If you’re looking for tips on how to make money withpenny stocks today, we have one tip that can help you find the safest companies to invest in.
Investing in penny stocks is popular for one big reason: The shares are inexpensive, usually below $5, so you can quickly make triple-digit profits. Biotech penny stock Oncobiologics Inc. (Nasdaq: ONS) soared from $0.87 to $1.89 between Aug. 31 and Sept. 11. That’s a 117.2% gain in just six sessions.
But penny stocks can be risky if they rally for the wrong reasons…
VideoThe 3 Best Strategies for Trading Penny Stocks Today
For example, Cynk Technology Corp. (OTCMKTS: CYNK) surged a mind-blowing 24,900% in just two months, from May to July 2014.But by September that year, CYNK stock had crashed to just $0.20 per share. This aroused the suspicion of the SEC since the company claimed to operate a social media network that nobody had ever heard of.
The SEC eventually determined that Cynk was a shell company with zero assets, zero revenue, and just one employee. The stock’s meteoric rise and fall was found to be a pump-and-dump scam operated by a stock promoter named Gregg Mulholland. In February, he was sentenced to 12 years in jail for his role in the scam.
Top Safest Stocks To Invest In Right Now: TD Ameritrade Holding Corporation(AMTD)
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TD Ameritrade Holding Corp. (AMTD) has made crypto history as the first firm ever to place an advertisement on the blockchain. “Through a series of transactions we became the first brand to place an ad in the blockchain. Why? Well, we love finding new ways to use emerging technology. So we decided to have a little fun and plant our flag,” TD wrote on its website, where it included a photo of the ad embedded right into the blockchain code. The process took 68 transactions and TD used the OP_Return feature in bitcoin’s protocol to insert characters as one might write a memo on a check. The resulting transactions were invalid, but they remain preserved on the blockchain ledger for as long as it exists.
- [By Ethan Ryder]
Amundi Pioneer Asset Management Inc. trimmed its holdings in shares of TD Ameritrade (NASDAQ:AMTD) by 19.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 710,593 shares of the financial services provider’s stock after selling 176,424 shares during the quarter. Amundi Pioneer Asset Management Inc. owned 0.13% of TD Ameritrade worth $42,088,000 at the end of the most recent reporting period.
- [By Logan Wallace]
TD Ameritrade (NASDAQ:AMTD) announced a quarterly dividend on Monday, April 23rd, RTT News reports. Shareholders of record on Tuesday, May 8th will be paid a dividend of 0.21 per share by the financial services provider on Tuesday, May 22nd. This represents a $0.84 annualized dividend and a yield of 1.42%. The ex-dividend date is Monday, May 7th.
Top Safest Stocks To Invest In Right Now: Shore Bancshares Inc(SHBI)
- [By Shane Hupp]
Press coverage about Shore Bancshares (NASDAQ:SHBI) has been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Shore Bancshares earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 46.3784121307224 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
- [By Joseph Griffin]
LSV Asset Management increased its stake in Shore Bancshares Inc (NASDAQ:SHBI) by 134.4% during the 1st quarter, Holdings Channel reports. The firm owned 157,489 shares of the bank’s stock after acquiring an additional 90,289 shares during the period. LSV Asset Management’s holdings in Shore Bancshares were worth $2,970,000 as of its most recent filing with the Securities and Exchange Commission.
- [By Joseph Griffin]
Media coverage about Shore Bancshares (NASDAQ:SHBI) has trended somewhat positive on Sunday, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Shore Bancshares earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 47.376414932679 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Top Safest Stocks To Invest In Right Now: MutualFirst Financial Inc.(MFSF)
- [By Stephan Byrd]
Get a free copy of the Zacks research report on MutualFirst Financial (MFSF)
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Top Safest Stocks To Invest In Right Now: Cherry Hill Mortgage Investment Corporation(CHMI)
- [By Lisa Levin]
Clearside Biomedical, Inc. (NASDAQ: CLSD) shares declined 32.19 percent to close at $9.86 on Thursday. Clearside Biomedical disclosed that its Phase 2 trial of CLS-TA met primary and secondary endpoints met in 6-month trial.
scPharmaceuticals Inc. (NASDAQ: SCPH) shares dipped 30.1 percent to close at $9.94 on Thursday after the FDA identified deficiencies in the company’s New Drug Application for FUROSCIX. However, the FDA letter did not specify deficiencies identified and notification does not reflect final decision on information under review.
