penny stocks on robinhood to watch this week june

Are These On Your List Of Penny Stocks?

Depending on when you started trading penny stocks, you may or may not be familiar with different brokers. Many investors who’ve been trading for 10+ years will stand by brokers like TD Ameritrade, ETrade, Fidelity, etc. While these brokers certainly changed the way people can gain access to the market, the landscape has definitely changed.

For users of new apps like WeBull & Robinhood, penny stocks are easily accessible with the tap of a screen. Something else that these types of apps are responsible for are lower trade fees. Robinhood came out with a “free” trading opportunity that has seen millennial investors flocking to the trading app. Similarly, WeBull has taken a similar approach and is even giving away shares of companies to attract new users.

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Given the growing popularity of day trading, it makes sense that searches for penny stocks on Robinhood or WeBull could be picking up. Are there downsides to using apps like these? Certainly, but where it lacks in certain features, it gains in ease of use & access. So, if you use either of these brokers, and even if you don’t take a look at this list of penny stocks and decide if they’re the best ones to watch this week.

Penny Stocks On Robinhood: Cielo S.A.

What’s interesting about penny stocks on Robinhood and WeBull is that access is typically granted to NYSE & NASDAQ listed names. However, in certain cases, I have seen Robinhood allow certain OTC penny stocks to be traded. That’s what happened in the case of Cielo S.A. (CIOXY Stock Report), Brazil’s largest payments company. This is a stock listed on another major exchange but dually trades in the U.S. under the 5-letter symbol. A little background on 5 letter penny stocks, the 5th letter has significance and can tell you something about the company before you even dive into press releases.

For instance, the “Y” on the Cielo stock symbol indicates that it’s an American Depository Receipt stock or “ADR”. An ADR is a certificate issued by a U.S. depository bank that represents a certain number of share investment in a foreign company’s stock. Essentially, it’s a way a foreign company can gain access to U.S. stock market liquidity. There’s your lesson for the day on some stock market basics.

In any case, let’s get to why Cielo stock is moving today. Pull up a chart and you’ll see that CIOXY trades actively but usually no more than 1 million shares on a “big day”. The June 15th session saw shares jump to highs of $2.24 and trade more than 11.7 million shares by the lunch hour. News on Facebook (FB Stock Report) of all companies has helped boost sentiment in the stock market today for Cielo.

Specifically, Facebook Inc.’s WhatsApp messenger launched a payments feature in Brazil. WhatsApp will charge business owners a fee for purchases and is partnering with Cielo to process payments. While Cielo stock trades on Robinhood, it isn’t tradeable on WeBull as of this article.

Robinhood penny stocks to watch Cielo SA. (CIOXY Stock Chart)

Penny Stocks On Robinhood & WeBull: Novan Inc.

Novan Inc. (NOVN Stock Report) was one of the top Robinhood penny stocks to watch back in March. At the time, the NOVN stock price had just hit 52-week lows of $0.215 after being as high as $3.72 at the end of 2019. The massive drop came after the company announced top-line efficacy results from a Phase 3 trial of its SB206 for molluscum contagiosum.

As you may surmise, the results didn’t come out that great. But in March, NOVN stock started to rebound with the rise of coronavirus concern. Novan said it was looking to explore using its Nitricil technology as a potential topical, oral, or nasal treatment for COVID-19.

There hasn’t been much news recently. But looking at the filings shows a Proxy statement was recently filed earlier this month. One of the topics to vote on was the approval of a reverse stock split. The company said the ratio would be no less than 1:2 and no more than 1:15. The record date for the proxy vote was last week with the formal shareholder’s meeting coming later in July. Given the surge in new COVID-19 cases, NOVN stock may be back in focus simply based on this niche’s speculative momentum.

Robinhood penny stocks to watch Novan Inc. (NOVN Stock Chart)

Penny Stocks On Robinhood & WeBull: eMagin Corp.

Last week we talked about eMagin Corp. (EMAN Stock Report) after its latest update. The company said it was awarded $5.5 million by the Department of Defense. The award was under the Industrial Base Analysis and Sustainment Program for Organic Light Emitting Diode Supply Chain Assurance. These funds are for the procurement and installation of capital equipment in eMagin’s NY-based manufacturing facility.

Andrew Sculley , CEO, said, “We are very pleased to be recognized by the Department of Defense as the only domestic producer of OLED microdisplays designated as a cornerstone of the U.S. manufacturing base. We view this as a recognition of the value of our OLED microdisplays in defense programs and an endorsement in what we believe to be our superior OLED technology.”

After rallying to highs of $1.49, EMAN stock pulled back to lows of $0.8534 on Friday. Starting the week, however, shares are back on the move and back above $1. This move comes without any news to go along with it. It’s good to keep this in mind because basic speculation could be a reason. If EMAN is on your list of penny stocks, what are your thoughts on this recent uptick? Comment below. As the story develops we’ll make sure to update our readers.

Robinhood penny stocks to watch eMagin Corp (EMAN Stock Chart)

Penny Stocks On Robinhood & WeBull: CHF Solutions

CHF Solutions (CHFS Stock Report) is another one of the penny stocks to watch this year. Since February, the overall trend for the CHFS stock price has been relatively flat. But on a daily basis, there’ve been quick swings of 15-20%. In general the channel for the penny stock has been between $0.30 and $0.45 up until this month. Shares started June at $0.36 but volume has been surging ever since. CHFS stock has jumped as high as $0.5987.

[Read More] Penny Stocks To Watch This Week; Are These 3 On Your List?

This month the company announced key developments related to its Aquadex SmartFlow products. The company announced Children’s Hospital of The King’s Daughters in Norfolk, Virginia has initiated ultrafiltration therapy. Furthermore, it’s using the Aquadex SmartFlow™ system. Following this update, CHF announced last week that it has sold Aquadex SmartFlow™ consoles and disposables to a critical care hospital. It will use these in the treatment of COVID-19 patients in Central Florida.

This week could be one to have CHFS stock on the watch list. The company will host a webinar to talk about a recent publication and the role of ultrafiltration to treat COVID-19 patients. The webinar will happen on June 17th. Is this latest volume surge simply based on speculation ahead of the webinar? Either way, CHFS stock has climbed back above $0.50 on June 15th.

Robinhood penny stocks to watch CHF Solutions (CHFS Stock Chart)

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