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3 Penny Stocks to Watch Under $2 On Robinhood Finding penny stocks on Robinhood is a relatively straightforward process. However, it takes a little bit of know-how to do properly. While most penny stocks tend to trade the same way, we have to consider that Robinhood does not allow access to OTC or over-the-counter markets. This is where a large number of penny stocks are sold. You might be wondering, why are so many penny stocks to watch on OTC markets? And there are a few reasons for this.  For one, listing on large exchanges such as the NYSE or NASDAQ is a very expensive and thorough process. Because penny stocks often do not have access to the same capital as blue chips, this can be out of the question for some.

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