Buying Penny Stocks Today? Here’s What You Need to Know
With another day of trading penny stocks and blue chips here, there is a lot for investors to consider. After a few interesting and mostly bullish days of trading, those who invest in penny stocks are excited for the near future.
Today, we’re already seeing sizable movers such as Allego NV (NYSE: ALLG) and 4D pharma (NASDAQ: LBPS) to name a few. So, with this in mind, let’s take a look at what you need to know about trading penny stocks today.
What You Need to Know About Trading Penny Stocks Today
During early morning trading on Wednesday, U.S. stock futures fell with the price of oil climbing. With Dow Jones futures down around 140 points and S&P 500 futures down by around 0.5%, the Ukraine-Russia war continues to have a major effect on how markets are moving.
More recently, the President of Ukraine called on other nations to continue to put pressure on Russia. This has reignited fears from only a few weeks ago. In line with this, we saw the price of U.S. crude push up by around 3% to over $112. So, with all of this in mind, here’s three penny stocks that are climbing during trading right now.
3 Penny Stocks That Are Climbing During Trading Right Now
- Creative Medical Technology Holdings Inc. (NASDAQ: CELZ)
- Hycroft Mining Holding Corp. (NASDAQ: HYMC)
- Creative Realities Inc. (NASDAQ: CREX)
Creative Medical Technology Holdings Inc. (NASDAQ: CELZ)
One of the biggest gainers during premarket is CELZ stock. By early morning, shares of CELZ stock had shot up by over 80% to more than $3.07 per share. This is a substantial gain and comes alongside a five day uptick of more than 10%. So, why are shares of CELZ stock climbing right now?
The biggest news came this morning as it announced positive top-line results from its StemSpine pilot study. The study confirmed that the device offers high efficacy and no serious adverse effects for treating chronic back pain. This is exciting news for both investors and the company alike. Whether this makes CELZ stock worth buying or not is up to you.
Hycroft Mining Holding Corp. (NASDAQ: HYMC)
HYMC is a penny stock that we have discussed numerous times in the past few weeks, and again during premarket, shares of HYMC shot up by over 9%. In the past month, we’ve seen HYMC stock skyrocketed by over 350%, which is no small feat.
While mining stocks have been popular during that time, Hycroft Mining has seen this momentum due to retails traders swarming it. As a popular penny stock, HYMC has benefitted greatly from its increased attention and volume. While this means that it is highly volatile, it could be worth adding to your penny stocks watchlist.
Creative Realities Inc. (NASDAQ: CREX)
During premarket, shares of CREX stock managed to shoot up by over 32%. This comes after a less than stellar six month drop of more than 38%. So, why are shares of CREX stock climbing right now? The most recent news from Creative Realities came on March 22nd. On the 22nd, it announced its Q4 2021 financial results.
In the results, the CEO of Creative Realities, Rick Mills, stated that it expects revenue to come in at around $5.4 million. This represents a 5.6% gain alongside an EBITDA of $3.9 million. With these positive financial results in mind, will CREX be on your list of penny stocks to buy?
Which Penny Stocks Are You Watching Today?
Finding the best penny stocks to buy is all about understanding where to look. While it can be challenging given the sheer number of factors impacting the stock market, with a thorough understanding of what is going on, it can be much easier.
Considering that there is a lot at play right now, it also comes down to having a well thought out trading strategy. With this in mind, which penny stocks are you watching today?