If it seems like the really high-priced stocks out there have been soaring this year, it's because many of them have been. Below are charts of four widely traded high-priced stocks that have gone parabolic in 2012 -- Apple (AAPL), priceline.com (PCLN), Chipotle (CMG) and AutoZone (AZO). Intuitive Surgical (ISRG), MasterCard (MA), and CME Group (CME) are three other high-priced stocks that have also shot up in 2012. It's rare to see one stock go on a run like this, much less seven.
Below is a list of all of the Russell 3,000 stocks that started the year above $200/share. As shown, there were just 17 names in the index that cost more than $200/share at the start of 2012. While the stocks mentioned above (all >$200/share) have been soaring, the average YTD performance of all 17 stocks comes in at 9.63%, which is actually nearly 200 basis points less than the average YTD change of 11.49% for all Russell 3,000 stocks.
In fact, the 22 stocks in the Russell 3,000 that started the year under $1/share have done much better than the high-priced stocks. As shown below, these stocks are up an average of 31.27% in 2012.