Buying Penny Stocks on July 26th? Here’s What You Need to Know
If you’re looking for penny stocks to buy on July 26th, there are hundreds of options to choose from. And in the last few months, we’ve seen a major amount of movement across the board with both penny stocks and blue chips.
And as a result, many investors are hopeful about the future. Now, to understand whether or not penny stocks are worth buying, we have to take a closer look at what is going on in the stock market. This means understanding exactly what is at play and how to take advantage. Considering that, here’s what you missed in the news on July 25th, 2022.
Stock Market Recap, July 25th, 2022
On July 25th, we saw another day of volatile trading. With Walmart issuing a warning regarding its upcoming results, many investors fear that we could be in the midst of a recession. While this is concerning, it does also present a buying opportunity for those fortunate enough to be able to purchase shares in July 2022.
As a result of that, it all comes down to finding where that value is right now. One thing to consider is that inflation is likely to continue rising in the coming weeks and months. Until it starts to slow down, it could be tough to see consistent bullish trends with penny stocks. Considering that, let’s take a look at
What You Need to Know About Buying Penny Stocks on July 26th
As stated earlier, there is a very large amount of volatility in the stock market right now. As a result, it can be very easy to lose money trading penny stocks if you’re not careful.
But, if you have a trading strategy on hand, making money with penny stocks right now is entirely possible. So, on July 25th, we have to consider upcoming earnings reports and any new data regarding inflation or the U.S. economy. Considering that, here are three penny stocks to add to your watchlist today.
3 Penny Stocks to Watch Today
- Vistagen Therapeutics Inc. (NASDAQ: VTGN)
- Geovax Labs Inc. (NASDAQ: GOVX)
- Tonix Pharmaceuticals Holding Corp. (NASDAQ: TNXP)
Vistagen Therapeutics Inc. (NASDAQ: VTGN)
One of the larger gainers on July 25th was VTGN stock. During trading and into after hours, shares of VTGN stock shot up by over 18% and more than 6% respectively. This comes after a five day drop of over 75%, which is concerning. Now, the main reason that shares of VTGN stock fell came as it announced ‘not consistent’ results from its late-stage anxiety study.
This was not a positive announcement and remains the reason behind its major bearish drop. As a result, it’s likely that today’s uptick is based on investors attempting to scoop up shares of VTGN stock at low prices. With that in mind, does it deserve a spot on your list of penny stocks to buy or not?
Geovax Labs Labs Inc. (NASDAQ: GOVX)
The largest gainer of the day on July 25th was GOVX stock with a staggering 150% in gains at EOD. In addition, we saw shares of GOVX stock climb by more than 9.4% in after hours trading. This gain comes as the company is currently working on a vaccine to protect humans from monkeypox. And, its CEO states that its shot could stop transmission altogether.
With the World Health Organization declaring monkeypox a global health emergency, it’s no wonder that GOVX stock is climbing right now. Whether this makes GOVX stock worth adding to your penny stocks watchlist however, is up to you.
Tonix Pharmaceuticals Holding Corp. (NASDAQ: TNXP)
With over 45% in gains at EOD and more than 10% in after hours gains, TNXP is another penny stock that investors are watching. The main reason for this comes after the company announced that it plans to terminate its exclusive license agreement with OyaGen Inc.
As a result, investors are excited about the future of the company. And, after it was granted an exclusive license back in April 2021, the company has since worked to build its portfolio of compounds. Considering that, do you think TNXP stock is worth adding to your buy list right now or not?
Which Penny Stocks Are You Watching Right Now?
If you’re looking for the best penny stocks to buy, it can be challenging. But, with the right information and trading strategy on hand, it can be much easier than previously imagined.
Right now, investors need to understand exactly what is going on in the stock market and how to take advantage. This is the best way to profit with penny stocks in 2022. Considering all of this, which penny stocks are you watching right now?