Most penny stocks trade in OTC exchange and it is right! However, it does not mean you cannot get it on NASDAQ or NYSE. Both exchanges are popular with the expensive stock prices but you can find it with Robinhood. The penny stocks Robinhood keeps offering the cheap prices under $1. By the way, why does it choose Robinhood? It is because the broker does not support the OTC trading yet only on those exchanges. This commission-free broker gives easiness to the traders including the beginners to invest in penny stocks better.
Last updated on 4 Penny Stocks Robinhood
Today, you will see 4 penny stocks to watch on Robinhood to buy. The stocks are available below but this page wants to discuss a little bit about this broker. Most Millenium investors regard it as the simple software which maintains their job in common.
The broker has given much easiness to the users with does not burden the commission fee to them. It implies the capital to get the penny stocks is not much too. Besides that, Robinhood also gives another benefit where the stock can earn a big profit. It is possible to occur because the stocks have high volatility.
Well, that is a little bit of review of Robinhood. It is time to watch the penny stocks on Robinhood 2020:
1. JC Penny (JPC)
In the beginning, this page offers JPC for you that trade in NYSE. JC Penny gets an increase from $0.85 to $1.25 that occurred in June. The company has experienced a big restriction to cut its process and close the bad work performance business. JPC does it to reduce the cost. On July 19, 2019, the stock felt down but it still trades at the lowest level. Use the opportunity with taking the benefits from the intraday movement with the lowest price.
2. VivoPower International Plc (VVPR)
VivoPower International or VVPR is the solar power company that the critical power services are excellent. Recently, the company reported the finance which ended on March 31, 2019. It turns out VVPR that play in NASDAQ always gives the growth of work performance up to 28% per year. It included the gross profit, solar &company overhead reduction, also unlimited cash resources. VVPR closed the trading on $1.38 on July 19, 2019.
3. Obalon Therapeustics, Inc. (OBLN)
OBLN is a healthcare company that produces the obesity treatment replacement system. One of the healthcare penny stocks that trade in NASDAQ has reached the first copyright in the US. The event occurred on June 04 2019. Formerly, the stock soared on the peak of $1.92. On July 16, 2019, OBLN announced that it got two copyrights for the intragastric balloon. The submitting of the copyright in the US became 22 and it published 31 copyrights internationally. It turned out the trading of Obalon stock on the closing on July 19, 2019, only on $0.6050. Obalon had lost the most value during the previous weeks.
4. Neptunus Wellness (NEPT)
Lastly, this page presents Neptunus Wellness as the promising penny stocks Robinhood. The company with another nickname as NEPT also appears in NASDAQ. It turns out it is quite popular among the investors since several months ago. It becomes more famous after trading the stock on $4.14 on June 1st, 2019. Then, NEPT closed it far above $5 on July 17, 2019. It implies the soaring of Neptunus Wellness up to 71%.
By the way, it is a success does not apart from the recent big events. Firstly, NEPT had signed the third contract with Tilray or TLRY that also trade in NASDAQ.
This good news released on June 7, 2019. The content of the contract is about the extraction service of 1200 kg marijuana and hemp biomass. In the same month, this marijuana penny stock also did the same agreement. Neptunus signed the biggest cannabis extraction in Canada. The company makes a bilateral affair with The Green Organic Dutchman. It will produce at least 230.000 kg of hemp biomass and cannabis.
Aware Two Following Things in Trading Under $1
• You should not fulfill the requirement
Here, it talks about the penny stock often does not fulfill the requirement. It is good advice that is useful to save your finance. On the internet, there is much analysis available for you but you may not rely on them. The reason is most of them do not care about the cheap stock.
• Holding a Pers Conference
Next, you must extra be careful when finding not popular companies holding a pers conference. It is only a trap and they often do it to increase their stock price without giving benefits to the investors. Usually, the real pers conference always gives a good impact on the investor penny stock price.
Therefore, be an expert reader, receiving the report and so on. Always remember to gather details information of the company before deciding to invest penny stock there.
Well, there is additional information on how to find the stocks on Robinhood easily. Now, it counts 3 tricks that you can follow such as below:
• Read and follow
Find the best penny stock here according to the popularity of the hottest penny stock.
Researching social media or the third parties where it is sure to inform. Read on some company’s details on the internet for further information until you assure it is real.
• Use exit strategy
Lastly, use an exit strategy during you run penny stock and do not fall although it looks promising. Feel free to leave your choice when there is no good profit and progress. Believe it that the stock is dangerous for your investment in the future later.
Okay, those are some information on penny stocks Robinhood that is so complete. It discusses many things from the stocks, warning, and tricks. Do not hesitate to put your trust in Robinhood because it gets high credibility from the traders. It works!