How to do penny stock research?

Penny stock research is easy to do with Trade Ideas. The scans can be defined on criteria like technical analysis patterns, price action, and fundamental data. Trade Ideas is a paid stock screener, and the monthly costs with this discount code start at about $75.

What is a penny stock on the NASDAQ?

One example of a penny stock listed on the Nasdaq is Catalyst Pharmaceuticals Inc. (CPRX), a small biopharmaceutical company based in Coral Gables, Florida. As of Jan. 7, 2021, the stock price is $3. 55 per share. In the last 12 months, the share price has fluctuated between $2 and $5. On August 10, 2020, the stock closed at $4.

What is a penny stock scam?

Large amounts of a penny stock are purchased followed by a period when the stock is hyped up or pumped up. Once other investors rush to buy the stock, the scammers sell their shares.

Where do penny stocks trade?

Although some penny stocks trade on large exchanges such as the New York Stock Exchange (NYSE), most penny stocks trade via over the counter (OTC) transactions. Transactions take place through the electronic OTC Bulletin Board (OTCBB) or through the privately-owned Pink Sheets.