Euroseas Ltd. (NASDAQ: ESEA) fell 24.08 percent to close at $1.86. Euroseas announced completion of the spin-off of its drybulk fleet into EuroDry Ltd.
Golar LNG Limited (NASDAQ: GLNG) fell 25.09 percent to close at $25.98 following Q1 results.
Oragenics, Inc. (NASDAQ: OGEN) shares dropped 25 percent to close at $1.50 on Thursday.
Guess', Inc. (NYSE: GES) dropped 19.44 percent to close at $19.60 following Q1 results.
Cantel Medical Corp. (NYSE: CMD) dropped 15.94 percent to close at $109.09 on Thursday following FQ3 results.
Fusion Connect, Inc. (NASDAQ: FSNN) shares fell 15.55 percent to close at $3.91.
Build-A-Bear Workshop, Inc. (NYSE: BBW) dropped 14.44 percent to close at $8.00 after reporting Q1 results.
Dollar Tree, Inc. (NASDAQ: DLTR) shares declined 14.28 percent to close at $82.59 after the company reported weaker-than-expected earnings for its first quarter and lowered its FY2018 earnings guidance.
Titan Machinery Inc. (NASDAQ: TITN) dropped 13.94 percent to close at $18.09 after reporting Q1 results.
Co-Diagnostics, Inc. (NASDAQ: CODX) declined 13.17 percent to close at $2.90 after declining 5.65 percent on Wednesday.
Concordia International Corp. (NASDAQ: CXRX) fell 12.89 percent to close at $0.2440 after the company announced that it would be delisted from the Nasdaq.
Sears Holdings Corporation (NASDAQ: SHLD) slipped 12.46 percent
- [By Stephan Byrd]
Welltower (NYSE: WELL) and Cherry Hill Mortgage Investment (NYSE:CHMI) are both finance companies, but which is the superior stock? We will contrast the two companies based on the strength of their valuation, analyst recommendations, earnings, institutional ownership, profitability, risk and dividends.
- [By Lisa Levin]
Check out these big penny stock gainers and losers
Clearside Biomedical, Inc. (NASDAQ: CLSD) shares fell 17.8 percent to $11.95 in pre-market trading. Clearside Biomedical disclosed that its Phase 2 trial of CLS-TA met primary and secondary endpoints met in 6-month trial.
CRISPR Therapeutics AG (NASDAQ: CRSP) fell 15.8 percent to $62.00 in pre-market trading after the company disclosed that the FDA has placed a clinical hold on IND for CTX001 sickle cell disease treatment.
Sears Holdings Corporation (NASDAQ: SHLD) fell 10 percent to $2.89 in pre-market trading after the company posted a loss for the first quarter and announced plans to close 72 non-profitable stores.
Urban One, Inc. (NASDAQ: UONE) fell 9 percent to $3.01 in pre-market trading after rising 78.38 percent on Wednesday.
Dollar Tree, Inc. (NASDAQ: DLTR) shares fell 8.6 percent to $88.05 in pre-market trading after the company reported weaker-than-expected earnings for its first quarter and lowered its FY2018 earnings guidance.
Ciena Corporation (NYSE: CIEN) fell 8.5 percent to $22.02 in the pre-market trading session after the company posted downbeat Q1 earnings and announced plans to buy Packet Design.
Dollar General Corporation (NYSE: DG) shares fell 6.6 percent to $90.11 in pre-market trading after reporting weaker-than-expected results for its first quarter.
Vericel Corp (NASDAQ: VCEL) shares fell 6.5 percent to $13.05 in pre-market trading following announcement of 3.75 million share common stock offering.
Box, Inc. (NYSE: BOX) fell 5.7 percent to $26.19 in pre-market trading. Box reported upbeat results for its first quarter. The company forecast Q2 revenue of $146 million to $147 million.
Co-Diagnostics, Inc. (NASDAQ: CODX) fell 5.7 percent to $3.15 in pre-market trading after declining 5.65 percent on Wednesday.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) shares fell 5.2 percent to $18.21 in pre-market trading after reporting a 2