Let’s say you invest $300 for 100 shares of a stock trading at $3. While this is an extreme example, it shows that terminology only paints a small part of the picture. Even so, it’s stock regularly trades for several hundred dollars per share and the company is one of the largest retailers in the world. ![]() When you do your research, a term like penny stock shouldn’t scare you.įor example, Costco (NASDAQ: COST) is a discount retailer that hosts customers in large warehouses. The Securities and Exchange Commission (SEC) considers stocks that trade under $5 to be penny stocks. Yes, these are often the best cheap stock to buy even if they’re called “penny stocks”. But unlike stocks under $10 or stocks under $20, stocks under $5 are in a separate category. Stocks that trade under $5 are considered cheap stocks.
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