% to $0,7968
6. AIG  Insurance  Corporation,   down 80,30 %  to $5 .0025
7. Sallie Mae  Corporation,   down 79.96% to $0.4010
8. Freddie Mac  Corporation,   down 78.82 % to $0.7493
9. Odyssey Marine Exploration ,       down 77 . 99 % to $2 .3586
10. Washington Mutual Inc.,        down 76 .00% to$ 0.0010
11. Morgan Stanley ,    down 74,02 % to  $3,5333
12. Bank America Corporation        -74,59%%

It is very difficult for investors in this kind of environment when they are losing more than 20% of their investment in a stock over the course of 57 days.

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Currently, all ten stocks are traded below $0.60 and their market capitalization is around $10 billion dollars combined.

• General Motors ,    down 97.28 % to  $ 0 . 3118                                        UAL Corp.,    down 95.02% to $0.0562
• Ford Motor Company ,       down 87.63% to $1.0927
• AIG  Insurance  Corporation,   down 80,30 %  to 1 8 .0025
• Sallie Mae Corporation,   down 79 .96 % to 5 . 4010
• Freddie Mac Corporation,       down 78.82 % to $0,7493
• Odyssey Marine Exploration   down 77 . 99 % to 2 3 . 586
• Washington Mutual Inc.,        down 76 .00% to$ 0.0010
• Bank America Corporation    -74,59%%

The top ten most expensive stocks in the world are currently General Motors Co., Ford Motor Company , Forex Companies in the World Citigroup Inc, AIG Insurance Corporation , Sallie Mae Corp., Freddie Mac Corp., Morgan Stanley , Washington Mutual Inc”Woodstock for Capitalists” ., Banc of America Corp and Discover Financial Services while many investors’ portfolios have taken a massive hit during the crisis.

• Statement: Identify two stocks on the list that you would not want to have in your stock portfolio.
• General Motors,   down 97.28% to $0.3118
• Morgan Stanley ,    down 74,02 % to  $3,5333

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I would not want to have either of these stocks in my stock portfolio because they are currently both trading below 60 cents and their share prices are very volatile which means that I do not know what the price will be tomorrow or even within a day’s time. One can never be sure about where it is headed.

Statement: Using the NYSE Composite Index as a benchmark, Binary options determine if the value of your stock portfolio decreased during this period.

AIG  Insurance  Corporation,   down 80,30 % to 1 8 .0025

My portfolio did not decrease because I didn’t have any stocks from the top 10 most expensive stocks in the world. However, I was able to sell my shares before they dropped so low and at a higher price which means that it is an advantage for me that I’m trading over-the-counter rather than on NYSE.

Statement: Would you recommend investing into these companies after their share prices drop dramatically? Why or why not? Explain

AIG    Insurance  Corporation,   down 80,30 % to 1 8 .0025

Most Expensive Stock in the World

I would not recommend investing into these companies after their share prices drop dramatically because they are currently trading very low and if the market stays like this for a longer period of time then I can be sure that my shares will also go down. Someone who is trading over-the-counter usually faces less risk than someone who is trading on NYSE where they have stocks from top 10 most expensive companies in the world. Also every investment Elliott Wave Forecast has an equal amount of risk attached to it.

Determining whether or not you should invest all your money into one stock depends on many factors such as how much money you want to risk losing, how much money do you have (the more you put in, the higher risk), how often do you trade (it is safer to buy and sell over-the-counter because there are less stocks out there), etc.

Statement: Using your stock trading knowledge, provide three reasons why these companies’ shares dropped so drastically over the last month.

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General Motors,   down 97.28% to $0.3118

General Motors dropped its share prices very low because it was reported that they will be cutting 14000 jobs by the end of the year which makes their outlook seem very bleak at this point. Ford Motor Company’s high number of recalls seems to be affecting them Pattern Detection as well since people are waiting for the new models that will be available. And Citigroup Inc’s performance in the third quarter was not so great which also contributed to their lower share price.

Statement: Using Microsoft and Google as examples, demonstrate how companies can maintain or increase their stock prices by cutting costs and becoming more efficient overall.

Microsoft  Inc., up 12.59 % to 24 .72

Google  Inc., up 19.53 % to 613 .30

Over time, Microsoft has managed to keep its share price high by showing continuous growth over the years and increasing market value; unlike Apple which hasn’t shown any substantial growth for a long period of time (Apple’s share price dropped from $700+ per share.

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