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What are the Top Performing Penny Stocks Today?

Emma MarroneVerified
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Summary：Looking for the most active penny stocks? Check out Ocugen Inc. (OCGN), Cinedigm Corp. (CIDM), and Sundial Growers Inc. (SNDL) - all top performers in the past year.

What are the Top Performing Penny Stocks Today?

Penny stocks, also known as small-cap stocks, are shares of companies with a low market capitalization, typically under $5. These stocks are often associated with higher risk due to their volatility and lack of liquidity. However, they can also offer significant growth potential for investors who are willing to take on the risk. In this article, we will explore some of the top performing penny stocks today and what makes them stand out.

1. Ocugen Inc. (OCGN)

Ocugen Inc. is a biopharmaceutical company that focuses on developing gene therapies for eye diseases. The company's stock has seen a surge in value recently due to its partnership with Bharat Biotech to develop a COVID-19 vaccine. The stock has gained over 900% in the past year, making it one of the top-performing penny stocks today.

2. Cinedigm Corp. (CIDM)

Cinedigm Corp. is a digital media company that provides content distribution services for various platforms. The company's stock has seen a significant increase in value recently due to its expansion into the streaming market. The stock has gained over 500% in the past year and is expected to continue growing as the demand for streaming services increases.

3. Sundial Growers Inc. (SNDL)

Sundial Growers Inc. is a Canadian cannabis company that produces high-quality cannabis products for both medical and recreational use. The company's stock has seen a surge in value recently due to the legalization of cannabis in several states in the US. The stock has gained over 1,000% in the past year and is expected to continue growing as the cannabis industry expands.

Investing in Penny Stocks

Investing in penny stocks can be a risky venture, but it can also offer significant rewards for those who are willing to take the risk. Here are some tips to keep in mind when investing in penny stocks:

1. Do your research: Before investing in any penny stock, it is important to do your research and understand the company's financials, market trends, and potential for growth.

2. Diversify your portfolio: Investing in penny stocks should be part of a well-diversified portfolio that includes a mix of stocks, bonds, and other investments.

3. Set realistic expectations: Penny stocks can be highly volatile, and it is important to set realistic expectations for your investments.

4. Use stop-loss orders: To minimize your risk, consider using stop-loss orders to automatically sell your shares if the stock falls below a certain price.

Conclusion

Penny stocks can offer significant growth potential for investors who are willing to take on the risk. However, it is important to do your research, diversify your portfolio, and set realistic expectations when investing in these stocks. By following these tips, you can increase your chances of success and minimize your risk.

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most active penny stocksOcugen Inc.Cinedigm Corp.Sundial Growers Inc.top performers
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