Hi there,
IMO, there is absolutely no benefit to choosing a stock with a certain dollar price attached to it. A stock that trades at $1,000 has just as much of a chance of doubling your money than a stock that trades at $1.00. An investors should never buy a stock based on price alone - stick to fundamentals. I understand there is sometimes a desire to find lower stock prices because you can buy more shares of said stock, but in the grand scheme of things it is mostly irrelevant. It would never factor in any of my criteria for selecting a stock.
The only reason why you would want to own x amount of shares is if you wanted to write options against your position. In that case, you would need 100 shares for a contract and thus, would need a certain price point depending on your capital. Granted, still is not a reason to buy a stock in the first place.
Mat