Buying Penny Stocks Today? Here’s What You Need to Know
As we get set for another week of trading for penny stocks and blue chips, there is a lot for investors to consider. After last weeks wildly volatile trading, investors are hoping for a calmer period as March comes to an end. As always, trading penny stocks is all about understanding what is going on in the market and how to take advantage. For that reason, let’s take a look at what you need to know about trading penny stocks today.
What to Know About Trading Penny Stocks Today
With early morning gainers like KidPik Corp. (NASDAQ: PIK) and VEON Ltd. (NASDAQ: VEON) leading the charge, there is a lot for investors to take a look at. Last week, we saw markets begin to rally following a few weeks of bearish trading. And while it’s hard to say if this rally will continue, we do know that investors are hopeful about the future.
Right now however, expectations are low, and many believe that this is driving the less-than-stellar trading we’re witnessing. But, with a new week upon us, let’s take a look at three penny stocks that are climbing during trading right now.
3 Penny Stocks That Are Climbing During Trading Right Now
- Mullen Automotive Inc. (NASDAQ: MULN)
- Bitnile Holdings Inc. (NYSE: NILE)
- Vinco Ventures Inc. (NASDAQ: BBIG)
Mullen Automotive Inc. (NASDAQ: MULN)
One of the largest gainers during premarket trading is MULN stock. We’ve been covering Mullen Automotive quite extensively over the past few weeks, and today’s premarket gain of more than 18% means it is once again on our radar. In the past five days, shares of MULN stock have shot up by over 60%.
This brings its one month gain to a staggering 375%, which is no small feat whatsoever. The main reason for this comes as the electric vehicle company has been featured in several media outlets over the past week. And, it has stated that it has made progress on its solid state battery tech. So, with this encouraging news in mind, will MULN be on your penny stocks watchlist or not?
Bitnile Holdings Inc. (NYSE: NILE)
During premarket trading, shares of NILE stock shot up by over 55%. So despite its six month drop of more than 75%, shares of NILE are seeing major bullish interest from investors right now. The big news from the company came today as it announced its subsidiary, TurnOnGreen, would be acquired by its other subsidiary, Imperalis Holding Corp.
This is a big update for the company and one that is causing excitement for investors across the board. While the long term effects of this may not be seen for quite some time, it is without a doubt, a prospect to look forward to. With this considered, do you think NILE stock is worth adding to your list of penny stocks to buy?
Vinco Ventures Inc. (NASDAQ: BBIG)
Up by more than 22% during premarket trading on March 21st is BBIG stock. And, in the past five days, shares of BBIG stock have shot up by over 19%. This is a major bullish turnaround from its previous performance in the past month or so. And for that reason, it’s worth looking into why. While there is not much in terms of recent news, we did get interesting sentiment from the largest holder of BBIG shares, Hudson Capital Management.
Because the hedge fund owns around $50 million worth of BBIG stock, investors have felt more comfortable with the trajectory of the company. While it does have a lot that is causing worry for investors, this is one area that has allowed investors a sigh of relief. Considering this, is BBIG worth buying or not?
Which Penny Stocks Are You Watching Right Now?
Finding the best penny stocks to buy is all about understanding where to look, and what the market is doing. Because of this, staying up to date with the news and the latest events is crucial. Right now, there is a lot going on that investors need to understand. With this in mind, which penny stocks are you watching as March comes to an end?