5 Penny Stocks to Watch After Facebook’s Name Change
Near the end of the trading day on October 28th, Facebook (NASDAQ: FB) made an announcement that had a sizable effect on certain penny stocks. The company stated that it would be changing its name to ‘Meta’. CEO Mark Zuckerberg stated that “We are a company that builds technology to connect. Together, we can finally put people at the center of our technology. And together, we can unlock a massively bigger creator economy.”
With penny stocks, we often see speculation having the largest role in price movement. As a result, something as simple as a name change can have a much broader impact on the stock market. So, with this name change in mind, let’s take a look at five penny stocks that could see an impact.
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