With the speculative mania of 2020 and 2021 now a distant memory, many penny stocks that surged have all but given back their gains.
Along with this, many former high-fliers have joined them, as members of the penny stock club. Once trading at lofty levels, these names now command more modest prices.
These seven popular penny stocks have declines that are as much the product of worsening fundamentals as they are the product of changing market conditions.
Don’t go bottom fishing. Avoid them instead.
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