Are penny stocks getting the memestock treatment?

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Why some penny stocks are trading more than shares in Tesla

Penny stocks are having a moment. In recent months, little-known companies with names such as Bit Brother and Phunware have been among the most traded stocks in America’s public markets, surpassing companies like Tesla and popular exchange traded funds. The FT’s US markets editor Jennifer Hughes explores why this is happening, and whether retail investors should think twice before diving in.

One part will be in Unhedged’s feed and the other part will be right here, in Behind the Money’s feed. We’ll be back to our regular Wednesday schedule the following week.

 

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