list of penny stocks to watch today

Penny Stocks Are Risky But That Doesn’t Mean You Can Profit From It

The year has been a good one for many penny stocks so far. In fact, plenty of investors have managed to make substantial profits through their investments. However, as the year draws to a close, there is one more month to look for winning penny stocks.

If you look at many of the small-cap and micro-cap ETF’s you’ll see that plenty of them are up substantially from the beginning of the year. On top of that, a few including the Russell 2000Small-Cap ETF (IWM) inked fresh 2019 highs in the last 2 weeks.

In short, if I was asked, “Can you make money with penny stocks,” my simple answer is yes, of course. But in order to do so, you will need to track the markets closely and research penny stocks to buy. This shouldn’t be like buying a lottery, crossing your fingers, and hope you win. There are plenty of things that you can do in order to have better chances of making winning trades and picking winning lotto numbers.

We won’t get into too much of the basics today but if you want to learn how to trade penny stocks, you can check out some of our introductory articles on the site. On that note, here is a look at three penny stocks that should be watched by investors.

Penny Stocks To Watch in December #1:
iBio Inc. (IBIO)

best penny iBio Inc. (IBIO)

The first penny stock to watch for December is iBio Inc (IBIO Stock Report). Shares of IBIO stock were halted earlier this afternoon. It wasn’t for any regulatory issues but for news pending. Depending on the scope of certain press releases, regulatory agencies or even the companies themselves may choose to halt a stock voluntarily.

In the case of iBio, this news was so big that it saw shares breakout in a big way after it hit the wires. The company announced that it’s now part of a new “public-private Manufacturing USA initiative.” It’s called the Advanced Regenerative Manufacturing Institute and brings together 100 partner organizations to develop new manufacturing processes.

[Read More] 5 Penny Stocks To Watch Before The End Of The Week

The federal government is combining $80 million with more than $200 million in cost-share to support new development options. This includes tissue and organ manufacturing capabilities. iBio also presents on the first annual BioTuesdays Pre-JPM Virtual Conference next week; something to keep in mind ahead of the December 10 presentation date.

Penny Stocks To Watch in December #2:
Sorrento Therapeutics

penny stocks to watch Sorrento Therapeutics (SRNE)

Another one of the penny stocks to watch is Sorrento Therapeutics Inc (SRNE Stock Report). This was one of the companies in our penny stocks to watch before the weekend. SRNE stock has been on an impressive run ever since the end of November. It announced that it rejected two unsolicited acquisition offers. The offers were made by companies in the same industry.

Sorrento was offered $3 to $5 for its outstanding shares but Sorrento thought the offer undervalued the company significantly. That proved to be a major trigger for the jump in stock price. Since November 22, shares of Sorrento’s stock have climbed by as much as 153%. Analysts raised their eyebrows following these developments as well. One of them, Donald Ellis on JMP, put a price target of $21 on the penny stock.

Penny Stocks To Watch in December #3:
AK Steel Holding

best penny stocks AK Steel (AKS)

Last but not least, AK Steel Holding Corporation (AKS Stock Report) is another penny stock that enjoyed a rally. This came after the U.S. President Donald Trump imposed a 25% tariff on steel from Brazil and Argentina. Due to the steep fall in the local currencies of those nations, this move was initiated by the United States. As a result, AK Steel now expects to get a marginally higher price for its steel.

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The stock rose by over 9% this week, which continued a bull trend that began at the end of the 2nd quarter. At that time, AKS stock traded as low as $1.66 heading into June. This week AK Steel rallied as high as $3.09. Reports also cited that the company would be purchased by Cleveland-Cliffs Inc. (CLF Stock Report) for over $1 billion and at a consideration of $3.36 per share of AKS. The deal appears sound for Cleveland-Cliffs, a producer of iron ore pellets, in a move to become more vertically integrated.

In a statement, Roger K. Newport, CEO of AK Steel, said, “We believe this transaction is a compelling opportunity for AK Steel shareholders to participate in the substantial upside potential of what will be a premier vertically integrated producer of value-added iron ore and steel products with significant scale and diversification.”

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