Reddit and stock trading apps like Robinhood are used by retail investors to exchange ideas and buy and sell stocks. In 2021, the most popular online brokerages in the United States will host over 100 million accounts for retail investors, according to Marketplace Fairness’ estimates. In recent weeks, Robinhood Markets, Inc. has seen its stock price fall following the expiration of the initial stock lock-up period following the IPO. According to reports, massive hacking occurred at the company in the third quarter.
Here is Insider Monkey’s list of the 12 penny stocks most popular on Reddit and Robinhood. The biopharmaceutical company Vallon Pharmaceuticals, Inc. focuses on the development of drugs to treat rare neurological disorders. Short-squeezing Redditors have been accumulating shares through Robinhood. Mobile satellite services are provided by Globalstar, Inc. In the third quarter of this year, the company’s revenue surpassed market expectations by more than $4 million. Both international and US-based versions of Apple’s iPhone have the Band 53 of the Globalstar network available. Applied UV, Inc. reported third-quarter earnings of $3.55 million on November 16. A prestigious biomedical facility in Thailand has agreed to install Airocides, and the company’s share price jumped more than 12 percent on December 1. In late November, OceanPal Inc. stock began trading on the NASDAQ market. Iron ore, coal, grain, phosphate, and fertilizer are some of the commodities transported by the company’s three dry bulk carriers. A semiconductor company, MoSys, Inc. High-speed cloud networking, communications, security appliances, and computing all use its products. It was established in 1991 and has a gross profit margin of 66%. For more details, click the 12 Penny Stocks Most Popular On Reddit And Robinhood.