NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday:
Sterling Bancorp, up 79 cents to $24.62.
Webster Financial is buying the regional bank in an all-stock deal.
Herman Miller Inc., down $3.84 to $40.46.
The furniture maker is buying Knoll for $1.8 billion in a cash-and-stock deal.
GameStop Corp., up $9.68 to $164.37.
The video game retailer said George Sherman will resign as CEO by July 31.
Peloton Interactive Inc., down $8.46 to $107.75.
Safety regulators issued a warning about the fitness equipment company's treadmills after one child died and others were injured.
Tesla Inc., down $25.15 to $714.63.
A fatal car crash in Texas reportedly involved one of the electric vehicle maker's models.
Clean Energy Fuels Corp., up 70 cents to $11.84.
The provider of natural gas as an alternative fuel for vehicle fleets signed a deal with Amazon.
Harley-Davidson Inc., up $3.91 to $44.29.
The motorcycle maker's first-quarter profit beat analysts' forecasts.
Haemonetics Corp., down $42.29 to $74.68.
CSL Plasma is not renewing its supply deal with the provider blood management systems.
Featured Article: What are Bollinger Bands?7 Penny Stocks That Don’t Care About Robinhood
By the time you read this Vladimir Tenev, the CEO of the trading app Robinhood, will be testifying in front of Congress. The company’s role in the GameStop (NYSE:GME) short squeeze will be called into question.
However, the real issue at stake is the right of traders to buy and sell the equities of their choice. In the case of Robinhood, some traders are buying a lot of penny stocks. While definitions vary, penny stocks are generally considered stocks that are trading for less than $10 per share. These stocks are largely ignored by the investment community.
One reason is that many of these stocks are cheap for a reason. For example, the company may have a business model that is out of date. In other cases, they operate in a very small, niche market that doesn’t drive a lot of revenue.
And most of these stocks are ignored by the investment community. They simply aren’t considered significant enough to spend time debating.
But some penny stocks do have the attention of Wall Street. And they’re being largely ignored by the day trading community. The focus of this special presentation is to direct you to penny stocks that have a story that the “smart money” thinks will eventually be trading at much higher prices.
And that’s why you should be looking at them now.
View the "7 Penny Stocks That Don’t Care About Robinhood"
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