3 Penny Stocks to Watch This Week
If you’re thinking about buying penny stocks, there are a few things you should know before you get started. The first thing to consider when it comes to investing in penny stocks is what is causing market movement. Because penny stocks are so speculative, it’s important to be aware of the factors that can influence their prices.
The stock market is always full of surprises, but there are some things you can do to protect yourself from making bad investment decisions. One thing to remember is that penny stocks are often very volatile, so it’s important to be prepared for both the ups and downs.
Right now, the major factors at play include rising inflation and climbing interest rates. This has been the cause of market movement in the past few months, and continues to do so. In addition to that, we are also seeing upcoming earnings reports have an impact on how penny stocks trade.
While all of this may seem complicated, these factors can be used as an advantage for your portfolio. And if the ultimate goal is making money with penny stocks, knowing exactly what is going on in the market and how to use that as an advantage is crucial. Considering all of this, which penny stocks are on your watchlist right now?
3 Penny Stocks For Your Watchlist This Coming Week
- Kaspien Holdings Inc. (NASDAQ: KSPN)
- Windtree Therapeutics Inc. (NASDAQ: WINT)
- Sonnet BioTherapeutics Holdings Inc. (NASDAQ: SONN)
Kaspien Holdings Inc. (NASDAQ: KSPN)
One of the largest gainers of the day on July 11th and that we’ve seen in quite some time is KSPN stock. At EOD, shares of KSPN stock had shot up by over 160%. This is an incredible gain for the company and one that brings its five day uptick to more than 190%. In the past year, KSPN stock has fallen in value by over 65%. This drop makes today’s gain even more exciting. As a result, KSPN is worth taking a closer look at.
Today’s major gain for Kaspien comes with no distinct news to back it. While we do see this often, it is always interesting to consider. The main reason for this gain then comes as KSPN stock is being mentioned heavily online. This is often the cause behind major stock market upticks with penny stocks, and continues to be a major factor for investors to consider. So, although KSPN is highly volatile, this uptick today could make it worth adding to your list of penny stocks to watch.
Windtree Therapeutics Inc. (NASDAQ: WINT)
Another penny stock that saw some sizable gains on July 11th is WINT stock. At EOD and during after hours, shares of WINT had shot up by over 5.5% and more than 1.2% respectively. And in the past five day period, we have seen WINT stock push up by more than 13%, which is no small feat. The most recent news from the company came on June 29th. On the 29th, it announced that it is exploring cardiogenic shock results to begin talking about licensing and strategic opportunities to boost shareholder value.
“We believe there is significant value in the area of cardiogenic shock. Since announcing the positive Phase 2 results of our SEISMiC study, there has been notable interest in and potential new opportunities for the Company.
While the program and its development pathway are quite attractive and have resulted in positive scientific and biopharma industry response, we believe the opportunity is under-recognized and under-valued in the current financial markets.The CEO and President of Windtree, Craig Fraser
While it is tough to say if this makes WINT stock worth buying, there’s no doubting that it is an exciting prospect. Considering that, will it be on your penny stocks watchlist or not?
Sonnet BioTherapeutics Holdings Inc. (NASDAQ: SONN)
With over 5% in gains at EOD and during after hours, Sonnet is another penny stock that is on many investors minds right now. In the past five day and one month periods, SONN stock has shot up by over 7% and more than 20% respectively. These sizable gains are likely a reflection of the company’s announcement last month. On June 9th, it announced positive results from a preclinical combination study of SON-1010 with its anti-PD1 checkpoint inhibition.
“We are excited to see that the combination of SON-1010 with an anti-PD1 antibody yielded compelling data in this preclinical model. These data support our strategy of pairing SON-1010 with a checkpoint inhibitor, with the goal of developing an improved treatment option for cancer patients.”The Founder and CEO of Sonnet, Pankaj Mohan
Recently, we’ve seen major bullish sentiment with biotech penny stocks. And as a result, SONN could be worth keeping a close eye on moving forward.
Which Penny Stocks Are on Your Watchlist Right Now?
Finding the best penny stocks to buy is not easy. But, with the right information on hand, it can be much easier than previously imagined.
And, with so much going on in the stock market, there are plenty of opportunities to make money with stock market movement. Considering all of this, it all comes down to having a strategy and using it to your advantage. With that in mind, which penny stocks are on your watchlist right now?