SRNE - Should You Follow Robinhood Investors Into These 2 Risky Coronavirus Stocks?
Our experts issued a rare "Double Down" Buy alert on this one stock... Learn more.
Investors using the Robinhood platform are known for seeking out stocks that may make big share moves in a short period. As a long-term investor, I'm more interested in stocks that will steadily climb over time. But sometimes these two strategies can converge. A stock may skyrocket for one particular reason -- but also offer reasons for steady gains farther down the road.
These days, Robinhood investors are piling into shares of coronavirus stocks, including Inovio Pharmaceuticals (NASDAQ: INO) and Sorrento Therapeutics (NASDAQ: SRNE) . Both are among Robinhood investors' top 100 most popular holdings right now. Inovio and Sorrento shares gained earlier this year among optimism about their coronavirus programs, then slipped. Now the question is whether more potential for share gains lies ahead.
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Should You Follow Robinhood Investors Into These 2 Risky Coronavirus Stocks?