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Strategies & Market Trends : World Outlook
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To: Les H who wrote (40656)2/9/2024 10:58:43 AM
From: Les H  Read Replies (1) of 51270
 
There are now hundreds of US-listed firms that trade below a dollar, a majority of which started as special purpose acquisition companies, or SPACs, that went public in the boom time at the height of the pandemic and before a regulatory crackdown triggered a bust.

As of early December, 557 US-listed stocks were trading below the $1 mark, a seismic uptick from the few dozens that existed in 2021, The Wall Street Journal reported. In fact, about one-sixth of the Nasdaq Composite is now made up of penny stocks, as the exchange is popular among small-cap issuers.

markets.businessinsider.com
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