Top 10 Penny Stocks On Robinhood To Watch For September
This is becoming a popular feature on TransparentTraders.me: The 10 most popular “Robinhood penny stocks” to watch.
There are many different trading platforms for penny stocks. But none offer commission-free trading like Robinhood. This basically means that you don’t have to pay for every trade you make which makes trades more profitable. And, as stock traders already know, you can make a lot of money with penny stocks without commission-free trading as it stands now.
It can be advantageous to buypenny stocks on Robinhood if you have a small amount of capital to trade with. Robinhood also puts the hottest stocks right in front of you making it easy if you’re new to trading.
[Read More] These 3 Penny Stocks Are Up Big in September
While hot stocks can make you money, it’s not always a guarantee. And these aren’t top-performing penny stocks either. They are the most popular. Looking to find some of the top penny stocks Robinhood users are watching? Check out, “How To Buy Penny Stocks On Robinhood“. Here are some of the most popular penny stocks on Robinhood going into September 2019:
Robinhood Penny Stock #10: Glu Mobile Inc. (GLUU)
Mobile games creator Glu Mobile (GLUU Stock Report) is known for big games including Kim Kardashian: Hollywood and MLB Tap Sports Baseball. This is one of the technology penny stocks Robinhood traders have been watching. GLUU stock had been rising from September of 2018 but hit a snag in May of 2019. The company’s stock recently hit a 52-week low in late August after dropping nearly $2.50, a 33% tumble. Glu Mobile’s stock hadn’t been considered a penny stock for a whole year until then.
Robinhood Penny Stock #9: Denbury Resources Inc. (DNR)
Oil and natural gas provider, Denbury Resources (DNR Stock Report) joins September’s list of popular penny stocks on Robinhood. The company has seen quite the turn of events over the last 2 years. From September of 2017 to October of 2018 DNR stock price was continuously climbing.
Throughout August, Denbury Resources had one piece of significant penny stock news come out. This was the company’s Q2 results. It showed an increase in oil production, revenues, and net income from Q1. Furthermore, the company revealed in its results that it achieved record production volumes at Bell Creek after its flood expansion.
Robinhood Penny Stock #8: Nokia Corporation (NOK)
Nokia (NOK Stock Report) is a technologies company that is geared towards improving network equipment and software. NOK stock price has been all over the place but is currently heading towards the 52-week low of $4.76. Throughout August and late September, the penny stock has taken a 6% hit after their last dividends.
Robinhood Penny Stock #7: Groupon Inc. (GRPN)
Groupon (GRPN Stock Report) is a technology company that is shaping the way consumers and businesses interact through an online marketplace. Investors can look at GRPN stock movement in 2 ways. The first way would be the long term, which hasn’t been pretty.
In August, Groupon acquired Presence AI in order to improve the overall booking experience on its platform. This was a significant move for the company because Groupon’s year over year bookable inventory increased by 12%. Penny stock investors will be looking to see if Groupon can further capitalize on that increase in the coming months.
Robinhood Penny Stock #6: NIO Inc. (NIO)
Chinese electric car manufacturer, NIO (NIO Stock Report) also remains on the Robinhoodpenny stocks list this month. Overall, the last 52 weeks has been brutal for NIO stock. Its stock price has plummeted 60% over this time frame and cannot seem to establish a new low.
Robinhood Penny Stock #5: Chesapeake Energy Corporation (CHK)
A mainstay on the monthly list of penny stocks on Robinhood has been Chesapeake Energy (CHK Stock Report). The company is an energy provider that has obtained oil and natural gas assets in the US. While the stock has declined throughout the last year, there have been moments where investors have seen nice returns. This energy penny stock showed 80% growth from January 2019 to April 2019.
Robinhood Penny Stock #4: Plug Power Inc. (PLUG)
Fuel cell company Plug Power (PLUG Stock Report) has had an interesting year so far. The company provides cost-effective power to its customers. Since September of 2018, PLUG stock price is up almost 9% and has been trading sideways since late June. The stock could be consolidating, however, due to moves in the energy sector lately.
Robinhood Penny Stock #3: HEXO Corp. (HEXO)
Pot penny stock HEXO (HEXO Stock Report) joins the list of penny stocks Robinhood users are holding in portfolios this month. Since HEXO started trading on the New York Stock Exchange, its stock price is down 40%. While this is a significant drop, the entire cannabis sector has been getting beat down all summer. However, HEXO has been a good marijuana penny stock to watch over the last 2 months.
Robinhood Penny Stock #2: GoPro Inc. (GPRO)
Video camera company GoPro (GPRO Stock Report) has had a topsy-turvy year. GoPro is an interesting company to have landed on this list. So far the penny stock has started September strong increasing almost 4% on the 3rd and 4th.
Like last month, it is one of the most popular stocks on Robinhood in September. The company can have really impressive months as it had between January and April of 2019. It can equally have abysmal months as it had in August where it dropped 27%. Only time can tell where GPRO stock price will go.
Robinhood Penny Stock #1: Fitbit Inc. (FIT)
Yet again, Fitbit (FIT Stock Report) is the most popular penny stock on Robinhood right now. It is another technology company that sells watches meant to track your health and keep you fit. Fitbit is another penny stock that has been fantastic for swing trading yet awful for playing long ball. The penny stock dropped by over 50% year over year and experienced a massive gap down at the beginning of August.
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