All penny stocks out there

Screening Filters

1. Price: min 0.0001, max 5

   • Purpose: Identify low-priced stocks that fit the standard definition of “penny stocks.”
   • Rationale:
     • In U.S. markets, a common regulatory and industry definition of a penny stock is a security trading below $5 per share.
     • Setting the maximum price to 5 directly matches that definition.
     • The minimum price of 0.0001 simply excludes non-trading/zero-price entries and keeps effectively all tradeable ultra-low-priced names (fractions of a cent) in the universe.

2. Region: United States

   • Purpose: Restrict results to stocks associated with the U.S. market.
   • Rationale:
     • Your request is specifically for penny stocks in the US market, so limiting the region to United States ensures that foreign listings or non-U.S. markets are excluded.
     • This focuses the screen on U.S.-domiciled or U.S.-listed equities.

3. Exchanges: XNYS (NYSE), XNAS (NASDAQ), XASE (AMEX)

   • Purpose: Limit the search to major U.S. exchanges.
   • Rationale:
     • These three are the primary U.S. stock exchanges where many lower-priced stocks (including some penny stocks) are listed.
     • Using these allows for better data quality, liquidity, and transparency than the over-the-counter (OTC) markets.

Why Results Match:

• The price filter (≤ $5) aligns with the standard definition of penny stocks in the U.S.
• The region filter (United States) ensures we are only looking at the U.S. market, exactly as you requested.
• The exchange filters (NYSE, NASDAQ, AMEX) capture U.S.-listed penny stocks on the main exchanges.

Important Limitation vs. Your Request (“all penny stocks in the US market”):

• Your wording suggests all penny stocks in the U.S., which in practice would include many OTC / Pink Sheet names.
• Our current filters do not include OTC markets, only major exchanges.
• We do this because:
  • OTC data quality and liquidity can be poor.
  • Many OTC names are extremely speculative and less transparent.
• Even though this is not literally all U.S. penny stocks, these filters still provide a broad and higher-quality subset of U.S. penny stocks that trade on the main regulated exchanges, which is often more useful and practical for analysis and investing decisions.