Penny Stocks To Buy [or sell] VIVUS Inc.
*Updated 8:05 AM EST 3/31/2020* VIVUS Inc. (VVUS) hasn’t been a stranger to a list of penny stocks. However, it has managed to illude the market in gains for quite some time. Earlier this month the penny stock reached new 52-week lows of $0.80 and hasn’t strayed too far from that mark ever since.
On March 31, however, shares of VVUS stock started taking off during the early morning session. Not only that but they rallied to levels not seen since early February of this year. The big catalyst for this move came after VIVUS released a big update. The company accelerated the launch of its telemedicine and remote monitoring modules of the VIVUS Health Platform. The company is anticipating 150-200 physicians to be enrolled in the new modules each week. Obviously, the extended stay-at-home orders across the US mean limited access to doctors and this could become a key opportunity for VIVUS.
The monitoring platform is integrated through the Apple Health Kit, Apple Watch, and a number of health devices. The data gathered from the devices can also be transmitted and collected into the VIVUS Health Platform and accessed by physicians.
