It’s one other busy day of buying and selling and the place would we be with out Reddit rising curiosity in numerous penny shares? It’s turn into a traditional development at this level and we’re following up on it by testing the penny shares getting essentially the most chatter on the social media platform on Friday.
I can’t simply dive proper into that but although. As a substitute, I’ve received to place out a warning regarding penny shares. Whereas Reddit might love them, they aren’t for everybody. There are vital dangers that come from investing in them because of how straightforward they’re to govern.
You’ve got been warned.
Reddit Penny Shares: City One (UONE)
All concerning the firm: City One (NASDAQ:UONE) is a media conglomerate within the U.S. that targets African American viewers.
What the inventory is doing right this moment: Shares are falling 8.9% as of this writing.
What Reddit has to say: Redditors are discussing an SEC halt of trading for the stock and its movement today.
Reddit Penny Shares: Atossa Therapeutics (ATOS)
All concerning the firm: Atossa Therapeutics (NASDAQ:ATOS) is a clinical-stage biopharmaceutical firm specializing in breast most cancers therapies.
What the inventory is doing right this moment: Shares are largely unmoving right this moment.
What Reddit has to say: Buyers on the penny shares subreddit are talking about the company’s CEO presenting a report to Congress on Monday.
Reddit Penny Shares: City One (UONEK)
All concerning the firm: City One (NASDAQ:UONEK) is a media conglomerate within the U.S. with a deal with African American viewers.
What the inventory is doing right this moment: Shares are falling shut to fifteen% right this moment.
What Reddit has to say: Class D shares of the corporate’s inventory are being discussed alongside the main shares after an SEC trading halt.
Reddit Penny Shares: Enveric Biosciences (ENVB)
All concerning the firm: Enveric Biosciences (NASDAQ:ENVB) is a biotechnology firm specializing in creating therapies utilizing cannabinoid medicines.
What the inventory is doing right this moment: Shares are rising over 8% right this moment.
What Reddit has to say: Customers of the discussion board are talking about the running price of shares today.
Reddit Penny Shares: Assertio Holdings (ASRT)
All concerning the firm: Assertio Holdings (NASDAQ:ASRT) is a pharmaceutical firm specializing in therapies for neurology, ache, and illnesses of the central nervous system.
What the inventory is doing right this moment: Shares are largely unmoving as of this writing.
What Reddit has to say: Reddit customers are debating the stock’s potential to rise or fall.
On the date of publication, William White didn’t have (both immediately or not directly) any positions within the securities talked about on this article. The opinions expressed on this article are these of the author, topic to the InvestorPlace.com Publishing Guidelines.
With solely the rarest exceptions, InvestorPlace doesn’t publish commentary about corporations which have a market cap of lower than $100 million or commerce lower than 100,000 shares every day. That’s as a result of these “penny shares” are often the playground for rip-off artists and market manipulators. If we ever do publish commentary on a low-volume inventory which may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this reality and warn readers of the dangers. Learn Extra: Penny Shares — How to Profit Without Getting Scammed