Buying Penny Stocks on July 15th? Here’s What You Need to Know
If you’re thinking about buying penny stocks on July 15th, there is a lot to understand. Now, if you’re looking to make money with small-caps, it all comes down to what is going on in the stock market. Because penny stocks are so speculative, they tend to move frequently based off of news and events. So, to profit from this, the best thing to understand is having the right information by your side is crucial. With this in mind, let’s take a look at what happened in the stock market on July 14th.
Stock Market Recap, July 14th, 2022
On July 14th, the stock market managed to climb from a large low in morning trading. This is something that we have seen significantly in the past few weeks. With several bank earnings and recent inflation data, some investors are slightly confident in the future of the stock market.
[Read More] 3 Penny Stocks to Add to Your Mid-July Watchlist
So, keep in mind that there is a lot at play right now and volatility remains incredibly high. With this considered, here’s what you need to know about buying penny stocks on July 15th.
What You Need to Know About Buying Penny Stocks On July 15th
As stated earlier, there is an incredible amount of volatility in the stock market. This means that we are likely to continue to see prices move up and down significantly. While there are no certainties, the sheer number of factors impacting the stock market right now mean that large fluctuations will continue to occur. Keeping all of this in mind, here are three penny stocks to watch today.
3 Penny Stocks to Watch Today
- Toughbuilt Industries Inc. (NASDAQ: TBLT)
- Blue Apron Holdings Inc. (NYSE: APRN)
- American Virtual Cloud Technologies Inc. (NASDAQ: AVCT)
Toughbuilt Industries Inc. (NASDAQ: TBLT)
One of the largest gainers of the day on July 14th was TBLT stock. By EOD and during after hours trading, shares of TBLT stock managed to shoot up by over 10% and 24% respectively. These are major gains for the company and with a 94% drop in the past six months, these gains are a welcomed advancement.
The biggest announcement from the company came a few days ago when it announced $3.56 million in sales from Amazon during Q2. This is a big deal for TBLT and is a major reason that it is gaining right now. Considering this, will TBLT be on your penny stocks watchlist or not?
Blue Apron Holdings Inc. (NYSE: APRN)
Despite dropping by around 10% during trading, APRN stock managed to push up by more than 4% in after hours. And in the past month, we’ve seen APRN stock shoot up by over 45%, which is no small feat. While there is no recent news from the company, we have seen increased interest in meal kits in the past few months.
And while APRN has not had an easy time performing well over the last few years, recently, the company has begun to see increased bullish sentiment. Now, keep in mind that APRN stock is highly volatile. This means that it is likely to fluctuate greatly in the course of a few hours or trading days. But, if you’re looking for a volatile penny stock to watch, APRN could be worth adding to your list of penny stocks.
American Virtual Cloud Technologies Inc. (NASDAQ: AVCT)
Similarly to Blue Apron, shares of AVCT stock shot down during trading on July 14th. But, during after hours, we saw AVCT stock climb by more than 4.5%. While shares have declined by over 17% in the last month, we have begun to see some turbulent bullish trading recently.
The most recent news from the company came a few months ago when it named a new Chief Product Officer. But since then, not much has come out of American Virtual Cloud. But, for some context, the company is a tech penny stock operating in cloud communications. With tech seeing increased popularity recently, AVCT could be worth keeping an eye on moving forward.
Which Penny Stocks Are You Watching Right Now?
As we continue to move into the future, there is a lot that investors need to know about buying penny stocks. For one, it’s important to remember that penny stocks are a risky investment, and there is always the potential to lose money.
However, penny stocks can offer a high return on investment, and they can be a great way to make money in the stock market. So, always make sure to understand exactly what is going on in the stock market and how to take advantage. Investing in penny stocks can be a great way to make money, but it’s important to always understand the risks. With this in mind, which penny stocks are you watching right now?