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It can sometimes be challenging to separate the best penny stocks to buy from the trash in the market.
But there are undeniably some fantastic companies offering massive upside right now. One example is our top penny stock today, with 257% return potential, which we're about to show you...
There are several ways to uncover the real gems that can soar by several multiples of the current stock price. We are always looking for ways to discover the overlooked companies with bright futures that are temporarily trading for less than $5 a share.
One of the easiest and most effective ways to find the top penny stocks is to watch for big insider purchases in the open market.
Buying in the open market means somebody wrote a check with their own money to buy shares of the company they run.
Insiders know more than anyone else on the planet about what is going on at the company they manage or oversee. If they are buying big, it could mean they expect huge gains in the stocks.
About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, and consultant with degrees from Northwestern, Johns Hopkins, Purdue, and Indiana University. He is a seasoned financial and political risk analyst, with a focus on stocks, hedge funds, private equity, blockchain, and housing policy. He has conducted risk assessment projects for clients in 27 countries, and consulted on policy and financial operations for some of the nation's largest financial institutions, including a $1.5 trillion credit fund, a $43 billion credit and auto loan giant, as well as two of the largest Wall Street banks by assets under management.
Garrett joined Money Map Press as an economist and researcher in 2011, specializing in alternative strategies with an emphasis on fundamental and technical analysis.