IBIO - 3 Compelling Biotech Stocks to Consider Buying While They're Hot on Robinhood
Traders on the Robinhood investing app are notorious for picking highly speculative stocks -- and as a group, they're too powerful to ignore if you're considering an investment in smaller biotech companies. Especially in the context of hot equities with millionaire-maker potential, hopping on the Robinhood bandwagon could be profitable. But you'll need to know which popular picks are worth holding for the long term, and which are likely to drop as soon as the Robinhood traders get bored.
All three of the biotechs I'll discuss today are in the top 100 most-held stocks by Robinhood traders, though only one is profitable. Make no mistake: These stocks are risky. Nonetheless, each of these companies has a few factors in its favor aside from being popular with retail traders, so if you're looking for a high-risk and high-reward stock to add to your portfolio, one of these might be worth buying.
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