The Fool Portfolio purchased 2010 shares of Iomega (NYSE:IOM) at a split-adjusted price of $2.52 on May 17, 1995.
[NOTE: In November, 1996 Iomega moved from the Nasdaq to the NYSE, and the stock symbol changed from IOMG to IOM.]
We made the twelfth trade in the Fool Portfolio on Wednesday, May 17, 1995, as we could no longer ignore the flurry of activity in our Iomega message folder. A stock that no Wall Street analysts follow is one of the best covered stocks in Fooldom, and our readers had argued an amazing bull case. We bought 335 shares of Iomega at the market open. The order was promptly filled at market open at $14 7/8, a quarter point above the previous day's closing ask.
ACTION # STOCK PRICE COMS'N COST BASIS Bought 335 IOMG 14 7/8 80.00 5063.13Sell Stats:
We sold part of our Iomega holding on April 17, 1997:
ACTION # STOCK PRICE COMS'N PROCEEDS Sold 1030 IOM $18.375 $?? $18,926.50
We sold the remainder of our Iomega shares on Dec. 17, 1999:
ACTION # STOCK PRICE COMS'N PROCEEDS Sold 1960 IOM $3.8125 $8.00 $7,480.50