Robinhood Penny Stocks To Watch In April

You now have a claim to a stock like Apple, Ford, or Facebook. In order to keep this claim to your stock, sign up and join Robinhood .

While penny shares on Robinhood haven’t stopped making merchants money, the platform itself has run into its share of problems over the years. Most recently, a glitch triggered the whole platform to shut down and customers had been unable to buy or promote their positions.

We talked about the specifics of this day that will go into the records books, in the article Not All Good In The Robin Hood. Back in March, the platform had an problem that simply left it offline for nearly an whole buying and selling day. While Robinhood figures out the satisfactory methods to treatment the situation, customers nevertheless get entry to the platform to change penny stocks.

Robinhood Penny Stocks
If you take a appear at the one hundred most famous shares on Robinhood, you will discover an fascinating statistic. One-third of the pinnacle ten most famous shares on Robinhood are penny stocks. Furthermore, when you seem at the complete listing of most famous shares on Robinhood, you’ll see that greater than 20% are penny stocks. Meanwhile, there are tens of heaps of merchants nonetheless the use of the app to trade.

What’s the point? In my opinion, Robinhood permits get right of entry to to information like this whilst different structures do not. This easy snippet by myself suggests that now not solely are penny shares popular, however they are additionally some of the most famous equities out there.

In fact, the most famous inventory on Robinhood is, in fact, penny inventory Aurora Cannabis (ACB) with almost 900,000 portfolios retaining shares as of the date of this post. In mild of this, let’s take a seem at some penny shares on Robinhood that have won some steam over the closing few days.

Penny Stocks On Robinhood: Veritone
penny shares to watch Veritone (VERI)
Sharers of Veritone (VERI – Free Report) jumped for the 2d session in a row. On Friday, VERI inventory noticed a moderate bounce to highs of $2.26. That momentum persevered into the begin of the week as shares reached new highs of $3.17. This cross additionally got here on some of the very best share extent in months. There wasn’t tons of whatever on the newswires or filings page. However, Veritone has managed to appeal to good sized pastime after posting a weblog on the company’s internet site on April 6.

In mild of the new wave of digital interplay being considered throughout industries, the organisation is following suit. Veritone introduced by blog that it is going to host its very own “virtual tradeshow” series. The cause in the back of it is to join with modern and potential clients. What’s extra is that the enterprise pronounced that it will provide free get admission to to its flagship applications. This is for the subsequent 60 days.

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This consists of Veritone Essentials, Attribute, and Digital Media Hub. It seems that this has been one of the occasions to coincide with VERI’s modern-day move. Whether this is the true catalyst at the back of the go or now not is but to be seen. In any event, it’s one of the penny shares on Robinhood making a huge pass on Monday besides coronavirus-related headlines.

Penny Stocks On Robinhood: Two Harbors Investment
penny shares on robinhood Two Harbors Investment (TWO)
Two Harbors Investment (TWO – Free Report) is any other one of the lively penny shares on Robinhood this week. Believe it or not, shares of Two Harbors reached new 52-week highs of $15.85 in late February. It’s tough to agree with that inside simply over 1 month, they reached new 52-week lows of $2.25. To supply you some concept of why shares dropped so hard, let’s take a appear at what the organisation does.

If you take into account a few weeks returned we protected a comparable company, MFA Financial (MFA). Like MFA, Two Harbors is a actual property funding trust, which focuses on investing in, financing, and managing a portfolio of actual property assets. As with most REITs, TWO and MFA each fell sufferer to the economic squeeze that the enterprise noticed as a result of over-leveraging amongst different factors. Fortunately for our readers, TWO isn’t buying and selling at $15+; its beneath $5.

Earlier this month the organisation introduced that Two Harbors and its liquidity function continue to be strong. As greater of a reassurance update, the company’s President and Chief Executive Officer, Thomas Siering gave his input.

“In spite of this, we continue to be positive for the future of our business enterprise and you have our dedication that we will stay acutely targeted on managing our portfolio thru considerate asset selection, as nicely as lively hedging, to advantage our stockholders over the long-term.”

Since this update, shares have bounced lower back from these 52-week lows. On April 6, TWO inventory hit early highs of $3.48 and traded some of its very best single-day share quantity in the records of the stock.

Penny Stocks On Robinhood: Advaxis Inc.
penny shares to purchase Advaxis Inc. (ADXS)
Back in October of remaining year, we started out to choose up greater often on Advaxis Inc. (ADXS – Free Report). At the time, the corporation was once working on a trial for immunotherapies in its pipeline. Fast-forward to this yr and of course, we’re seeing each corporation with an immunotherapy therapy making use of it to COVID-19. While the enterprise hasn’t come out to specially country any intentions of adapting to coronavirus, it’s inside a area of interest that is pink warm proper now.

Specifically for Advanxis, it’s nonetheless working on its pipeline of immune redress especially concentrated on cancer. This year, Advaxis stated that noticed high quality medical records in its ongoing Phase half of ADSX-503 trial. The therapy is for sufferers with non-small telephone lung cancer.

“These statistics are very encouraging as they preliminarily show the capacity of ADXS-503 to beautify or fix sensitivity to checkpoint inhibitors as we had hypothesized for the duration of the layout of the find out about based totally on preclinical data.”
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