The reaction from many first-time traders when they hear the words “penny stocks” is usually either one of two things: either enthusiasm that they’ll catch “the next big thing,” or a wave of anxiety about getting anywhere close to such risky investments. After all, they’re cheap for a reason, right?
Both of those impression aren’t entirely unfounded. There are some questionable over-the-counter (OTC) stocks floating around out there for literal pennies. But penny stocks are just like any investment—and it is possible to profit off them.
This all means that it takes hard work and patience to see a return. However, there is legitimate money to be made trading “penny stocks” with $3, $4, $5 shares. You just have to know what to expect and what to look for.
Top Penny Stocks To Watch Right Now: Sirius XM Radio Inc.(SIRI)
- [By Paul Ausick]
The more than 206.74 million Sirius XM Holdings Inc. (NASDAQ: SIRI) shares that were short after the last two weeks of this month amounted to just 0.1% or so more than on the previous settlement date. This was the third-lowest level of short interest in the past year, and it totaled 15.8% of the available float. The average daily volume has shrunk in seven of the past eight periods, and the number of days to cover inched up to nearly 13. Sirius’ stock price was $7.22 at the trading day’s close yesterday. Its 52-week low is $5.09 and the 52-week high is $7.33, a multiyear high posted this week.
- [By Motley Fool Staff]
In this segment fromMarketFoolery, host Chris Hill, Motley Fool One’s Jason Moser, and Stock Advisor Canada’s Taylor Muckerman consider an individual case of a common question for investors: When you have a stock that has become a big winner, should you hold on tight until you need the money, or sell to lock in some profits, and reinvest them elsewhere? There’s certainly no single right answer, but the question is always a good one to ask. The response depends on the context of the individual company, so the Fools tailor their take this time to the outlook for Sirius XM(NASDAQ:SIRI).
- [By Chris Hill]
Lastly, the Fools answer a classic question from a listener: “When should an investor start taking profits on a multibagger stock? Or should he just hold on forever?” Since the answer to this depends a lot on the company, they both talk generally and address the case of the listener’s stock –Sirius XM (NASDAQ:SIRI)– which is up around 500% since he bought it.
Top Penny Stocks To Watch Right Now: Rocky Mountain Chocolate Factory Inc.(RMCF)
- [By Ethan Ryder]
Rocky Mountain Chocolate Factory (NASDAQ: RMCF) and Tootsie Roll Industries (NYSE:TR) are both small-cap retail/wholesale companies, but which is the better stock? We will contrast the two companies based on the strength of their valuation, risk, earnings, institutional ownership, profitability, dividends and analyst recommendations.
- [By Max Byerly]
Rocky Mountain Chocolate Factory (NASDAQ: RMCF) and Tootsie Roll Industries (NYSE:TR) are both small-cap retail/wholesale companies, but which is the better investment? We will compare the two companies based on the strength of their risk, valuation, dividends, analyst recommendations, earnings, profitability and institutional ownership.
Top Penny Stocks To Watch Right Now: New York Mortgage Trust Inc.(NYMT)
- [By Joseph Griffin]
Shares of NY Mtg Tr Inc/SH (NASDAQ:NYMT) have earned an average recommendation of “Hold” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $6.06.
Top Penny Stocks To Watch Right Now: Rowan Companies Inc.(RDC)
- [By Shane Hupp]
California Public Employees Retirement System reduced its position in Rowan Companies PLC (NYSE:RDC) by 5.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 656,438 shares of the oil and gas company’s stock after selling 41,386 shares during the quarter. California Public Employees Retirement System owned 0.52% of Rowan Companies worth $7,575,000 as of its most recent SEC filing.
- [By Lisa Levin]
Check out these big penny stock gainers and losers
MDC Partners Inc. (NASDAQ: MDCA) fell 23.4 percent to $5.25 in pre-market trading after a first-quarter earnings miss.
Hudson Technologies Inc. (NASDAQ: HDSN) shares fell 15.1 percent to $3.48 in pre-market trading after the company reported downbeat Q1 earnings.
Nuance Communications, Inc. (NASDAQ: NUAN) fell 14 percent to $13.15 in pre-market trading after the company posted downbeat Q2 earnings and lowered FY18 organic growth guidance.
Myomo, Inc. (NYSE: MYO) fell 13.2 percent to $3.10 in pre-market trading after reporting downbeat quarterly results.
Rowan Companies plc (NYSE: RDC) shares fell 10.7 percent to $14.13 in pre-market trading after climbing 8.50 percent on Wednesday.
BT Group plc (NYSE: BT) fell 9 percent to $14.80 in pre-market trading after the company reported Q4 results and announced plans to cut 13,000 jobs over the next three years.
Exelixis, Inc. (NASDAQ: EXEL) fell 8.3 percent to $19.90 in pre-market trading after the company disclosed that IMblaze370 Phase 3 pivotal trial of atezolizumab and cobimetinib in patients with heavily pretreated locally advanced or metastatic colorectal cancer did not meet primary endpoint.
Infinera Corporation (NASDAQ: INFN) fell 8.2 percent to $10.80 in pre-market trading after reporting Q1 results.
Synaptics, Incorporated (NASDAQ: SYNA) shares fell 7.4 percent to $43.00 in pre-market trading. Synaptics reported better-than-expected earnings for its third quarter, while sales missed estimates.
Randgold Resources Limited (NASDAQ: GOLD) shares fell 7.4 percent to $76.23 in pre-market trading after reporting Q1 earnings.
Integra LifeSciences Holdings Corporation (NASDAQ: IART) shares fell 7 percent to $59.36 in pre-market trading. Integra LifeSciences priced its 5.25 million share public offering of common stock at $58.50 per share.
Array BioPharma Inc. (NASDAQ: ARRY) shares fell 6.9 percent to $12.75 in pre-m
- [By Max Byerly]
Shares of Rowan Companies PLC (NYSE:RDC) rose 0.8% during mid-day trading on Thursday . The company traded as high as $16.36 and last traded at $16.09. Approximately 144,835 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 2,492,971 shares. The stock had previously closed at $16.22.