Penny For Your Stock?

2016-03-04 14_35_04-Microsoft Office Picture ManagerPenny for your stock? Today’s article highlights the fact that “there are now 359 stocks trading for under $1 a share – the highest in more than 20 years.” In fact, one analysis finds that “the number of stocks currently trading on a major U.S. exchange for less than $1 a share has jumped 38% this year and is up 420% from five years ago….” Moreover, “it’s not just marginal companies that are feeling the strain” and, while the vast majority of these “penny stocks” are from the energy sector, some other sectors are a significant presence as well. CLICK HERE to see the most valuable Russell 3000 stocks currently trading under $1.