Stock Market Today - Top Stories From Around The Internet - July 12 2021
3 Former Penny Stocks To Watch This Week As Earnings Season Kicks Off When it comes to penny stocks, the average person is likely trading them. Why would anyone want to invest in penny stocks? They’re high-risk, extremely volatile, and usually involve companies with uncertain futures. The companies in this category are usually either early-stage or ones that’ve fallen on hard times. Look at many of the penny stocks from last year during the pandemic. You had industry juggernauts that traded at much higher prices fall below the $5 mark. On the other hand, you also had lesser-known names capitalize on the virus to leave the land of penny stocks for good ultimately. Now, I’ll be the first to say that investing in penny stocks can be hard. The fact that you’d be looking to buy and hold a stock trading for under $5 means small price fluctuations equate to big percentage changes. The $2 penny stock you own now needs to go up by 40 cents to return you a 20% gain. The flip side to that is a m...
Comments
Post a Comment