Internet forums like Reddit have introduced a new generation of investors to the stock market. According to an analyst last month, the Goldman Sachs retail favorite stock list outperformed the benchmark S&P 500 Index by 3 percentage points in June. For penny stocks, Reddit is a popular trading platform. Tesla, Apple, and Shopify are among the most popular stocks on Reddit right now. Because many individual investors have minimal funds and are willing to take risks, penny stocks are popular. Trends related to trends and their impact on the market might provide useful insight for smart investors.
Here is Insider Monkey’s list of the 10 best penny stocks popular on Reddit. Farmmi, Inc. is a Chinese agricultural processing and distribution company. The company has a market capitalization of more than $70 million and revenue of more than $30 million last year. It is ranked tenth on the list of the top ten most popular penny stocks on Reddit. Pintec Technology Holdings Limited is ranked ninth. The company is situated in China and sells financial technology services. It has a market capitalization of about $39 million and revenue of over $57 million last year. Ever-Glory International Group, Inc. is ranked eighth. The clothing retailer is based in China, but it also has operations in Germany, the United Kingdom, Europe, Japan, and the United States. Citius Pharmaceuticals, Inc. is a New Jersey-based pharmaceutical firm. The company focuses on creating critical care medications. It is ranked seventh on the list of the top ten most popular penny stocks on Reddit.com. Atossa Therapeutics, Inc. is ranked sixth. The company is focused on the discovery of medications to treat dangerous infectious diseases. It has been developing COVID-19-related medications and received regulatory approval last month. For more details, click 10 Best Penny Stocks Popular on Reddit.