3 Top Penny Stocks to Watch After the Stock Market Crash
After the stock market crash on Tuesday, September 13th, penny stocks investors continue to look for market opportunities. Now, finding the best penny stocks to buy is not easy. But, there are a bunch of ways to make investing in penny stocks much easier than previously imagined. This includes using technical analysis, following the news, and understanding what you’re buying.
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As a result, it all comes down to how much time you’re willing to spend analyzing the market. Right now, there is also a sizable amount of volatility across the board with penny stocks and blue chips. So if that isn’t something you’re interested in, it may be time to reevaluate your trading strategy. Considering all of this, let’s take a look at what happened in the stock market on September 13th, 2022.
What Happened With Penny Stocks on September 13th
During trading on September 13th, penny stocks and blue chips suffered a major loss. The main reason for this comes as financial data showed higher than expected inflation. This has been a major concern over the past several months, and continues to be a cause for high volatility. In addition to this, the upcoming meeting of the Fed to discuss interest rate hikes, is only days away. Many investors expect the third and final 0.75% point hike to occur at this meeting.
As a result of this, we see that there is a lot of cause for concern in the stock market right now. But, this has been the case over the past year or so, which means that all it takes is a firm understanding of how to take advantage in order to profit. With that considered, here are three penny stocks to add to your watchlist right now.
3 Penny Stocks to Add to Your Watchlist Right Now
- Aditxt Inc. (NASDAQ: ADTX)
- Comera Life Sciences Holdings Inc. (NASDAQ: CMRA)
- Kiora Pharmaceuticals Inc. (NASDAQ: KPRX)
Aditxt Inc. (NASDAQ: ADTX)
One of the largest gainers of the day on September 13th and that we’ve seen in some time is ADTX stock. By EOD, shares of ADTX stock had exploded by a staggering 110% with another gain in after hours of over 29%. This brings shares of ADTX stock to over $0.48 which is no small feat. So, why the major gain for Aditxt?
The main news comes as the company announced a 1-for-5 reverse stock split effective before the market opens on September 14th. This is a big deal, and was approved during a special stockholders meeting on September 7th of this year. With the anticipation coming for this, there is a lot for investors to consider about ADTX. Considering that, does it deserve a spot on your penny stocks watchlist or not?
Comera Life Sciences Holdings Inc. (NASDAQ: CMRA)
Another major gainer on September 13th was CMRA. At EOD, CMRA stock ended up in the triple digit percentage points with a 100% gain. While gains like this are not unheard of, they are always exciting for investors to consider. And this is especially true considering the rest of the market during that time.
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The reason for this gain comes as the company announced $15 million purchase agreement with Arena Business Solutions. This will allow Comera the access to a large amount of credit in order to pursue its goals surrounding its SQore proprietary formulation platform. So, whether this makes CMRA worth adding to your list of penny stocks to buy, is up to you.
Kiora Pharmaceuticals Inc. (NASDAQ: KPRX)
While KPRX stocks gain of around 20% on September 13th is not as large as the others on this list, it is still quite substantial. And in the past month, KPRX stock has shot up by over 40%, which shows major bullish interest.
The only recent news from the company came on September 13th when it announced the appointment of Melissa Tosca as its Executive VP. Mrs. Tosca has over 15 years of experience in both clinical and commercial stage biotech companies, which should help to advance KPRXs goals moving forward. With this in mind, is KPRX stock a worthwhile buy or not?
Are Penny Stocks Worth Buying Right Now?
Are penny stocks worth buying right now or not? It’s a question on a lot of people’s minds, given the current state of the economy. And it’s not an easy question to answer. There are a lot of factors to consider before making any investment decisions. And, the majority of those depend on you and your personal circumstances.
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That being said, there are a few general aspects we can all agree on when it comes to penny stocks. And whether or not they’re worth investing in right now. Penny stocks are generally considered to be risky investments. They’re often highly volatile which means that they can be great ways to make money quickly. However, this volatility can also lead to swift losses. Keeping all of this in mind, which penny stocks are on your buy list today?
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