4 Penny Stocks Retail Investors Can't Stop Buying
Although retail investors have been investing side-by-side with Wall Street investment banks for more than a century, they've truly asserted themselves as a force to be reckoned with this year.
When retail investors collectively pile into (or out of) a stock, it tends to move. And if there's one thing retail investors love, it's a high-volume penny stock. A penny stock is a company whose shares trade below $5.
However, penny stocks usually trade at a low share price for a good reason, be it poor operating performance, a subpar management team, or perhaps both. Nevertheless, this hasn't stopped retail investors from piling into companies with puny share prices. According to data from online investing app Robinhood (NASDAQ: HOOD), these are the four most widely held penny stocks.
Source Fool.com
