3/16/2023 0 Comments Penny stocks that will skyrocket![]() ![]() However, on February 23, 2022, Finra, the regulator of brokerage firms and exchange markets, stated that penny stocks were trading 70% lower than the all-time high they reached last February. Penny Stocks in 2022Īfter trying their luck with meme stocks and cryptocurrencies, retail investors flocked to penny stocks in 2021. (NASDAQ: HOOD) normalized retail investing amid nationwide lockdowns, and individuals who had no means of leisure activities used the platform to trade in penny stocks, which were attractive to amateur traders owing to their ridiculously cheap prices and the chance of high returns that they offered regardless of the stock's underlying fundamentals. During the peak of the COVID-19 pandemic, the trading platform Robinhood Markets, Inc. Penny stocks are usually preferred by retail and amateur investors, who are looking to indulge in inexpensive trades that offer the potential for increasing their wealth many times over.Īlthough there is always a risk of fraud and losses when trading in penny stocks, there is also the potential for exorbitant gains if the companies go on to be listed on large exchanges. These stocks often display a high level of volatility and risk, and are usually priced under $5, but these companies also tend to have monumental growth plans and strong forthcoming catalysts that can support major share price appreciation. Penny stocks typically represent small companies that are either just getting started or are struggling to grow their business. If you want to skip our detailed discussion on penny stocks, go directly to 5 Penny Stocks with Upcoming Growth Catalysts. In this article, we discuss 10 penny stocks with upcoming growth catalysts. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |