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How to Buy Panasonic Stock and Get in on the Action

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Making a deal with Tesla is a lucrative move. Panasonic should know — it's set to produce the EV company's battery cells in the Japanese manufacturing facility.

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As a publicly traded company, Panasonic stock is anyone's game. All you need to know is where to look.

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Panasonic stock trades over-the-counter

Currently, Panasonic stock trades on the OTC markets under the ticker symbol "PCRFY." Securities that trade on OTC markets do so through something called a dealer network. A dealer network is different from central exchanges like the NYSE or Nasdaq. 

Average investors can buy Panasonic stock

Thanks to modern investing technology, it's easy to snag securities of Panasonic. Brokerages have come a long way. In the past few decades, online trading has streamlined the process. 

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Since Panasonic is a large-cap corporation (thanks to its $30.06 billion market capitalization as of Jan. 6, 2021), it isn't a small-time OTC company. The stock is more readily available than penny stocks that trade through similar networks.

Buying Panasonic stock on Robinhood

Robinhood is one of many online brokerages that allows you to trade OTC stocks in addition to securities on the stock market. Since Robinhood is dealing with a network of dealers, it maintains a system of "market makers" to process deals. Individual investors aren't dealing directly with the OTC Markets Group.

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However, it's all the same for Robinhood users. They can access the stock's page and watch or buy PCRFY.

Other platforms to buy Panasonic stock

Of course, not all online brokerages offer the same access as Robinhood. Some don't offer Panasonic stock trading because they don't deal with OTC dealers.

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You can also buy Panasonic stock on Charles Schwab and similar account-based brokerages. However, the stock isn't available on Wealthfront, TD Ameritrade, or E-Trade. 

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Alternatives to buying Panasonic stock through an online brokerage

As an investor, you may use different methods for various parts of the trading experience. If you are bent on Panasonic stock (or other OTC securities), you can also use a private broker-dealer to handle your trading. However, the more popular alternative is trading through ETFs.  

Panasonic has a noteworthy holding in "LIT," which is an ETF basket focused on lithium battery innovation. The placement makes sense considering Panasonic's recent deal with Tesla. Investors are still waiting for the value of that deal.

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Panasonic maintains a 4.43 percent weight in "LIT" (which puts it in the 10th position) and Tesla holds a 5.53 percent weight. Considering their partnership, this emphasizes their place in the ETF even more. The ETF is led by Albemarle Corp., Ganfeng Lithium Co., and Samsung Electronics Co., among others.

With Panasonic stock proving its capability to ride bearish waves in the early days of 2021 (and rising more than 12 percent at a time when the S&P 500 was only up 0.71 percent), it makes sense for "PCRFY" to be on investors' minds.

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