On Monday, USEC Inc. (NYSE: USU) had penny stock status at $2.75 per share. Today (Wednesday) – just two days later – the global energy company traded as high as $12.265 per share, for a 346% increase.
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Penny stocks represent an inherently riskier investment option for investors. But with these risks in mind, be aware that not all penny stocks are created equally - some can be solid investments with wonderful upside potential.
Today's (Wednesday) big movers come from a variety of sectors, including biotech, retail, financial services, and energy, and they are making gains for different reasons. These top penny stocks do have one thing in common - today their investors cashed in big.
In December of 1999, Radioshack Corp. (NYSE: RSH) stock was worth more than $76 per share. Today, RSH is worth less than $1.
And while RadioShack is the most recent example of a high-flying stock that dropped to penny-stock levels, there are plenty of other major companies that are prime candidates to make the same move.
Vertex Pharmaceuticals Inc. (Nasdaq: VRTX) tops Tuesday's hot stocks to watch list. Shares skyrocketed 50% intraday after the biotech company deemed its cystic fibrosis treatment a success.
Also landing on today's hot stocks list are a number of penny stocks, a semiconductor company, and several stocks moving up on analysts' action and M&A activity.
Some of this year's top penny stocks have come out of the little-known or followed hydrogen fuel cell industry.
The sector garnered a great deal of attention in 2014's first quarter, thanks to lucrative contracts inked by Plug Power Inc. (Nasdaq: PLUG).
The recent boom in pot penny stocks almost seems too good to be true - and according to the Securities & Exchange Commission, it might very well be.
In the past few weeks, the SEC has been investigating several pot stocks-eight of which have now been temporarily suspended. According to the SEC, the suspended marijuana stocks were in violation of serious regulations, including instances of "manipulative transactions" and "unlawful distribution of securities."
Over-the-counter (OTC) penny stocks have been overlooked on lists of hot penny stocks to watch. That’s because OTC penny stocks mercurial investments that aren't subject to the same financial standards as stocks on the larger exchanges.
Investors paying attention to the trend are drawn to the massive upside OTC stocks can generate in profits, but many are scared to pull the trigger.
Before diving into the nuts and bolts of how to buy penny stocks, it's important to recognize the reason why so many people engage in this particular type of investing. Penny stocks represent an inherently riskier, though potentially lucrative, investment option for investors.
Stocks that trade "Over-the-Counter" (OTC) can be risky propositions for investors because they aren't subject to the same financial standards as stocks on the larger exchanges. They can also be very illiquid.
But the OTC markets also see some of the top penny stocks winners every week, and have seen some of the best penny stocks of 2014. This week, every stock on our "top penny stocks" list trades over-the-counter.
This week's hot penny stocks had returns of 3,125%, 674%, and 325%, and every stock on this list more than double shareholders' initial investment.
This week's top penny stocks brought shareholders gains as high as 367%, 243%, and 154% in just a matter of days.
That's why penny stock investing is so alluring - picking the right penny stocks can bring serious gains in a very short period of time. While the gains can be huge, so too are some of the risks. Penny stocks that trade "Over-the-Counter" (OTC) or on the Pink Sheets are subject to wild swings that can leave investors holding the bag on a worthless stock.
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.
Investors who bought in on the top penny stocks last week brought home gains as high as 129% in just a matter of days.
Those potential windfalls are what makes penny stock investing so attractive. While there are numerous risks to investing in penny stocks, the rewards are just as abundant.
Many investors turn to penny stocks because they have the potential to bring huge gains in a short period of time, and the top penny stocks this week have done just that.
Every stock here has posted a gain of at least 41% in just one week - one is up 102%.
Penny stock investing is not without its risks, and finding the right penny stock can be hard.
The top 10 penny stocks of 2014 have seen tremendous gains, one as high as 877%.
That's exactly why some investors are so enamored with penny stocks - they have the potential to transform portfolios in a very short period of time.