Nasdaq Has Hundreds of Penny Stocks. Now It’s Trying to Purge Them. – The Wall Street Journal

Nasdaq, a major stock exchange, is cracking down on penny stocks. The exchange, known for its technology and biotech companies, has hundreds of these low-priced stocks listed. Now, Nasdaq is making efforts to clean up its listings by removing these penny stocks. This move aims to improve the overall quality of companies listed on the exchange. Investors should be aware of these changes and consider the implications for their portfolios.