It’s easy to buy and sell small-cap and penny stocks on Cash App: you just need to have an account on the app to start trading.įirst, you go to the investment section on Cash App and select which penny stock you want to buy by searching for it.Īfterward, you can just buy the number of shares you would like and then confirm your payment.įinally, you’ll receive your shares of penny stocks on Cash App. However, by performing extensive due diligence, this risk could be mitigated, and the payoff can be massive. So while penny stocks can create huge growth for an investor, there is increased potential for losses. This means that the price of a particular penny stock can lower just as quickly as it rises.Ĭonventional stocks don’t experience this level of volatility because their value doesn’t fluctuate as much. Penny stocks have low liquidity, meaning that people aren’t trading these stocks too often and this results in more volatility. Penny stocks are shares of companies that have a market capitalization of less than $300 million - this is a lot smaller than big companies or large-cap companies like Apple, Walmart, or Google. These stocks are called penny stocks, and some of them have shown major growth throughout the years.īecause of their comparatively low market price to other conventional stocks, penny stocks are easier to invest in and you can easily monitor their growth, too. Some stocks are more accessible than others because of their low price per share - like stocks that have a price of less than $5 per share. Stocks are often thought of as investments that go to hundreds or thousands of dollars. We’re kicking off our guide with a brief overview of everything you need to know about penny stocks. If you’re new to trading penny stocks, don’t worry. The ease of use of Cash App is a major draw to investors looking for a quick, easy solution to trading on the go, and this platform certainly delivers. You can start trading stocks for as low as $1 per share on CashApp, so this is a great entry price for new investors.Įven better, this app lets you start trading for zero commission (it’s free!). 6 Penny Stocks on CashApp: Final Thoughtsīut did you know that you can also trade penny stocks on CashApp? Keep reading for our picks of the best penny stocks on CashApp.

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