Best Penny Stocks To Trade #1: Bellicum Pharmaceuticals, Inc.
The first on this list of penny stocks is Bellicum Pharmaceuticals, Inc. (BLCM – Free Report). Shares of this company have been on the move since early December 2019. At the time the penny stock traded around $0.80 and if you look at it this week, you’ve seen the big move to highs of $2.79. However, keep in mind that with such a large move, it’s important to dive deeper into potential catalysts for it. The reason for that is to better determine if its one of the best penny stocks to add to a watch list.
Bellicum’s proprietary technology was licensed by The University of Texas MD Anderson Cancer Center. The company’s CaspaCIDe® safety switch technology, at a very basic level, protects against adverse side effects. That news helped trigger the initial move in the stock.
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This week speculative momentum could be in play based on the fact the company reported that it will present next week at the American Society of Clinical Oncology Gastrointestinal Cancers Symposium. Specifically, the company will give a poster presentation of an abstract on new Phase 1 translational results for BPX-601.
