3 Penny Stocks Robinhood Investors Love: Are They Buys?
Once upon a time, penny stocks only cost pennies. However, the U.S. Securities and Exchange Commission (SEC) later changed the definition of penny stock from one that trades for under $1 per share to a stock that trades for under $5 per share.
Robinhood investors especially seem to like penny stocks these days. Fifteen of the 100 most popular stocks on the trading platform currently trade for less than $5 per share. Several even meet the original penny stock definition of having a share price of less than $1. Here are three such penny stocks that Robinhood investors love -- and whether or not they're smart picks to buy now.
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Source Fool.com
