11/23/2023 0 Comments Cheap stocks to buy now robinhoodCastor announced another vessel acquisition. CTRM has put in higher lows for 3 straight days so far, with this latest move coming on the back of another big update. This continues a smaller uptrend that began on April 15th. However, at the start of this week, shares have slightly reversed course. Since then, it’s been a slow bleed, and CTRM stock ended up coming within striking distance of testing its 200 day moving average last week. The shipping company’s stock rallied from around 11 cents late last year to highs of nearly $2 at the start of 2021. For now, it is one of the penny stocks on Robinhood trading under $1 to watch in April.Ĭastor is in a similar technical trend as ZOM over the last few weeks. With this pivot, it will be important to see how this impacts Zomedica’s TRUFORMA sales strategy. Last week, the company announced it would expand its direct sales organization with a phase-out of a distributor-based sales effort. It has taken steps forward to increase the potential distribution of the product. But it hasn’t been on a massive level (yet). It seems that Zomedica is in somewhat of a limbo right now. There weren’t any headlines or filings to pair with the move. The penny stock bounced early in the morning on Monday. This week, however, things appear to have reversed course. Since then, however, ZOM slowly traded lower. ZOM stock climbed from under $0.10 last year to highs of nearly $3 ahead of commercial sales. This ultimately became a “buy the rumor/sell the news” type of move. Penny Stocks, Bitcoin, Dogecoin Pop With Reddit Traders Looking To Buy ![]() Officially, the company began selling TRUFORMA during the first quarter of the year. This year was the year that the company would shift from “development stage” to commercialization. Its TRUFORMA diagnostic device has remained a core focus. The company provides diagnostic services and devices for the veterinary community. Much of the move that ZOM stock has seen stemmed from anticipation and speculation. Zomedica has been on our list of penny stocks for over a year at this point. Robinhood Penny Stocks To Buy #1: Zomedica Corp. Keeping this in mind, there are a few penny stocks on Robinhood that can be bought for under $1 right now. Also, keep in mind that the lower the price, the higher the volatility. Make sure you know why certain names are trending. If you can handle higher risk and understand that hype is playing a big role right now, it might not hurt to look at a few cheap stocks. So, should you be trading penny stocks right now? This is going to be something you need to decide for yourself. In this case, it makes a lot of sense as to why the “Robinhood traders” are actually helping to bring in some of this volatility and these speculative trading trends. ![]() But you can go from buying penny stocks on Robinhood to trading crypto seamlessly. You can’t buy it with TD Ameritrade or Etrade. Meme coins like Doge aren’t accessible on just any platform. Like it or not, this is where platforms like Robinhood have begun thriving. Robinhood Becomes Hub For Penny Stocks & Cryptocurrency Whether this was a ploy to gain traction in the market or will it actually become a viable business solution for that company is to be seen. With the rise in popularity of Dogecoin and other cryptocurrencies, the company pivoted and announced it would start mining Doge and other meme coins. For instance, last week there were tech names that traditionally focused on cloud computing. It’s interesting to see the flexibility that some of these companies have. When you’re talking about emerging trends, the world of companies traded as penny stocks has a wide birth of interesting names. While gains are to be had across the board, the stock market has remained somewhat consistent. Things like Dogecoin, Bitcoin, Ethereum, and others have grown in popularity. Then you’ve got micro-trends in things like non-fungible tokens (NFTs) and cryptocurrency. Penny stocks and small caps are places where big swings in price are constantly present. This “boring” trend has caused traders to seek out more volatility. Despite the lighter volume, the S&P, Dow, & Nasdaq have all floated higher. First, we’ve got broader markets reaching all-time highs. ![]() Much of this has been a result of a few recent market trends. ![]() This month we’re seeing a lot more attention on higher-risk assets like penny stocks. Since it only takes a matter of a few pennies to equate to a big change in stock price, it is both a big advantage and a big risk for traders. Penny stocks are well known for higher risk due to lower prices along. Penny Stocks On Robinhood To Buy For Under $1
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