The shining momentum for ContextLogic (NASDAQ:WISH) came and left in a hurry in June. Meme traders, where traders depicted stock buys with an image and a few words, lifted WISH stock. After ContextLogic posted results on August 12, any positive momentum all but evaporated. That is bad news for
Copart (NASDAQ:CPRT) had its price target hoisted by Truist from $145.00 to $160.00 in a research report sent to investors on Friday, The Fly reports. The brokerage currently has a buy rating on the business services provider's stock.
Several other research firms have also issued reports
In the years leading up to the novel coronavirus pandemic, financial advisors bemoaned that younger people weren’t investing in their future as did prior generations. However, the lockdowns and government stimulus checks helped spark a day trading revolution, which is positive in some regards. Still, when it comes to buying penny stocks popular on Reddit, I don’t think this is exactly what those advisors had in mind.
Now, before we roll into this discussion, I must lay out the groundwork. This is not financial advice. I am not an advisor. Merely, the purpose of this article....More>>>
Sonnet BioTherapeutics (NASDAQ:SONN) stock is taking off on Thursday and investors can thank retail traders on social media for pumping it higher.
SONN stock has been called out by several accounts on Twitter (NYSE:TWTR) as a strong short squeeze target. This has drawn in retail investors looking to pump the stock higher for profits. That movement started this morning with the company leading our pre-market winners.
Before you go investing in SONN stock, I have to point out its penny status. Even with the major gains today, the company is still only trading around $1.76.....More>>>
Even though some penny stocks have multi-bagger potential, they’re incredibly risky. The companies behind them typically haven’t had much experience in the marketplace. However, well-known companies may also fall under this category if their shares have plummeted. With proper due diligence and diversification, penny stocks could add a lot of value to your portfolios.
Penny stocks are typically those shares which are trading below the $5 mark. They tend to be inherently riskier than large-cap companies. However, if picked wisely, they have the potential to provide big gains.
After touching all-time highs of $64,800, Bitcoin (CCC:BTC-USD) witnessed a sharp correction. It briefly traded below $30,000 before making a gradual recovery. However, the positive momentum seems to be gaining traction. Bitcoin is now trading near $50,000 levels. As this price rises, investors may see multi-fold returns in crypto-related Reddit penny stocks.
In the last rally for Bitcoin, Marathon Digital (NASDAQ:MARA) skyrocketed from lows of $1.48 to a high of $57.75. Similarly, Riot Blockchain (NASDAQ:RIOT) had a 52-week range of $2.35 and $79.50. I will not be surprised if more Reddit....More>>>
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The Securities and Exchange Commission charged two individuals with defrauding elderly investors in a penny stock scheme involving Florida entertainment companies and their “Spongebuddy” product.
The charges are part of the Miami Regional Office’s Recidivist Initiative, which has thus far resulted in enforcement actions against 23 individuals, nine of whom also have been charged by criminal authorities.
Shares of Switch, Inc. (NYSE:SWCH) have been given a consensus recommendation of "Buy" by the twelve research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, nine have given a buy recommendation and on
Following in the wake of fellow dry bulk shipping stocks Diana Shipping (NYSE:DSX) last week and Safe Bulkers (NYSE:SB) Monday morning, Seanergy Maritime Holdings (NASDAQ:SHIP) and Castor Maritime (NASDAQ:CTRM) surged ahead to close the trading session up 12% and 13%.
We're entering the home stretch of the year. Last month, I pointed out that the fall season is one of the best times for dividend hikes. And it will be interesting to see which companies announce dividend hikes in this challenging environment.
HOOKIPA (HOOK Quick QuoteHOOK ) announced that it has entered into a clinical collaboration and supply agreement with Merck (MRK Quick QuoteMRK ) to evaluate the former’s novel arenaviral program, HB-200, in combination with the latter’s PD-L1 inhibitor Keytruda as a fi