The Oatly stock price peaked at $28.73 just weeks after its IPO in 2021. However, since then, competitors have risen up, and Oatly has struggled to ramp up its production. The Swedish company was one of the first oat milk companies to make an impact when it launched in the US in 2016. The premiere oat milk company Oatly is arguably the biggest name in non-dairy milk. Oatly (OTLY) – The Biggest Name in Oat Milk If Blackberry’s pivot is successful, it could be the best penny stock of 2023. In 2022, Blackberry had a net profit of $12 million which doesn’t sound like a whole lot, but that was a massive turnaround for the company. This less flashy area of business isn’t making the company as much money as it used to, but financially Blackberry is working its way back to profitability. The company has pivoted away from its once sector-defining phone business and is now focused on enterprise cybersecurity. What isn’t quite so well known is what the company has been doing since then. It’s well known that Blackberry fumbled the transition to touchscreen smartphones after the introduction of the iPhone. As of February 2023, the BlackBerry stock price sits at just under $4, up from a three-month low of $3.18 at the end of December.īlackBerry stock hit a three-year high of $14.10 in January 2021, on the back of the Reddit meme stock craze that engulfed stocks like GameStop, and AMC. Far from its one-time valuation of $137 per share in 2008, the company’s stock now dips in and out of penny stock territory on a regular basis. BlackBerry (BB) – Best Big Name Penny Stockīlackberry has fallen a long way from its heyday in the early 2000s. Let’s get started with our picks of the popular penny stocks to buy as we move further into 2023. It’s always wise to do research when buying any stock, but that is doubly true for penny stocks.
Those looking for the most popular penny stocks can analyze the different options and make a decision on their investment opportunities. A Closer Look at the Popular Penny Stocks
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