Martha Stewart is an icon in the world of lifestyle and business. She has been a household name for decades, and her brand has been associated with quality, creativity and success. As one of the most successful entrepreneurs of all time, Martha Stewart has made a lasting impression on the lives of many. Her influence is seen in the success of her company, Martha Stewart Living Omnimedia, which has seen its stock price rise over the years. Here, we'll take a look at the Martha Stewart stock price history.
The Early Years
Martha Stewart Living Omnimedia was founded in 1997 and was initially traded on the NASDAQ stock exchange under the symbol MSO. The initial offering was priced at $18 per share, and the stock quickly rose to a high of $38 per share. Over the next few years, the stock price fluctuated between the high $20s and low $30s, with occasional dips into the high teens. During this time, the company was able to establish itself as a leader in the lifestyle and home decor markets.
The Mid-2000s
In 2005, the Martha Stewart stock price experienced a huge spike as the company partnered with retailer Kmart. The partnership meant that Kmart stores would begin to sell Martha Stewart-branded products, and the stock price jumped to nearly $50 per share. Unfortunately, the partnership was short-lived and the stock price fell back to the mid-$20s within a few months. In 2007, the stock price rose again, reaching a high of $50.75 per share, but then began a gradual decline.
The Great Recession
The Martha Stewart stock price took a nosedive during the Great Recession of 2008-09. As the recession worsened, the stock price plummeted to as low as $2.50 per share in 2009. This was a drastic decline from the high of $50.75 per share just two years prior. During this time, the company was forced to make major cuts in staff and expenses in order to remain afloat.
The Rebound
In 2010, the Martha Stewart stock price began to rebound as the economy slowly recovered. By 2012, the stock price had risen to $10 per share and continued to climb steadily over the next few years. In 2014, the Martha Stewart brand was acquired by Sequential Brands Group, and the stock price rose even higher. By 2016, the stock price had reached a high of $17.50 per share, and it has remained at this level ever since.
Martha Stewart's Continued Success
Today, Martha Stewart is still going strong, and her brand remains one of the most recognizable in the lifestyle and home decor industries. Her influence can be seen in the success of her company, Martha Stewart Living Omnimedia, which continues to see its stock price rise over the years. With her continued success, Martha Stewart has solidified her place as one of the most successful entrepreneurs of all time.
Conclusion
The Martha Stewart stock price history is a testament to the success of the Martha Stewart brand and her influence on the world of lifestyle and business. Over the years, the stock price has seen its ups and downs, but it has remained relatively stable over the past few years. With her continued success, Martha Stewart has solidified her place as one of the most successful entrepreneurs of all time.