A recent market analysis reveals that 13 penny stocks have experienced significant declines, with losses ranging from 15% to 55% over the past month. These underperforming stocks, characterized by low market capitalization and share prices, highlight the inherent risks associated with penny stock investments. Investors are cautioned about the volatility and potential for manipulation in this segment.
Negative Breakout: These 11 stocks cross below their 200 DMAs
In the Nifty 500 pack, the closing prices of 20 stocks fell below their 200-day moving averages on February 13, according to StockEdge.com’s technical scan