Penny Stocks to Buy, Picks, News and Information | PennyStocks.com https://pennystocks.com/ Sun, 04 Dec 2022 18:01:48 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.1 https://pennystocks.com/wp-content/uploads/2019/03/cropped-pennystocks-favicon-32x32.jpg Penny Stocks to Buy, Picks, News and Information | PennyStocks.com https://pennystocks.com/ 32 32 Penny Stocks & What To Watch In The Stock Market This Week Dec 5-Dec 9 https://pennystocks.com/featured/2022/12/04/penny-stocks-what-to-watch-in-the-stock-market-this-week-dec-5-dec-9/ https://pennystocks.com/featured/2022/12/04/penny-stocks-what-to-watch-in-the-stock-market-this-week-dec-5-dec-9/#respond Sun, 04 Dec 2022 18:01:47 +0000 https://pennystocks.com/?p=38079 Trading penny stocks right now? Here’s what to watch in the stock market this week December 5, 2022 to December 9, 2022.

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Stock Market Outlook This Week: December 5th – December 9th

Ready to make money in the stock market this week? Let’s take this one step at a time. December’s first full week is about to begin, which means one week closer to the new year.

If we’ve learned anything in 2022, it’s that being proactively reactive instead of predictive has worked better when it comes to navigating the wild volatility. Whether you’re trading penny stocks or higher-priced stocks, broad market catalysts have impacted most public companies.

What’s the point of mentioning this? When it comes to becoming reactive, you’re not trying to predict what’s going to happen. The strategy becomes analyzing data as it gets reported and then formulating your trading strategy based on that data.

Sure, can you get lucky if you buy stocks a day before they report earnings, and then they miraculously knock it out of the part? Sure, but chances are, that strategy will be much more inconsistent, considering it’s not only about quarterly results but also the corporate guidance for next quarter and the rest of 2023.

One of the biggest reasons for this is based on the economic landscape. Inflation, rate hikes, and the state of the global economy as a whole have swayed investor opinion more over the last twelve months than compared to prior years.

Record quantitative easing (QE) measures and the goal to unwind that QE with quantitative tightening (QT) measures have created a unique situation for investors and corporations alike. For this reason, it’s good to know what’s coming up in the week ahead to adequately prepare for different outcomes based on what data gets reported.

The Stock Market This Week: Key Economic Data To Know December 5th – December 9th

Something we will not see much of this week is Fed speakers. In fact, the FOMC is entering a “Blackout” period, so economic data may need to speak for itself without any further commentary from US central bankers.

Best Penny Stocks To Buy? 4 Short Squeeze Stocks To Watch Now

What Is The FOMC Blackout Period?

According to the Federal Reserve, “The blackout period will begin at the start of the second Saturday (midnight) Eastern Time before the beginning of the meeting and will end at midnight Eastern Time on the next day after the meeting. For example, if the Committee meeting starts on a Tuesday, the blackout period will begin at the start of the Saturday that falls ten days earlier, and if the meeting ends on a Wednesday, the blackout period will end at the end of Thursday.”

That means the FOMC blackout period in December started on December 3rd. Furthermore, the FOMC has outlined other details regarding blackout periods:

“During each blackout period, FOMC staff officers as well as staff who have knowledge of information that is classified as “Class I FOMC – Restricted Controlled (FR)” and that is related to the previous or upcoming FOMC meeting will refrain from expressing their views or providing analysis to members of the public about current or prospective monetary policy issues. In addition, during each blackout period, other staff will refrain from expressing their views or providing analysis to members of the public about current or prospective monetary policy issues unless that information has already been cleared for publication and made widely available to the public prior to the blackout period. Staff may carry out their responsibilities for public dissemination of regularly published Federal Reserve data series, System surveys and reports, statistical indexes, and model results.”

STOCK MARKET NEWS THIS WEEK DECEMBER 5 DECEMBER 9 STOCK MARKET TODAY
STOCK MARKET NEWS & EVENTS THIS WEEK DECEMBER 5, 2022 – DECEMBER 9, 2022

Stock Market News & Events On Monday, December 5, 2022

This week will be lighter, in general, due to the quiet period. But that doesn’t mean there won’t be important economic events and global central banker speaking engagements to watch. Monday kicks things off with Eurozone and UK economic data. Eurozone Retail Sales for October and UK November PMI will report as the US markets open for premarket trading. Shortly after the opening bell, we’ll see US economic data in the form of November PMI, ISM non-manufacturing employment, PMI, & new orders, as well as October factory orders.

Don’t Invest in Penny Stocks Until You’ve Read This Article

Stock Market News & Events On Tuesday, December 6, 2022

November UK construction PMI gets reported early Tuesday morning. We also get comments from the ECB’s Jochnick a few hours before the US October trade balance, and Redbook data come out. The rest of the day is relatively quiet until the afternoon when we get EIA short-term energy outlook and the API weekly crude data.

