3 Reddit Penny Stocks for Your July 2022 Watchlist
Finding Reddit penny stocks to buy can be tricky. However, with the right tools at your disposal, it can be much easier than previously imagined. As a result of the sheer number of penny stocks out there, understanding which are worth buying and where to find them, is crucial. And, when we add in Reddit as a factor, we see that volatility begins to climb to very high levels.
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So, if you’re looking for penny stocks to buy as a result of Reddit, you need to make sure that you are comfortable with high levels of volatility. This is the best way to ensure that you are able to make money with penny stocks, and keep your risk threshold in line.
Now, just because a penny stock is talked about frequently on Reddit, not not mean at all that it is worth buying. Rather, investors need to do the proper due diligence to understand whether or not it is worth an addition to their portfolio. Considering this, let’s take a look at three penny stocks on Reddit that could be worth adding to your watchlist right now.
3 Reddit Penny Stocks to Add to Your Watchlist Right Now
- FuelCell Energy Inc. (NASDAQ: FCEL)
- Clover Health Investments Corp. (NASDAQ: CLOV)
- Clean Energy Fuels Corp. (NASDAQ: CLNE)
FuelCell Energy Inc. (NASDAQ: FCEL)
With over 3.5% in gains at EOD, FCEL is a penny stock that many investors are watching right now. And, in the past five days, shares of FCEL stock have shot up by over 9%, which is no small feat. So, why exactly is Fuel Cell stock climbing right now? Well, the main reason comes as investors are hoping to find stocks at low prices. Because FuelCell has not had the best trading period in the last few months, it is at lower levels than usual. And, many investors are also capitalizing on renewable/clean energy.
As a result, FuelCell is a popular choice for investors of all types right now. Back in May, shares of FCEL stock hit a low price of $3, and since then, it has been working hard to recover. And with its recent Q2 2022 financial results posted a few weeks ago, the company has seen some bullish sentiment in the past week or so. Considering all of this, do you think that FCEL stock is worth adding to your penny stocks watchlist or not?
Clover Health Investments Corp. (NASDAQ: CLOV)
Clover Health is a penny stock that we have covered numerous times in the past. And on July 6th, shares of CLOV stock managed to shoot up by over 2% to over $2.47 per share. In the past five days, CLOV stock has pushed up by around 10%, which is no small feat.
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And considering the market during that time, it is an even more exciting prospect for investors to consider. The most recent news came from a week or two ago when it announced that it would join the Russell 3000 Index. This took place on June 27th, and should bring in a decent amount of popularity to Clover Health.
“This is another significant milestone for Clover Health as a public company on our mission to improve every life. We welcome the enhanced exposure and visibility provided by our inclusion in the index as a way to broaden awareness and engagement within the investment community as we execute upon our strategy.”
The CEO of Clover, Vivek Garipalli
With this exciting news in mind, will CLOV be on your list of penny stocks to buy?
Clean Energy Fuels Corp. (NASDAQ: CLNE)
Last but certainty not least is CLNE stock, which climbed by around 3% on July 6th. While there is no company specific news for Clean Energy right now, we have seen renewable energy penny stocks show bullish sentiment in the last few days. And, as its name suggests, CLNE is a part of this sector.
Around a month and a half ago, news came out that the Co-Founder of CLNE, Andrew Littlefair, spent around $102,000, pushing 1.8% more in shares of Clean Energy. This was big news when it came out and continues to illustrate that there is strong insider confidence in the future of the company. While CLNE stock is volatile, it does continue to show some potential. Considering that, does CLNE have a place on your list of penny stocks to buy right now?
Which Penny Stocks Are You Watching Right Now?
If you’re looking for penny stocks that are worth buying, there are plenty of options to choose from. As a result of the high level of volatility that we are witnessing in the stock market right now, investors need to have a thorough understanding of how to take advantage.
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In addition to this, it is extremely easy to get caught up in the large price swings and lose money with penny stocks. So, to avoid this, it all comes down to knowing what is going on in the stock market. With this in mind, which penny stocks are you watching right now?
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