3 EV Penny Stocks Under $4 Making Big Moves Right NowÂ
EV penny stocks have become some of the hottest names this year. This makes sense given the massive push by the Biden Administration to get the U.S. on the right track toward renewable dependence. However, given that we are still so far away from this, there are plenty of penny stocks that could benefit.Â
This includes both big-name EV penny stocks and smaller, ancillary companies. Itâs worth noting that there are plenty of businesses that may not directly work in the EV industry, but they still do have exposure to it. This includes companies such as lithium miners, battery metals recyclers, and companies that produce parts for EVs or charging-related equipment.Â
Are These Penny Stocks on Your May Watchlist?
As the economy reopens, penny stocks that can benefit are constantly in focus. These companies are known as reopening penny stocks. This explains the recent growth we have seen in the trailing months with certain stocks under $5. Right now, investors should consider which penny stocks to buy as they relate to reopening sectors. As vaccination rates rise and in-person restrictions are lifted, retail traffic will once again increase.Â
The massive growth seen with tech stocks and e-commerce sectors during COVID was not surprising. However, this caused many penny stocks to suffer last year. Specifically, this includes those reliant on in-person retail traffic. We are now in a period of high volatility, which many investors consider to be a good sign. [Read More] What Are Penny Stocks? 2 Top Trading Tips for 2021
Epicenter Penny Stocks Trade Higher Ahead Of Inauguration Day
In this article, weâre going to dive into a few things. First, what are penny stocks and why should you care? Next, what are epicenter stocks, and should they be something to watch in 2021? Finally, weâll talk a bit about a few cheap stocks to watch in light of this interesting market trend.What Are Penny Stocks?
Penny stocks are shares of companies that can be bought for less than $5. This is according to the Securities & Exchange Commissionâs definition of penny stocks. Some traders may focus on lower-priced stocks that fit their own definition. However, for the purposes of this article, weâll be looking for stocks under $5. One of the big reasons that traders care about these types of companies is twofold, in my opinion.