3 Penny Stocks That Climbed During Trading Today

When it comes to penny stocks, there are a lot of different opinions out there. Some people believe that penny stocks are always a good investment, while others think that they’re only worth considering if the market is doing well. 

So, what’s the real story? Are penny stocks worth investing in? There are a few things you need to keep in mind when considering penny stocks. First of all, penny stocks are much more volatile than stocks that trade for higher prices or blue chips. This means that they can go up or down in value very quickly, and it’s often hard to predict which way they’ll go. For example, Diffusion Pharmaceuticals (NASDAQ: DFFN) and Color Star Technology Co. Ltd. (NASDAQ: CSCW) both managed to climb substantially during trading today. 

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For this reason, it’s important to do your research before investing in penny stocks. And, because of this, investors tend to utilize the swing trading method. This means buying and selling penny stocks in a short time frame for small profits. While some investors use that strategy, others look for long-term penny stocks to buy. These are stocks that may have potential to escape penny stocks territory. 

While it can be more difficult to make a profit with penny stocks, it’s not impossible. With some research and knowledge, you can make money investing in penny stocks – but it’s definitely not a guarantee. So, if you’re thinking about investing in penny stocks, be sure to do your homework first! With this in mind, let’s take a look at three penny stocks that could be worth watching next month. 

3 Penny Stocks That Could Be Worth Watching

  1. Gingko Bioworks Holdings Inc. (NYSE: DNA
  2. New Oriental Education & Tech Group (NYSE: EDU
  3. Clover Health Investments Corp. (NASDAQ: CLOV

Gingko Bioworks Holdings Inc. (NYSE: DNA) 

One of the biggest gainers of the day during trading on March 23rd was DNA stock. By EOD, shares of DNA had shot up by over 10%. This brings it to more than $3.50 per share, which is an over 20% gain in the past five day period. 

Despite a six month drop of over 20%, it appears as though shares of DNA stock have begun to see a bullish turnaround. For that reason, let’s take a closer look at why. The most recent news from the company came today when it announced the results of a Covid-19 Air Travel Biosecurity program. This concerns the XpresCheck product, which it tested as part of its Concentric by Gingko program. 

“We are gratified that XpresCheck’s joint epidemiologic surveillance program with the CDC and Ginkgo Bioworks has been shown to be such an effective model for detecting new variants entering our borders. This program was able to provide a sample of BA.2 to CDC for early viral characterization.” 

The CEO of XpresCheck, Ezra Ernst

This is an exciting update for the company and one that shows how important pathogen monitoring is. With this considered, do you think DNA stock is worth adding to your penny stocks watchlist or not?

Penny_Stocks_to_Watch_Gingko

New Oriental Education & Tech Group (NYSE: EDU) 

Another big gainer of the day on March 23rd was EDU stock. By EOD, shares of EDU had climbed by over 2.3%, bringing its five day gain to more than 19%. This staggering gain reflects a major bullish turnaround for the company after a dismal few months of trading. Last year, the Chinese government imposed strict regulations regarding for profit tutoring. This resulted in companies like EDU, dropping by over 90% in value in a short time frame. 

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Since then, these businesses have worked to recover by offering new models and novel ways of generating income. Some have turned to alternative tutoring products and others have moved into the cryptocurrency industry. Regardless, it’s clear that investors continue to swing trade EDU stock. Because it is so volatile, it’s tough to say that EDU is a great long term investment. 

And given its trajectory in the past few months, you’d be hard pressed to find someone that would. However, because of its large and frequent moves, it is a popular choice for those looking to trade it intraday or intraweek. Whether this makes EDU stock worth adding to your list of penny stocks to watch is up to you. 

Penny_Stocks_to_Watch_New

Clover Health Investments Corp. (NASDAQ: CLOV) 

Up by over 5% at EOD on March 23rd is CLOV stock. During the past few weeks, we’ve covered CLOV stock numerous times due to its consistent and sizable upticks. In the past five days, shares of CLOV have shot up by over 21% and in the past month by more than 50%. The biggest recent news for Clover and an event that we covered extensively was its Q4 2021 financial results released on February 23rd. 

In the results, it posted a staggering, 160% YoY revenue growth amount to $432 million. Revenue growth like this is almost unheard of, and came alongside 2022 total revenue estimates of $3 billion. It states that this will be driven by a projected 90% YoY growth in its lives under management. 

Because of its large growth in its financials, it’s clear that Clover has a lot to offer investors. But, it is also important to consider how volatile its recent moves make it. So, with this in mind, do you think CLOV stock deserves a spot on your penny stocks watchlist or not?

Penny_Stocks_to_Watch_Clover

Can Penny Stocks Be Profitable Next Month?

If you’re looking to make a profit with penny stocks next month, there are a lot of options to choose from. But, to make money with small caps, investors need to have a through understanding of what is going on in the stock market. 

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This is due to the fact that penny stocks are extremely volatile and reactive. And because of that, they tend to move with the trajectory of the news. So, with all of this considered, which penny stocks are on your watchlist for next month?

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Sign up for our FREE Newsletter and get:

  • The Beginner’s Handbook For Trading Penny Stocks
  • Penny Stock Alerts And Ideas
  • Learn To Trade Penny Stocks
  • Free Access to The Fastest Growing Highest Rated Trading Chatroom
Privacy Policy

Midam Ventures, LLC | (305) 306-3854 | 1501 Venera Ave, Coral Gables, FL 33146 | news@pennystocks.com

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