Trading for 10% gains consistently can be nice, but what if you could grab a 25% or higher every day? Trading penny stocks gives investors the best opportunity to do this. Not only are you given the opportunity, but penny stocks make these gains extremely fast, relative to other stocks. If you are interested, here are some penny stocks to watch on June 7th, 2019:
Penny Stock To Watch #1: Restoration Robotics Inc. (HAIR)
Restoration Robotics Inc (HAIR Stock Chart) is a healthcare technology company specializing in hair restoration. The company created its own hair restoration system known as ARTAS. ARTAS is the only physician-assisted system of its kind. Restoration Robotics share price has gapped up 19% this morning. It can look to make future moves with its recent news catalyst.
They announced updates regarding their upcoming merger with Venus Concept Ltd. The merger is expected to be completed in Q3 of 2019. Venus Concept also announced its Q1 results. They reported a 15.1% increase in revenue year over year. This healthcare penny stock should definitely be on your watchlists.
Penny Stock To Watch #2: La Jolla Pharma (LJPC)
La Jolla Pharmaceutical (LJPC Stock Chart) creates and discovers therapies for patients dealing with extremely dangerous diseases. They are currently working on their LJPC-401 treatment for iron overload. This biotech penny stock has moved up by 25% from $9.99 to $11.72.
The move was pushed by the La Kolla announcing strong results from their pre-specified interim analysis of LJPC-401. Jeff Vacirca, M.D., Chief of Clinical Research at New York Cancer & Blood Specialists, stated, “There have been no new treatment modalities introduced for patients with hereditary hemochromatosis in more than a decade. In light of the negative impact that repeated phlebotomy procedures have on patient quality-of-life, patients would welcome a pharmacologic treatment that they can self-administer and that addresses the underlying pathophysiology of the disease.”
Penny Stock To Watch #3: FTD Companies Inc. (FTD)
The company owns multiple subsidiaries to reach multiple markets across the world. FTD Companies Inc. (FTD Stock Chart) is a flower and gift company. This consumer penny stock was up 190% at one point and is looking to potentially make some additional pushes. This is similar to what the penny stock after releasing filing news saw back in May when we first wrote about it (see: Penny Stock FTD Companies Is Coming Up Roses In May).
The strong increase came after investors found out about a 13-D filing. Diamond Investment Group LLC reported having a 12% stake in FTD Companies. Because Diamond Investment has such a large position in the company, other investors are viewing this as confidence in the stock.