![]() The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. Read More: Penny Stocks - How to Profit Without Getting Scammed If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that ’s writers disclose this fact and warn readers of the risks. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. ![]() On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. However, for now, Sequential Brands remains an intriguing stock to watch from the sidelines. Indeed, time will tell how this embattled stock does from here. If today’s price action is any indication, perhaps penny stock investors are right with Sequential Brands. Additionally, it appears relatively high short interest in this stock has spurred the potential for a meme-stock rally. Change the date range, see whether others are buying or selling. Given the rallies other bankruptcy stocks, such as Hertz (OTCMKTS: HTZZ), have seen, investors seem to be buying the dip. You can watch SQBG and buy and sell other stock and options commission-free on Robinhood. However, these reasons can be markedly worse. Normally, stocks are given delisting notices as a result of the company’s stock price falling below the $1 threshold. This appears to be due to delinquent 10-Q fillings for recent periods in addition to the voluntary Chapter 11 bankruptcy proceedings besetting Sequential Brands. The Nasdaq informed Sequential Brands that the company was not in compliance with listing rules. ![]() The key driver behind yesterday’s massive selloff in SQBG stock was a delisting notice the company received yesterday. SQBG Stock Is a Highly Volatile Penny Stock of Late
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