Penny stocks are risky. That’s why we attach a warning to the tail-end of penny stock articles. It’s also why the SEC warns of their dangers. “Penny stocks may trade infrequently — which means that it may be difficult to sell penny stock shares once you have them. Because it may also be difficult to find quotations for penny stocks, they may be impossible to accurately price. Investors in penny stock should be prepared for the possibility that they may lose their whole investment.” In short, pay
Petco Health & Wellness stock was rising sharply Wednesday after the pet goods retailer topped quarterly estimates and issued strong guidance. For its first fiscal quarter ended May 4, the company reported an adjusted loss of 4 cents a share, narrower than the loss of 6 cents Wall Street expected. Shares were up 32% to $3.23, on track for their largest increase on record, based on available data to January 2021, according to Dow Jones Market Data.
Earlier last week, investor Keith Gill, better known as Roaring Kitty, returned to X, the social media platform formerly called Twitter. Roaring Kitty was a huge factor in the initial meme stock phenomenon back in 2021. With his return to social media, dozens of meme stocks saw massive gains. Shorts sellers are on the retreat and all sorts of highly-shorted stocks are blasting off right now. Not all meme stocks are of equivalent quality, however. Many of these heavily-shorted companies have seen