The broader markets were up and down all week, but investors who were in on this week's top penny stocks brought home gains as high as 64% in just five days.
Through Friday afternoon, the Dow Jones Industrial Average was up just 0.3% on the week, the S&P 500 was down 0.4%, and the Nasdaq had dipped 2.4% on the week.
That's why many investors turn to penny stocks. There is always the potential of landing a major windfall when picking up inexpensive stocks, even when the broader markets are underperforming.
Here are this week's top penny stocks and the profits they brought shareholders…
Top 5 Penny Stocks This Week
Unwired Planet Inc. (Nasdaq: UPIP) was the biggest penny stock winner this week, with a 5-day gain of 64%. By comparison, the Nasdaq dipped more than 2% in the same time frame. Unwired is an intellectual property and technology licensing company that holds 200 U.S. and foreign patents. The company currently has 75 pending patent applications. The stock soared this week when three inside investors made large purchases of UPIP shares. Last week, shares of UPIP traded near $1.30, and today the stock is worth around $2.13.
Fuwei Films Co. (Nasdaq: FFHL) develops plastic film that is used in flexible packaging, printing, laminating, and aluminum plating. Since last week, FFHL stock has gained 44%, compared to losses by the broader markets. Shares of FFHL currently trade near $1.58, and the company has a market cap of just $20.6 million. The stock jumped when the company announced that its controlling shareholder, The Weifang State-owned Asset Management Company, had purchased more shares, bringing its stake in the company to nearly 53%.
Arotech Corp. (Nasdaq: ARTX) develops interactive simulations for the military and law enforcement groups, batteries and charging stations for the military, and various security products and services. Since last week, ARTX shares have gained more than 35%. On Monday, ARTX stock was trading near $4.23, and it's now hovering near $5.75 per share. The stock posted a strong week following a report that Arotech had received more than $2 million in orders for its batteries and chargers. ARTX currently has a market cap of nearly $112 million.