3 Penny Stocks to Buy Now: May 2024

InvestorPlace provides stock market news, stock advice, and trading tips. When it comes to penny stocks, it’s important to be aware of the risks involved. The Securities & Exchange Commission cautions that penny stocks can be difficult to trade, price accurately, and may result in a complete loss of investment.

Finding the next Apple or Advanced Micro Devices among penny stocks requires thorough research. By analyzing company fundamentals, industry trends, and SEC filings, investors can uncover potential opportunities. It’s also worth noting that company insiders buying shares can be a positive sign.

One interesting penny stock to consider is EVgo (EVGO), a company focused on electric vehicle charging. Recent insider buying by the CEO signals confidence in the stock’s future prospects. With improved earnings and growth in charging stalls, EVGO is well-positioned to benefit from the shift towards electrification.

Another penny stock worth exploring is Zura Bio (ZURA), a biotech company developing treatments for immune and inflammatory disorders. Insider buying and positive analyst outlooks suggest potential upside for the stock. With promising drug candidates and a focus on immunology, ZURA has room for growth.

Flora Growth (FLGC) is another penny stock to watch, specializing in organic cannabis and pharmaceutical-grade products. Recent developments, such as CEO share purchases and acquisitions, point to potential opportunities in the cannabis market. With increasing support for cannabis legalization and expansion into new markets like Germany, FLGC could see higher highs.

It’s important to note that penny stocks and low-volume stocks carry higher risks and may be susceptible to market manipulation. InvestorPlace advises caution when investing in these types of stocks and recommends thorough due diligence.

Overall, penny stocks can offer opportunities for growth, but investors should approach them with caution and conduct proper research before making investment decisions. The article discusses the benefits of regular exercise for overall health and well-being.

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