If you are a heavy-hitter in the stock game, or maybe a small-time investor in the market and heavy into penny stocks, having a stock report that keeps you updated on a daily basis is beneficial in staying afloat in today’s unpredictable markets.
The SEC Definition of penny stocks states: low-priced, speculative security of a very small business, not judged by market capitalization or whether it trades on a securities exchange “NYSE or NASDAQ” or a listing service, such as the OTCBB.
Some other terms for penny stocks include, micro-cap stock, small caps, and nano caps all mean the same thing The SEC definition says that penny stocks status are determined by share price, not market capitalization or listing company.
Penny stocks are normally traded for less than 5$ a share and is traded over the counter through services such as the Bulletin Boards or the Pink Sheets, valuable tools for keeping up with activity on your penny stocks list.
In today’s U.S. financial markets, the term penny stocks commonly refers to any stocks traded outside one of the major exchanges (NYSE, NASDAQ, or AMEX), and is often considered by the SEC to be a deprecating act. Funny that they would think so, because they were at the helm of some of the deregulation tactics of the previous 8 years that has resulted in our country’s worst economic reporting since the great depression.
