If you’re an active day trader, penny stocks are part of the lifeblood of the market. Any given day can produce at least a handful of names that ultimately experience explosive moves. Whether it’s 50%, 100%, or even 1,000%+, these are actual performance figures that traders have seen. Though not all penny stocks perform this way, the same sentiment holds true. If you know how to trade these stocks properly, there are plenty of ways to make a lot of money in very short order.
One of the hot topics of discussion in the stock market today has centered around this idea of the metaverse. That’s thanks to Facebook (NASDAQ:FB). The social media company announced it would be changing its name (and ticker symbol) to reflect a new, more significant picture directive for the company. What will be known as Meta, the “new Facebook,” will focus on bringing augmented reality, virtual reality, and digital experiences into the mainstream.