One of the hottest trends in the stock market today involves high-volatility trading. More times than not, this trend is found in stocks under $5. Otherwise known as penny stocks, these small companies can experience massive bouts of speculative momentum, which tends to see share prices soaring.
Take Reliance Global Group (NASDAQ: RELI), a company we’ve discussed for the last few weeks. One thing that we noted was that RELI stock was moving without any apparent catalyst. No news or filings were released. However, we found that a prominent trend that had traders looking for low float penny stocks may have triggered the mid-December commotion.
Since then, we’ve watched as RELI stock surged from $2.10 on the 13th to premarket highs of over $7.50 during the premarket session on December 28th. This over 250% move has brought retail trading attention to low float stocks.
Here are five low float penny stocks to watch.
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