good penny stocks to buy sell

Are These Penny Stocks On Your Watch List This Week?

Whether you’re looking for penny stocks to watch or what’s trending in the stock market today, you’ll want to have a general understanding of why certain stocks are moving. In this case, we’ll want to focus on a few different topics.

First, the news will be something that stands out, filings are a bit of a “secondary focus”, and even deciphering potential rumors buzzing in the market that could act as catalysts. This is what helps separate the “early birds” catching the wave of momentum early and those who “FOMO” and likely get burnt.

Once you have a good grasp on the basics of finding info on penny stocks, you can put your list together. This week, we’ve seen a lot of stocks making moves that are involved with some of the bigger economic headlines. I’m talking things like China trade, coronavirus, the riots, and even the SpaceX launch.

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Understanding that these things can impact certain penny stocks in different ways will help you navigate the volatile waters a bit more easily. With this in mind, let’s take a look at a few trending names this week. Are they penny stocks to buy right now or wait on to see what happens next?

Good [or bad] Penny Stocks To Buy: Luckin Coffee

The bad: Luckin Coffee (LK Stock Report) has gotten demolished in the stock market after damning headlines dropped shares from over $40 to under $5. The good: most who trade penny stock are seeing it under $5 and not above $40. In the last 2 weeks, LK stock has moved from a low of $1.33 to highs of $2.45 on June 2. Is there anything fueling this move aside from market speculation or technical trading? That’s a great question.

The “Chinese Starbucks” is a stock under $5 thanks to falsely reporting financial information for who knows how long. Its management team has been shaken up and a very dark cloud has been hanging over the stock. In fact, according to reports, the tactics used by the company resembled a shell company more than anything else.

“It turns out that Luckin sold vouchers redeemable for tens of millions of cups of coffee to companies that had ties to Luckin’s chairman and controlling shareholder, Charles Lu , according to internal documents and public records reviewed by The Wall Street Journal. Their purchases helped the company book sharply higher revenue than its coffee shops produced.”

So in this case, the fate of Luckin is still unknown. Furthermore, the company’s shares are likely to be delisted from the NASDAQ exchange. Keeping all of this in mind, however, LK stock continues to trend among those trading penny stocks. The channel that shares have traded in recently have offered swings of 12-20% both intra-day and over several days. Is LK one of the “good penny stocks to buy”? That’s very subjective based on your own criteria. But it’s worth noting that there are many more questions regarding the stock than anything else.

good penny stocks to buy sell Luckin Coffee (LK Stock Chart)

Good [or bad] Penny Stocks To Buy: XpresSpa

Penny stocks like XpresSpa (XSPA Stock Report) have been on the radar ever since “COVID-19” became a buzzword. Originally known for its in-airport “quick spas”, XSPA stock has benefited from a more outside the box thinking. Since we first began looking at the penny stock, the company has been developing a division specifically for coronavirus testing. By utilizing all of its airport locations, the company aims to establish a broad footprint where consumers can get tested.

[Read More] 3 Penny Stocks That Hit It Big In May 2020

The latest moves came late last month. On May 22, the company reported a contract with JFK International Air Terminal LLC for COVID-19 screening and testing. Specifically, the company is running a pilot test (no pun intended) to try its concept of providing diagnostic COVID-19 tests in Terminal 4.

All COVID-19 screening and testing will be conducted by a newly launched brand, XpresCheck™. it will operate under the Company’s XpresTest® subsidiary. Something else to note is that late last week, results from the company’s shareholder meeting were posted in among its disclosure statements.

Among other things, the proposal to approve an amendment to the Company’s Amended and Restated Certificate of Incorporation to effect a reverse stock split was approved without much contention. The Company’s issued and outstanding shares of Common Stock could be reversed at a ratio of “between 1-for-2 and 1-for-25.” It doesn’t seem that this latest development has hurt sentiment in the stock market either. XSPA stock has begun to climb higher this week now surpassing $0.90 on June 2.

good penny stocks to buy sell XpresSpa  (XSPA Stock Chart)

Good [or bad] Penny Stocks To Buy: Creative Realities

Creative Realities Inc. (CREX Stock Report) has been another one of the penny stocks to watch over the last few months. In late April we started covering the penny stock as attention began focusing on getting back to work. Traders began circulating the information on the company’s website showing options for workplace-based technology solutions. Fast-forward a few weeks and a few percentage points and we see CREX stock continuing a strong uptrend.

Last week the company updated its website once again. This time it showed videos of its technology in use. This week, it might be a bit more speculative bias than anything (for now). Links to updates showing cruise lines like Carnival utilizing thermal imaging started to bring attention back to companies like Creative Realities. The fact that cruises are going back to business this month could be a clear indication that thermal imaging companies could be in the news.

As far as Creative Realities is concerned, no new updates have surfaced. However, CREX stock has been making waves this week. Shares reached highs of $2.75, still up over 165% since we started watching. Furthermore, 52-week highs are still sitting at $5.98. There’s still quite a disparity between where CREX was last month compared to June, so far. If CREX is on your list of penny stocks to watch, do you think June will be bullish or bearish? Leave a comment below and let us know.

good penny stocks to buy sell Creative Realities (CREX Stock Chart)

Good [or bad] Penny Stocks To Buy: T2 Biosystems

Finally, T2 Biosystems (TTOO Stock Report) is on the list of penny stocks again this week. It’s been one that has continued a steady climb since mid-March. At the time, shares were trading around $0.50 and T2 just started tweeting about COVID-19 data. This eventually blossomed into the company’s focus a treatment. T2 Biosystems, Inc. is developing a SARS-CoV-2 test, to run on the Company’s proprietary T2Dx Instrument platform.

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While the first shipment of tests to the U.S. is expected this month, TTOO stock remains in focus. T2 said it has the resources to manufacture up to 100,000 tests per month. With certain funding and support, it estimates that it could “potentially ramp to approximately 1,000,000 tests per month”.

Since March 11th, TTOO stock has climbed more than 120%. Does it still have more room to run? That’s a good question. A lot of the anticipation likely has to do with what or if the company gives a follow-up to its timeline on test delivery. What we can say is that it has been one of the relatively good penny stocks to watch over the last few days as both price and volume have been on the rise. But, without more details from the company, this is most likely a move on market momentum, for now.

good penny stocks to buy sell T2 Biosystems (TTOO Stock Chart)

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