Investing
A Handful of Penny Stocks Just Made Up a Fifth of U.S. Volume
- Six companies made up almost one-fifth of trading Monday
- Most share volume is off-exchange for the first time ever
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For a stark illustration of how dominant individual investors have become in U.S. equities, check out the proportion of volume happening in the tiniest stocks.
While it’s not unheard of to see a microcap like pet-medicine maker Zomedica Corp. top the most-active list with a billion shares traded, as it did Monday, it is notable when it and five other companies selling for less than $1 make up almost a fifth of overall volume. That also occurred yesterday, data compiled by Themis Trading LLC’s Joseph Saluzzi show.