News Formal

Individual-Investing Boom Fuels Trading in Low-Price Stocks

  • 📰 WSJ
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

During several months this spring and summer, more than 25% of the shares traded in the U.S. stock market were in companies with a share price below $5, according to data from the New York Stock Exchange

By Alexander Osipovich Close Alexander Osipovich Oct. 16, 2020 5:30 am ET On one Thursday in August, more than 10% of all U.S. stock-market trading volume was in shares of Gevo Inc., a little-known renewable-fuels company.

That is why individuals play an outsize role in low-price stocks. Individual investors fueled unusual rallies this year in stocks like Eastman Kodak Co. and bankrupt car-rental company Hertz Global Holdings Inc. Individual trading activity began to soar in late 2019, after the brokerage industry shifted to free stock trades, and it accelerated this year after the coronavirus forced millions of Americans to stay home with little to do.

Webull says about 56% of the U.S. stock trades it has handled this year have been in stocks priced at $5 or lower.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Interesting 🧐 in terms of stocks like $Plug $Home $NIO etc. up by almost 300% due to COVID-19 discounts it makes sense. TimeAndMoney - 😏☕️🦍🇺🇸

🤔🤔

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. crude, fuel stocks drop in most recent week: APIU.S. crude oil and fuel stocks fell last week, data from industry group the American Petroleum Institute showed on Wednesday. Did you think by 2020 all cars would be electric? negative oil end of month 😊
Source: Reuters - 🏆 2. / 97 Read more »

These stocks trading at discounts to their valuations may be worth buying, traders sayTwo traders sift through a group of stocks 'on sale' to find bargain buys in the market. What about this Tell the truth $tcnnf $curlf $gtbif TradingNation $MYL $LEN $TAP $INTC and $T $TSN are on my radar.
Source: CNBC - 🏆 12. / 72 Read more »

Zoom, Peloton get Street-high price targets, but two traders are at odds on the stay-at-home stocksStay-at-home plays Zoom and Peloton are surging after receiving Street-high price targets, but two traders remain split on the stocks' prospects. Great stocks if you got in at the right point. Valuations now, waaay too high. Remember, pigs get slaughtered.
Source: CNBC - 🏆 12. / 72 Read more »