The cheapest stocks on Robinhood is the penny stocks where the price is under $1. Usually, it appears in NASDAQ and NYSE. Many people like trading in Robinhood platform because it is the easiest way to online trading. Besides that, it comes as the biggest platform to trade penny stocks. Another reason is it can give the beginners a convenient way to trade. In common, it looks like defending the right of beginners. Nevertheless, all people may invest penny stocks on Robinhood. How do Robinhood stocks work?
10 Famous and Cheapest Stocks on Robinhood
Robinhood is a broker to buy and trade penny stock but actually, it is only a misunderstanding. The broker also has a concept not to burden the traders in payment relating to the penny stocks trading. Roughly, that is the work performance of Robinhood.
Last month, this platform provides top 10 penny stocks that are very well-known in June such as below:
1. Fitbit (FIT)
In this platform, FIT became the most popular penny stocks where it closed about $0.50. Yeah, it closed lower than the closing in May because this company keeps dealing with negative sentiment. It estimates an increase in the income of the year about 1-4%.
2. Plug Power (PLUG)
The second company is PLUG (Plug Power) which focuses on alternative energy on fuel cell development. It is well-known as the bad work performance with the negative sentiment too. Two last months, Plug Power stock decreases about 17% but it is trying to grow up in the second quarter.
3. Chesapeake Energy (CHK)
CHK becomes the third of 10 most popular penny stocks on Robinson. The popularity has been running since April until last June. Now, it is time to continue the famous in these months and so on. On May, the stock down sharply to the lowest position of $1.74. Even though, it increased at the end of June above $1.95. If you choose CHK to invest, it is a good decision. This company is in a good position to pay the bill and in some next months. CHK get a lot of benefit from the asset trading.
4. Nio (NIO)
Nio looks like do not have a good future and it becomes the most risk company in penny stock trading. Up to know the condition of NIO does not change even a lot of parties worrying about it.
5. Groupon (GRPN)
The stock of GRPN is very lucrative where it stayed in the highest position on June 03. Yeah, the price was in $3.75 but it suddenly down to the lowest position of $3.34 on June 06. Furthermore, the stock of GRPN increased again since June 25.
6. New Age Beverages (NBEV)
It turns out NBEV is the new cannabis stock in Robinhood that does not have a good month yet. This marijuana penny stock to buy got a reduction in June and unable to grow up again.
7. Yamana Gold (AUY)
Yamana Gold dropped the stock from #6 to #7 the last month and it withdrew 180 on May. However, this company succeeds to close the trading before June in $2.57. The company, apparently, also increases its yearly dividend into $0.04 per stock. AUY expects to report the second quarter to something appealing on July 25th.
8. JP Penny (JPC)
Most trader for this penny stock coming from the board member of JPC. On the last of May, the price increased about $0.85 and again about $1.25 in June. Even, it was able to end in $1.14 on the closing day of June 28.
9. Neptune Wellness (NEPT)
The development of NEPT during last month did not change significantly. On June 1st, the penny stock price was on $4.14 and closed on $4.35 on Friday.
10. AK Steel (AKS)
Lastly, there is AKS or AK Steel that worked better during 30 days of last month. It increased the cost of the stock became the highest for June $2.36. The growth closed on June 28, was the opposite of the lowest position on May 31 with $1.66.
Top 3 Penny Stocks with A Good Prospects on Robinhood
Here, it includes a top 3 penny stocks on Robinhood 2019. They come below because they deserve to watch: