Retail investors flock to penny stocks WeWork, Amyris, Proterra

Aug 11 - WeWork, a prized startup just four years ago but now a micro-cap, and other penny stocks such as Amyris and Proterra are the latest focus of speculative bets from retail traders, with shares of the financially struggling firms rising in strong trading volume after hitting record lows this week.

Flexible workspace provider WeWork warned it could go bankrupt this week, a stunning reversal of fortune for a company that was once privately valued at $47 billion. "Trading turnover from the retail cohort tends to rise as the market experiences larger price swings," Lucas Mantle, analyst at Vanda Research, said.

"The risks are huge although you can argue that the rewards may be so as well," AJ Bell investment director Russ Mould said.

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