Emerson Radio Corp. (MSN)

[NewJerichoMan]

"Penny Stocks To Buy [or sell]: Emerson Radio Corp.
Emerson Radio Corp. ( MSN Stock Report ) is one of the lower float names on this list. Something to keep in mind with low float penny stocks is that they tend to be very volatile especially in light of above-average trading volume. On Monday, MSN stock jumped over 25%, trading its highest, single-day share volume since June.

There weren’t any headlines nor filings to accompany the move. The company is one of the nation’s oldest consumer electronics distributors. You’ve likely seen the logo on plenty of electronics and appliances if you recall going to department stores, pre-COVID. One of the things to consider with companies like Emerson is what’s going on in the U.S. right now. A push for stimulus, on a basic level, means money in consumers’ pockets. The company’s customers include Kroger, Wal-Mart, Amazon.com, and Fred Meyer."


If no news accompanies this spike, should be a slow grind back to low 70's or high 60's.