Stocks in the $10-50 range offer a sweet spot between affordability and stability as they’re typically more established than penny stocks.
But their headline prices don’t guarantee quality, and investors should exercise caution as some have shaky business models.
Shares of video game retailer GameStop (NYSE:GME)
fell 3.8% in the afternoon session after the major indices pulled back (Nasdaq -0.8%, S&P 500 -0.77%), largely due to escalating concerns surrounding the July 9th deadline for new US tariffs, now amplified by specific announcements.
Public companies continued to expand their Bitcoin (CRYPTO: BTC) holdings at a faster pace than exchange-traded funds (ETFs) for the third consecutive quarter, signaling a growing corporate interest in holding Bitcoin directly.
Anthony Pompliano's newly launched company, ProCap BTC, LLC, leapfrogged GameStop Corp. (NYSE:GME) in Bitcoin (CRYPTO: BTC) holdings after bagging another big BTC stash on Wednesday.
A company with profits isn’t always a great investment.
Some struggle to maintain growth, face looming threats, or fail to reinvest wisely, limiting their future potential.
According to Anthony Pompliano’s post on X, the deal for ProCap BTC includes more than $750 million in capital raised, which he claims is the largest initial fundraise in history for a publicly traded Bitcoin treasury company.
GameStop shares are trading marginally higher Wednesday afternoon. The company has completed a private offering of $2.25 billion in convertible senior notes.
A number of stocks jumped in the afternoon session after the major indices rebounded (Nasdaq +1.5%, S&P 500 +1.0%) as reports pointed to easing tensions between Israel and Iran.
