3 Trending Penny Stocks That Are Popular Right Now
Finding trending penny stocks to buy can be challenging. But if you put in the work, it can be worth it. Right now, there is an incredible amount of volatility in the stock market. And, when we add in trending or popular news to that, we see that certain penny stocks become even more volatile.
To take advantage of this, you need to have a firm understanding of what you’re buying, and be comfortable with the risks. There are many reasons why penny stocks could begin to trend. The most common however, has to do with news or press releases. When a company puts out a press release, and it’s picked up by popular media outlets, we see a lot of buying activity. This is usually because investors believe that the stock will continue to go up in value.
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And, while this could be true, it’s important to remember that there is always risk involved. This is also the case with social media, which has become a major proponent of propagating news and media in relation to certain penny stocks. So, while trading penny stocks is not easy, it can be profitable if done correctly. With this in mind, here are three trending penny stocks that are popular right now.
3 Trending Penny Stocks to Add to Your Watchlist Right Now
- Geron Corp. (NASDAQ: GERN)
- Vallon Pharmaceuticals Inc. (NASDAQ: VLON)
- Splash Beverage Group Inc. (NYSE: SBEV)
Geron Corp. (NASDAQ: GERN)
On June 28th, shares of GERN stock managed to shoot up by over 6% at EOD. This comes after a five day uptick of more than 20% and the same amount in the past six month period. The most recent news from the company came on June 16th when it announced that it had granted a non-statutory stock option to purchase 70,000 shares of GERN common stock for inducement to a new employee.
Aside from this, the company has not mentioned much in terms of news as for late. So, we can look at some older announcements to try and understand why shares of GERN stock are climbing right now. On June 15th, the company announced the appointment of Faye Feller, M.D., as its new Chief Medical Officer.
“Faye has been a cornerstone in the history of imetelstat’s clinical development. Since coming to Geron, she has played a strategic role in designing and driving execution of our Phase 3 clinical trials.
In addition, she serves as the primary medical point of contact between Geron and our clinical investigators, leads the preparation of data for assessment by the data monitoring committees, and is preparing for the top-line readout of our IMerge Phase 3 trial in lower risk myelodysplastic syndromes, which is expected in early January 2023.”The Chairman and CEO of Geron, John A. Scarlett
Vallon Pharmaceuticals Inc. (NASDAQ: VLON)
On June 28th, shares of VLON stock managed to shoot up by a tremendous, 17%. And, during after hours, we saw shares explode by another 1.5%, bringing it to over $0.64 per share. In the past five days, VLON stock has shot up by more than 34%, which is one of the reasons that it has remained highly popular in that time.
To understand why, we have to take a closer look at any recent announcements from the company. The most recent update from Vallon came on May 13th when it announced a $3.9 million registered direct offering. Since then however, not much news has come out of the company. For some context, Vallon is a producer of medications used in patients with CNS disorders. This includes pharmaceuticals that treat ailments such as ADHD and narcolepsy among others.
In the past few months, the company has flirted with the idea of a possible merger, business combination, or investment into it. But, this is still mostly a rumor as no concrete facts have been announced. Considering that, does VLON belong on your list of penny stocks to buy or not?
Splash Beverage Group Inc. (NYSE: SBEV)
Splash Beverage is a penny stock that we have discussed numerous times in the past few months. And on June 28th, we saw shares shoot up by a very respectable, 17%. This major gain brings it to over $3.05 per share, which is the result of a 40% five day gain. The most recent news from the company came on June 28th when it announced that it would begin distributing its TapouT beverage via Save-A-Lot grocery stores across 32 states.
“This latest agreement is another significant milestone in our grocery market strategy. Save A Lot has a nationwide presence and generates more than $4 billion in sales. Save A Lot decided to add TapouT after tasting the product at an industry trade show, so we are very excited by their enthusiasm.”The CEO and Chairman of Splash, Robert Nistico
With a company like Splash, distribution is the largest factor for investors to consider. So, with this new deal in mind, will SBEV be on your buy list or not?
Which Penny Stocks Are On Your Watchlist Right Now?
Finding the best penny stocks to buy in 2022 can be challenging. Given the harsh investing environment, we continue to see days with major bearish and bullish momentum. These large ups and downs are referred to as volatility, which has seen very high levels as of late.
So, to take advantage of this, investors need to be extremely aware of what is going on in the stock market. With all of that in mind, which penny stocks are on your watchlist right now?