3 Penny Stocks That Pushed Up During Today’s Trading
As we get further into another day of volatile trading for penny stocks, there is plenty for investors to look forward to. Although it is difficult to find the best penny stocks to buy right now, with the right research on hand and a commitment to understanding where to look, it can be much easier than previously imagined. With penny stocks, speculation is extremely high. This means that investors need to have a thorough understanding of exactly what is going on in the stock market.
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Right now, this includes the Omicron variant, high inflation, and the conclusion of the most recent Fed meeting. Because of all of these factors, there is plenty of movement in the stock market right now. But, having a proper trading strategy will help you to take full advantage. Considering all of this, let’s take a look at three penny stocks to add to your watchlist right now.
3 Penny Stocks to Add to Your Watchlist Right Now
- Dare Bioscience Inc. (NASDAQ: DARE)
- Remark Holdings Inc. (NASDAQ: MARK)
- Banco Santander S.A. (NYSE: SAN)
Dare Bioscience Inc. (NASDAQ: DARE)
Dare Bioscience Inc. is a biotech penny stock that focuses on women’s health. The company is based in the United States and manufactures fertility, sexual health, contraceptive, and vaginal health products. One of its key inventions is DARE-BV1, which is used to treat bacterial vaginosis. Ovaprene, a hormone-free monthly contraception, is another of its products that has received large attention in the past few months. Over the last six months, shares of DARE stock have shot up by a very respectable, 40% or so and in the past year by over 60%. These sizable gains reflect both the hard work that Dare has put in and the biotech sector as a whole during that time.
On December 7th, Dare announced the FDA approval of its XACIATO product. This product, also known as clindamycin phosphate, is a vaginal gel for use in the treatment for bacterial vaginosis. Dare states that it is the company’s first FDA approval in its effort to improve the lives of women with its treatments. This FDA approval follows 3 years after it licensed the technology initially.
“The FDA approval of XACIATO marks a major milestone not only for Daré as a company but, importantly, for the 21 million women impacted by bacterial vaginosis. It is our goal as a company to accelerate the development of differentiated products that can improve outcomes and convenience for women.”
The CEO and President of Dare Bioscience, Sabrina Martucci Johnson
With its sizable gains in the past few months, will DARE be on your penny stocks watchlist moving forward?
Remark Holdings Inc. (NASDAQ: MARK)
Remark Holdings Inc. is a communications firm that has made significant progress in its business model over the past few weeks. Although MARK stock has started several days with strong bullish sentiment recently, its shares have also been affected by the overall volatility of the stock market. If you’re not familiar, this company creates a broad range of AI-based business solutions. Also of note is that it currently operates an e-commerce digital media domain. In addition, the company distributes AI-based products and services under the Remark brand name in the United States and the KanKan brand name in China.
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On December 13th, the company partnered with isMedia for a new venture. The companies will launch a new non-fungible token (NFT) platform. Its initial drop will use the intellectual property collection of its Bikini.com subsidiary. This NFT platform is expected to launch in early 2022, and its first phase will feature collectibles from Bikini.com influencers. Drops in the future will include actors, musicians, celebrities, and more. Right now, anything having to do with cryptocurrency, blockchain, or NFTs is receiving a sizable amount of attention. And, this case is no different.
“isMedia has built a comprehensive, user-friendly mobile NFT platform that works in conjunction with Remark AI’s technology to allow for rapid, iterative, realistic designs with greater adaptability and realism”.
The Chairman and CEO of Remark, Kai-Shing Tao
Following this announcement, MARK stock increased in value. Based on this new info, will MARK be on your list of penny stocks to watch?
Banco Santander S.A. (NYSE: SAN)
Banco Santander S.A. is a corporation that offers a comprehensive range of retail and commercial banking products and services. It offers these products to individuals, small and medium-sized businesses, and major corporations. The company provides demand and time deposits and current/savings accounts, as well as mortgages, consumer finance, syndicated corporate loans, structured financing, cash management, and much more. With an almost 4% gain today and relative stability over the past year period, many investors are watching SAN stock right now.
On the 3rd of December, Santander Holdings USA (SHUSA), its subsidiary, announced the extension of a tender offer. This tender offer was to acquire shares it doesn’t own of Santander Consumer USA for $41.50 per share. Under the terms of the merger agreement, Santander Consumer and Max Merger Sub Inc., which is owned by SHUSA, the tender offer will be followed by a second step merger.
On December 15th, the company announced that it would be spending roughly $6 billion on digital transformation and tech in Latin American within the next two years or so. This is a major announcement and one that is likely responsible for SAN stock’s gain today. While the finance industry is relatively volatile right now, there’s no telling what could happen in the near future. Considering this, will SAN be on your list of penny stocks to watch?
Are Penny Stocks Worth Buying in 2021?
Finding the best penny stocks to buy can be challenging. However, with a commitment to understanding how the market is moving and how to take advantage, it can be much easier than previously imagined.
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Considering that there is so much to look forward to next year for penny stocks, investors seem excited about the future. Considering all of this, do you think that penny stocks are worth buying in 2021?
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