Top Penny Stocks For Your Robinhood Watch List This Week
One of the most popular trading platforms for penny stocks is Robinhood. Whether you like it or hate it, millions of new traders flocked to the broker in 2020 and 2021. The biggest points of concern have been on the app’s trade execution and how the company itself makes money. If you remember, a few months back, Robinhood came under fire as the Securities & Exchange Commission with misleading customers.
Documents showed that Robinhood Financial was cited for repeated misstatements that they didn’t disclose their own receipt of payment from trading firms. These payments were made for moving customer orders to certain trading firms.
Yet, while the legal battles have raged on, it hasn’t stopped new traders from downloading the app and trading penny stocks. One thing that Robinhood traders know is that their access to certain stocks is limited. This mainly entails shares of . Due to looser reporting requirements and lower liquidity, these companies tend to carry a bit more risk. Despite this as the case, traders have found plenty of on Robinhood under $5 that can be traded. These are typically companies listed on the NYSE and Nasdaq exchanges.
Penny Stocks On Robinhood
Building your isn’t as hard as you might think. But it shouldn’t be a situation where you pick the top 10 most active penny stocks and call it a day. Analyze market and stock trends, look for potential catalysts, see if any news was recently released. Also, be on the lookout for filings like 8-Ks, Form 4s, 13Gs, 13Fs, and other types of filings that would suggest a company event. When you’re talking about , for example, many of these items are readily and easily accessible. In the stock market today, there are several trending names to add to the March 2021 watch list.