reddit penny stocks trending now

Stumbling across an unknown penny stock ripe with potential can be an investor’s best friend. But, finding penny stocks that fit this bill can be challenging with markets moving faster than ever. In 2021, one of the go-to places for investors to find trending penny stocks is Reddit. 

If you’re unfamiliar, Reddit is a social media platform that allows communities of people to get together and discuss every topic under the sun. And, a large portion of these communities tends to be about trading stocks. This includes ‘subreddits’ such as r/RedditPennyStocks and r/WallStreetBets. The latter of these was responsible for the AMC stock and GME stock rise earlier this year. 

[Read More] Best Penny Stocks To Buy Now? 3 To Watch As AMC Stock Sparks Rally

And again today, these stocks are in focus as AMC Entertainment Holdings Inc. (NYSE: AMC) and GameStop Corp. (NYSE: GME) push up by over 21% and 29% respectively. One thing to keep in mind is that penny stocks on Reddit are known to fluctuate greatly in value on a given trading day. This is known as volatility, and it can be very high, especially when we add penny stocks into the mix. 

So, understand your investing goals, and know your own threshold for risk. These two things will help to align your portfolio with a method that is right for you. With all of this in mind, let’s take a look at three trending Reddit penny stocks you need to know about right now. 

  1. Adamis Pharmaceuticals Corp. (NASDAQ: ADMP
  2. Transocean Ltd. (NYSE: RIG
  3. New Oriental Education & Technology Group Inc. (NYSE: EDU

Adamis Pharmaceuticals Corp. (NASDAQ: ADMP) 

Adamis Pharmaceuticals Corporation is a biotech company that creates therapeutics for allergies and respiratory diseases. One of its products is APC410, which treats various respiratory diseases including COVID-19 and asthma. Because of the company’s ties to COVID-19 treatment, it has caught a lot of attention in the market from investors.

On August 24th, the company announced a publication with the Human Immune Monitoring Center at Stanford. This publication will demonstrate how Tempol has significantly inhibited multiple cytokines from COVID-19 patient’s cells. In layman’s terms, The National Institutes of Health believes that its Tempol product “would likely prevent severe disease”.

“Tempol’s significant activities, such as decreasing inflammation in the lungs, protecting organs such as the heart from damage, inhibiting blood clotting, and lowering viral burden, all make it an ideal candidate for the home treatment of COVID-19.

Tempol is safe and it does not come with the side effects or adverse events associated with gene vaccination. In addition, its mechanism of action lends it to having activity independent of any new COVID-19 variants.”

President and CEO of Adamis, Dr. Dennis J. Carlo

In other recent news, the National Institutes of Health released an article called “Tempol: A Potential Home Treatment for COVID-19”. The article details how Tempol could reduce COVID-19 symptoms by decreasing inflammation, protecting organs from damage, and more. The FDA gave Adamis the ok to conduct a clinical study to use Tempol as an at-home treatment to prevent disease progression already, which the company plans to initiate soon. With so much to consider, will ADMP make your list of penny stocks to watch?

Penny_Stocks_to_Watch_Adamis_Pharmaceuticals_Corporation_ADMP_Stock

Transocean Ltd. (NYSE: RIG)

Transocean Ltd. is a penny stock that shot up by more than 4.6% during today’s trading session. This company primarily provides contract drilling services for offshore for oil and gas wells. Transocean offers drilling rigs, equipment, and work crews to go out and drill oil and gas wells.

As of February 22nd, the company had or partial ownership interests in 37 mobile offshore drilling units. This means that it has a sizable exposure to the energy industry. Recently, with more people returning to work and choosing to travel, energy demand has pushed up. As a result, shares of RIG stock have climbed by over 40% YTD and over 150% in the past twelve months.

[Read More] 5 Penny Stocks That Turned $2,500 Into Over $29,000 In 2021 So Far

On August 20th, Transocean teamed up with Dolphin Drilling to make a new bid to buy the assets of Seadrill Ltd. The bid in question valued Seadrill’s assets at $1.7 billion. Seadrill is trying to rebound after filing for U.S. Chapter 11 bankruptcy proceedings at the moment.

For the bid to succeed, Seadrill would have to be convinced that Transocean & Dolphin’s bid is better than its own restructuring plan. Since this was announced, RIG stock has increased by about 15% in the market. With all of this in mind, is RIG stock worth adding to your watchlist this month?

Penny_Stocks_to_Watch_Transocean_Ltd

New Oriental Education & Technology Group Inc. (NYSE: EDU)

New Oriental Education & Technology Group Inc. is an education penny stock that has rebounded from months of bearish trading sentiment. For some context, New Oriental is a company that provides private educational services in China. Its educational services are primarily for test preparation and K-12 AST. Its programs, services, and products are offered in 104 schools, 1361 learning centers, and 12 bookstores.

On August 18th, the company provided an update on regulatory development. New Oriental Education & Technology Group announced that the Beijing Municipality Government and the Beijing Municipal Committee of the Communist Party of China jointly issued the “Beijing Municipality’s Measures to Further Reduce the Burden of Homework and After-School Tutoring on Students in Compulsory Education in Beijing”.

The Beijing Measures contain many provisions that impact the company, such as after-school tutoring providers being restricted from providing academic AST on any national holiday, weekend, winter, and summer break period. EDU stock was at $1.95 per share when this announcement was made. Now on August 24th, EDU stock has reached $2.11 per share on average. On the 24th, EDU stock shot up by more than 24% in the market and is showing volume that is much greater than its usual. Considering this information, will EDU make your penny stock watchlist in August?

Penny_Stocks_to_Watch_New_Oriental_Education_

Which Reddit Penny Stocks Are You Watching Right Now?

Finding the best Reddit penny stocks to buy is all about knowing where to look and what your investing style is. In addition, having a trading strategy can mean the difference between being consistently profitable and seeing losses in your portfolio.

[Read More] Best Penny Stocks to Buy Today? 4 You Need to Watch Right Now

Right now, there is a lot of momentum in the stock market to take advantage of. And with some careful research and a thorough understanding of what is going on in the stock market, making money with penny stocks can be easier than previously imagined. 


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