UAA - 3 Great Stocks Around $10 a Share
The allure of penny stocks is that you can control a lot of shares for relatively little money, so that even small upward movements in the price can result in windfalls. That's the theory. But with that potential comes outsized risk -- the fact is, you're more likely to lose your capital in penny stocks than realize any gains. That's why investors should avoid buying them.
Low-priced stocks on the major exchanges offer some of the same allure. Usually a stock that seems cheap is cheap for a reason. But "usually" doesn't mean "always." Below are three stocks that trade around $10 a share. Although they've been knocked down for a reason, their business isn't broken -- and that means investors might be able to capitalize on the setbacks.
Image source: Getty Images.