Penny stocks are some of the most volatile investments in the stock market today. Traditionally defined as stocks under $5, there’s no shortage of excitement with big wins and crushing losses. The ultimate goal is always to make money with penny stocks, and this year we’ve seen some of the most profound breakouts, even during a stock market crash.
The latest is Pagaya Technologies (NASDAQ: PGY). It might not be evident by looking at today’s price, but roughly one week ago, shares were trading well below $5. PGY stock was a relatively thinly traded name with fewer than 200,000 shares traded daily since going public via the SPAC merger with EJF Acquisition Corp.
So what are the best penny stocks to buy right now? The ones that make you money, of course. This article focuses on a handful of penny stocks to watch based on recent bullish activity.
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