Best Penny Stocks on Robinhood

Every month we see a change in the list of popular stocks and also find some new faces

in the market. Keep in mind that here we will discuss only the best penny stocks of Robinhood. It

does not necessarily mean that you should buy these stocks for the investment. It is just for your

information and to enhance your knowledge with the stock market.

Before going into details, you must know about Robinhood trading application. It is one

of the most popular platforms, helping traders to know about stock details. It allows you to trade

without paying crazy fees. Here we are going to highlight some of the most popular penny stocks

on Robinhood in 2019.

Fitbit (FIT)

It remained the most popular penny stock on Robinhood in June 2019. However, it

showed high fluctuation in its stock prices during the last few months. That is why we mentioned

above that these are only available penny stock on Robinhood. The order of these penny stock

does not show priority to purchasing of these stock. Also, the Fitbit shares showed a fall in its

share prices at the end of June 2019. According to the rough estimate, the company showed a fall

of $0.50 to deal with negative sentiments.

Plug Power (PLUG)

PLUG is another accessible and best penny stock of Robinhood. Similar to NIO, PLUG

showed a significant fall in its share value during the ending week of June 2019. Roughly, shares

showed a fall of 17% in the last of June. However, the company is focusing on fueling cell

development and on improving its share values in the market.

Chesapeake Energy (CHK)

When talking about the popular penny stocks on Robinhood, Chesapeake Energy

becomes prominent. If you are aware of the stock market well, you must be aware of the

fluctuating price of the Chesapeake Energy. Its prices showed a rise in May but then started

falling to $1.74. However, in June this penny stock regained its value and showed a bit increase

to $1.95 by the end of June 2019. Now it is expected that this penny will show more rise in the

coming months of 2019.

Nio (NIO)

NIO Stock is a very excellent penny stock. The people who are aware of the stock market

must be aware of its rise and fall during 2019. NIO was showing a significant surge in its prices

for a long time. However, then suddenly it showed a considerable fall in its costs. Despite

substantial efforts, NIO stock could not recover the amount. There were a lot of reasons for its

fall, but the most prominent was mounting competition in China's EV market. Still, NIO could

not recover its position in the stock market. Due to its fall, many of the traders started selling its

shares. Though this was hard for many millennial traders, they had to sell their shares at a low

price. Especially those who loved this penny were calling it the next TSLA, but it is not showing

any rise in its price. In the last few months of 2019, NIO showed a loss of 20% in the stock

market. However, in the future, it is expected that NIO will regain its position with an unbeatable

rise.
Groupon (GRPN)

Groupon Inc. appears on the fifth number rank amongst all penny stock in the market.

This stock also could not show a significant rise in the previous few years. In the year 2019,

Groupon Inc. hit the highest rate of $3.75 in June 2019. However, with time, it started showing a

fall and showed #3.34 by the end of June 2019. The report of the Chief Product Officer of

Groupon, Sarah Butterfass, showed that nearly 20% of the all United States' users buy Groupon

Inc. Stock every month.

Though this penny stock is also showing a rise and fall, it is most preferred penny stock in the

market. Since June 25, the share value of Groupon is also rising and are expected to cross $4

soon. However, you cannot predict anything regarding the stock market.

Penny Stocks show very rapid growth and fall, and that is why no one can predict anything

related to them. In the same month, you will observe a massive rise in its shares and then a rapid

fall. If you are investing in Penny stock, hold it for a long time and wait until it shows a

significant rise in the stock market. Further, if you want to know more about Penny stocks on

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