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AKBA and other stocks under $3

Posted on 5/27/25 at 7:41 am
Posted by Jax-Tiger
Vero Beach, FL
Member since Jan 2005
27237 posts
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Posted on 5/27/25 at 7:41 am
I have some AKBA. When I bought in a couple of months ago, Fidelity had restrictions on stock under $3. I assume that maybe other brokers have similar restrictions.

AKBA is pushing 3 bucks now, so will crossing that threshold be a boost to the price in itself? Lifting the restrictions?
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Posted by Fat Batman
Gotham City, NJ
Member since Oct 2019
1608 posts
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Posted on 5/27/25 at 10:52 am to Jax-Tiger
I had no issues getting AKBA in my Fidelity ROTH IRA at a substantially lower price than today.

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Posted by Jax-Tiger
Vero Beach, FL
Member since Jan 2005
27237 posts
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Posted on 5/27/25 at 11:04 am to Fat Batman
quote:

I had no issues getting AKBA in my Fidelity ROTH IRA at a substantially lower price than today.


I just rolled my brokerage account over to Fidelity from Schwab and AKBA was the first stock I bought that was under $3 - I think I got it at $1.73. When I went to buy, they had me call a number and make the order over the phone. I had to confirm that I was aware of the risks of penny stocks and that I did, indeed, want to purchase the stock.

It was a one time thing, I believe, because I bought more a little later on and didn't have to go through that routine, again.
This post was edited on 5/27/25 at 11:07 am
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Posted by dstone12
Texan
Member since Jan 2007
39297 posts
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Posted on 5/27/25 at 11:08 am to Jax-Tiger
You have th enable penny stock trades for my version of fidelity.
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