La Rosa Holdings Corp., Pop Culture Group, and Faraday Future Intelligent Electric are three penny stocks to keep an eye on for June 27, according to TipRanks’ Penny Stock Screener tool. Penny stocks are stocks that trade at or below $5 per share and have a market capitalization of less than $300 million.
The Penny Stock Screener tool helps investors filter stocks based on various criteria such as Sector, Price Target Upside, Smart Score, Analyst Consensus, Dollar Volume, and Price Change.
By using the tool, we identified the top three penny stocks with the highest Dollar Volume as of the close on June 26, 2024. Dollar Volume is calculated by multiplying the number of shares traded in a day by the share price. Additionally, we can look at Relative Volume and Average Volume (last 3 months) to see if trading volumes are higher than usual.
La Rosa Holdings Corp. (NASDAQ:LRHC) operates a real estate services platform that integrates residential brokerage, mortgage, title, and insurance services. On June 26, LRHC had a Dollar Volume of $121.51 million, with its stock price increasing by 22.2%. The company recently announced the white labeling of its AI-powered system, JAEME, which has contributed to a significant surge in its stock price.
Pop Culture Group (NASDAQ:CPOP) is a Chinese entertainment company that focuses on promoting hip-hop culture among youth. The company had a Dollar Volume of $63.26 million on June 26, with its stock price rising by 15.5%. There is no specific news explaining the unusual trading volume in Pop Culture Group stock.
Faraday Future Intelligent Electric (NASDAQ:FFIE) manufactures smart electric connected vehicles and has recently gained attention due to meme stock frenzy. On June 26, FFIE had a Dollar Volume of $48.70 million, with its share price surging by over 73%. The company’s rally was supported by positive news in the EV industry and its efforts to regain NASDAQ listing compliance.
For more penny stock options, investors can explore TipRanks’ Penny Stock Screener tool, which provides a comprehensive list of penny stocks along with their price movements and other essential data.
Disclosure: This article is for informational purposes only and does not constitute investment advice.