Penny stocks under $5 run harder
Low-priced shares are sometimes expected to move more sharply because a small dollar change is a larger percentage move.
Result
Worse than baseline — The observed result was below the matched baseline.
- Observed up-rate
- 38.6%
- Volatility-matched expected rate
- 42.8%
- 95% lift interval
- 0.88 ~ 0.93x
- Signals · symbols · dates
- 15,857 · 1,990 · 256
As of 2026-10-22 · Observed period 2025-09-29 to 2026-10-22
Source: DawnScan daily scan records and daily price records
Rule definition
An event is a stock entering with a close below $5, after the scanner's liquidity screen.
Why people use this rule
Low-priced shares are sometimes expected to move more sharply because a small dollar change is a larger percentage move.
Results by market regime
| Regime | Cases | Observed | Expected | Verdict |
|---|---|---|---|---|
| Neutral | 3,146 | 37.2% | 40.9% | Worse than baseline |
| Risk-off | 1,139 | 60.2% | 68.8% | Not enough data |
| Risk-on | 11,460 | 36.9% | 40.8% | Worse than baseline |
| Other | 112 | 38.4% | 37.5% | Not enough data |
Recent confirmed cases
| Date | Symbol | Outcome |
|---|---|---|
| 2026-10-22 | VSME | +28.1% Delisted (last recorded value) |
| 2026-10-02 | ZNB | -71.5% |
| 2026-10-02 | ZIP | +18.3% |
| 2026-10-02 | YYAI | -32.9% |
| 2026-10-02 | WSHP | -52.9% |
| 2026-10-02 | VCIG | -87.7% |
| 2026-10-02 | TRVG | -23.3% |
| 2026-10-02 | TOYO | +3.7% |
| 2026-10-02 | TNMG | -18.3% |
| 2026-10-02 | SVRA | +0.2% |
| 2026-10-02 | SRXH | -37.3% |
| 2026-10-02 | SPRO | -10.9% |
| 2026-10-02 | SORA | +9.9% |
| 2026-10-02 | SMX | -57.1% |
| 2026-10-02 | SLDP | -15.9% |
| 2026-10-02 | SION | -21.2% |
| 2026-10-02 | SFIX | +3.4% |
| 2026-10-02 | RR | -43.7% |
| 2026-10-02 | RPAY | +19.9% |
| 2026-10-02 | RETO | -64.1% |
| 2026-10-02 | REBN | -27.1% |
| 2026-10-02 | QTRX | -20.2% |
| 2026-10-02 | PTON | +4.1% |
| 2026-10-02 | PRLD | +5.7% |
| 2026-10-02 | PPSI | -23.3% |
| 2026-10-02 | PIM | +2.0% |
| 2026-10-02 | PEW | +0.5% |
| 2026-10-02 | ORBS | -30.0% |
| 2026-10-02 | OCG | -7.5% |
| 2026-10-02 | NAGE | -16.5% |
Method and limitations
Definition: An event is a stock entering with a close below $5, after the scanner's liquidity screen.
Historical outcomes only. The sample may reflect a limited market regime. Results do not account for stops, position sizing, fees, or taxes.
Past data · not investment advice