Top Penny Stocks To Add to Your Watchlist – December 20th

Luminar Technologies, Direxion Daily TSLA Bear 1X Shares, Autozi Internet Technology (Global), Under Armour, and Beyond Meat are the five Penny stocks to watch today, according to MarketBeat’s stock screener tool. Penny stocks are shares of very small companies that trade at low per-share prices—typically under $5 according to U.S. regulators—and are often quoted on over-the-counter markets or on small-cap exchanges. They generally have low liquidity, wide bid–ask spreads and high price volatility, making them highly speculative and carrying a greater risk of large losses or fraud for investors. These companies had the highest dollar trading volume of any Penny stocks within the last several days.

Luminar Technologies (LAZR)

Luminar Technologies, Inc., an automotive technology company, provides sensor technologies and software for passenger cars and commercial trucks in North America, the Asia Pacific, Europe, and the Middle East. It operates in two segments, Autonomy Solutions and Advanced Technologies and Services. The Autonomy Solutions segment designs, manufactures, and sells laser imaging, detection, and ranging sensors or lidars, as well as related perception and autonomy software solutions primarily for original equipment manufacturers in the automobile, commercial vehicle, robo-taxi, and adjacent industries.

Direxion Daily TSLA Bear 1X Shares (TSLS)

The Direxion Daily TSLA Bear 1X Shares (TSLS) is an exchange-traded fund that is based on the Tesla, Inc. index. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLS was launched on Aug 9, 2022 and is managed by Direxion.

Autozi Internet Technology (Global) (AZI)

Autozi Internet Technology (Global) Ltd., through its subsidiaries, provides professional one-stop automotive products and services through online and offline channels in the People’s Republic of China. It sells new cars, and auto parts and accessories, as well as offers automotive insurance related services.

Under Armour (UAA)

Under Armour, Inc., together with its subsidiaries, engages developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.

Beyond Meat (BYND)

Beyond Meat, Inc., a plant-based meat company, develops, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells a range of plant-based meat products across the platforms of beef, pork, and poultry. It sells its products through grocery, mass merchandiser, club stores, and natural retailer channels, as well as various food-away-from-home channels, including restaurants, foodservice outlets, and schools.