Published on 3 Nov 2022 on Insider Monkey via Yahoo Finance
15 Best High Volume Penny Stocks to Buy Now
In this article, we discuss the 15 best high volume penny stocks to buy now. If you want to read about some more high volume penny stocks, go directly to 5 Best High Volume Penny Stocks to Buy Now.
Penny stocks had become an important indicator of the overall health of the stock market in the past few years as zealous retail investor interest and a record surge in the prices of risky assets like cryptocurrencies, mostly in Over-the-Counter (OTC) markets, led to over $500 billion worth of related trades in the first eight months of 2021. Some of the top sectors that benefited from this activity included financial technology, biotechnology, cannabis, and cryptocurrencies, among others discussed in detail below.
This year, as inflation has climbed and interest rates rise, retail investors have had to limit their trades in these penny stocks as more value-oriented options like Starbucks Corporation (NASDAQ:SBUX), McDonald’s Corporation (NYSE:MCD), and Yum! Brands, Inc. (NYSE:YUM) shine in a recessionary macro environment. However, as the economy rebounds from peak inflation, trade in these penny stocks is likely to explode as retail investors return to the market to make the most of the recovery momentum.