Top Penny Stocks News on April 13th
After Tuesday posed a bearish turnaround for penny stocks and blue chips at midday, investors are hopeful that Wednesday could be different. In the past few trading days, we’ve seen a sizable amount of volatility for penny stocks. This is due to the sheer number of factors impacting the stock market right now. With that in mind, let’s take a look at what you need to know about trading penny stocks today.
What To Know About Buying Penny Stocks Today
During premarket trading, we saw sizable gainers like Alzamend Neuro Inc. (NASDAQ: ALZN) and CTI BIoPharma Corp. (NASDAQ: CTIC) take flight. And with U.S. stock futures flat right now, investors are on the edge of their seats hoping that we can see some bullish action moving forward.
Recent data came out showing that wholesale inflation climbed by 1.4% in March, adding to fears about the future. And, with earnings season starting up again, there is a lot to keep track of. Considering this, let’s take a look at three penny stocks that climbed during morning trading.
3 Penny Stocks Climbing During Morning Trading
- Antares Pharma Inc. (NASDAQ: ATRS)
- Kaleido Biosciences Inc. (NASDAQ: KLDO)
- Agile Therapeutics Inc. (NASDAQ: AGRX)
Antares Pharma Inc. (NASDAQ: ATRS)
One of the largest early morning gainers today is ATRS stock. During the premarket session, shares of ATRS stock managed to shoot up by over 48%. This is a major gain that reflects big news that the company announced only a few hours prior.
The main reason for this major gain comes as it signed into a definitive merger agreement to be purchased by Halozyme Therapeutics (NASDAQ: HALO). In the deal, Halozyme will buy Antares stock at $5.60 per share, totaling roughly $960 million. This is major news for the two companies and easily explains why ATRS stock is exploding right now. With that in mind, will it be on your penny stocks watchlist?
Kaleido Biosciences Inc. (NASDAQ: KLDO)
Another major gainer today is KLDO stock, which also saw a parabolic gain during premarket trading. By early morning, shares of KLDO stock had shot up by over 70% to more than $0.29 per share. This comes after a five day drop of more than 88% which saw KLDO stock fall from around $1.50 per share to under $0.20.
These concerning price moves comes as the company announced formal notice to delist from the NASDAQ voluntarily as it will cease all operations. By April 18th, it will file a Form 25 with the SEC and the voluntary delisting will take a place on April 28th. With limited resources, the company attempted to initiate a hail mary, but it did not work in the end. So, do you think KLDO stock is worth buying or not?
Agile Therapeutics Inc. (NASDAQ: AGRX)
With over 20% in gains during premarket trading, AGRX is another popular penny stock that investors are watching right now. It’s worth noting that we covered AGRX stock yesterday when the big news was announced for the company. However, if you’re not familiar, the company made a big announcement on April 11th.
It stated that it received $4.7 million after selling net operating loss tax benefits via an economic development program in New Jersey. This should provide it with a decent amount of capital to move forward with certain operations. Considering this, will AGRX be on your list of penny stocks to watch?
Which Penny Stocks Are You Buying Today?
Finding the best penny stocks to buy can be tricky at times. But, with the right information on hand, it can be much easier than previously imagined. Because there is so much movement in the stock market right now, it all comes down to understanding where to look.
And, traders should also have a good idea of what their trading strategy is and how to use that as an advantage. Considering this, which penny stocks are you buying today?