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July 3, 2022, 11:31 a.m. EDT

How to Make a Penny Stocks Watchlist in July 2022

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Understand What Penny Stocks Are

When it comes to buying and selling penny stocks, knowing what they are and how to trade them is extremely important. Penny stocks are often seen as high-risk investments, and with good reason. These stocks are usually much more volatile than the average stock, which means they can rise and fall in value very quickly. For penny stock traders, this can be both good and bad news.

[Read More] Top Penny Stocks to Buy Today? 3 to Watch Right Now

Good news because penny stocks offer the potential for huge profits in a very short period of time. Bad news because these same stocks can also lose a lot of money just as quickly. Another factor to keep in mind with penny stocks is that they are very speculative. This means that they are likely to be impacted by rumors and speculation more than other stocks.

So, what exactly is a penny stock? A penny stock is a stock that trades for less than $5 per share. These stocks are traded on over-the-counter (OTC) exchanges, and larger exchanges such as the NASDAQ or NYSE. But generally, any stock trading under $5 per share can be considered a penny stock.

3 Penny Stocks to Watch in July 2022

  1. Mereo BioPharma Group plc. ( NASDAQ: MREO )

  2. Enjoy Technology Inc. ( NASDAQ: ENJY )

  3. Vallon Pharmaceuticals Inc. ( NASDAQ: VLON )

Are Penny Stocks Worth Buying?

Are penny stocks worth buying or not? This is a question that many investors have been asking in light of the recent stock market volatility. Penny stocks are generally defined as stocks that trade for less than $5 per share. And because of that, they are subject to a very high degree of price fluctuation.

[Read More] Best Penny Stocks To Watch? 4 For Your Independence Day List

So, if you're looking for short term gains, penny stocks may be worth considering. However, if you're looking for long-term investment stability, it may be worth finding more stable penny stocks or blue chips. Considering this, do you think that penny stocks are worth buying or not?

COMTEX_409620993/2643/2022-07-03T11:30:41

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