Stock Market News & Events On Wednesday, December 7, 2022

Wednesday looks to be the most active as far as economic data is concerned. We’ll get ECB speakers Lane, McCaul, and Panetta leading into the US opening bell. Eurozone Q3 GDP data comes out at 5 AM ET, while US Q3 non-farm productivity and unit labor costs get reported at 8:30 AM ET. Other than the 10:30 AM ET crude oil report, the remaining economic data point to consider is Japan’s Q3 GDP, which comes out during the post-market session.

3 Biggest Penny Stocks Trading Mistakes, Are You Making Them?

Stock Market News & Events On Thursday, December 8, 2022

Jobs data will take center stage as the market continues gauging the “strength” of the employment market. US initial and continuing jobless claims come out at 8:30 AM ET. Meanwhile, the rest of the day is quiet. Are there any global central bankers of note? ECB President Lagarde speaks twice on Thursday.

Stock Market News & Events On Friday, December 9, 2022

Friday winds down the otherwise quiet week in the stock market, but that doesn’t suggest reports won’t carry market-moving weight. November, U.S. PPI and Core PPI come out before the markets open. This could give a glimpse into what some may hope to be continued progress in slowing the economy thanks to FOMC monetary policy in action.

We’ll also get Michigan’s inflation & consumer expectations and consumer sentiment for December at 10 AM ET. Later in the afternoon, we’ll get the Baker Hughes rig count at 1 PM ET followed by comments from the ECB’s McCaul at 3:10 PM ET.

What else should you prepare for in the stock market this week, and how should you be positioned to capitalize on the opportunities that come with it? Find out LIVE when you tune in to True Trading Group’s Stock Market LIVE Stream tonight on YouTube.

Notable Earnings In The Stock Market This Week

Monday, December 5, 2022, Most Anticipated Earnings

  • GitLab Inc. (GTLB)
  • Science Applications International (SAIC)
  • Sumo Logic (SUMO)
  • IDT Corporation (IDT)
  • Veru Inc. (VERU)

Tuesday, December 6, 2022, Most Anticipated Earnings

  • BHP Group (BHP)
  • AutoZone Inc. (AZO)
  • MongoDB Inc. (MDB)
  • Caseys General Stores Inc. (CASY)
  • Toll Brothers Inc. (TOL)
  • HealthEquity Inc. (HQY)
  • Guidewire Software Inc. (GWRE)
  • SentinelOne (S)
  • Signet Jewelers (SIG)
  • Sprinklr Inc. (CXM)
  • Dave & Buster’s Entertainment (PLAY)
  • Zuora Inc. (ZUO)
  • Avid Bioservices (CDMO)
  • Couchbase Inc. (BASE)
  • Smith & Wesson Brands (SWBI)
  • ZeroFox Holdings (ZFOX)
  • Stitch Fix (SFIX)
  • Skillsoft Corp. (SKIL)
  • J. Jill Inc. (JILL)
  • Conn’s Inc. (CONN)
  • Alico (ALCO)
  • Barnes & Noble Education (BNED)

Wednesday, December 7, 2022, Most Anticipated Earnings

  • Brown Forman Corporation (BF)
  • Campbell Soup Company (CPB)
  • GameStop (GME)
  • The Descartes Systems Group (DSGX)
  • HashiCorp. (HCP)
  • Thor Industries (THO)
  • Greif Inc. (GEF)
  • Academy Sports and Outdoors (ASO)
  • Ollie’s Bargain Outlet Holdings (OLLI)
  • United Natural Foods (UNFI)
  • John Wiley & Sons (WLY)
  • Verint Systems (VRNT)
  • The Duckhorn Portfolio (NAPA)
  • Oxford Industries (OXM)
  • C3.ai Inc. (AI)
  • The Lovesac Company (LOVE)
  • Sportsman’s Warehouse Holdings (SPWH)
  • Vera Bradley (VRA)
  • VersaBank (VBNK)
  • Latch Inc. (LTCH)

Thursday, December 8, 2022, Most Anticipated Earnings

  • Broadcom (AVGO)
  • Costco Wholesale Corporation (COST)
  • lululemon athletica (LULU)
  • Chewy Inc. (CHWY)
  • The Cooper Companies (COO)
  • Vail Resorts (MTN)
  • DocuSign (DOCU)
  • Ciena Corporation (CIEN)
  • Korn Ferry (KFY)
  • GMS Inc. (GMS)
  • Phreesia Inc. (PHR)
  • Hello Group Inc. (MOMO)
  • Liquidity Services (LQDT)
  • Domo Inc. (DOMO)
  • Lee Enterprises (LEE)
  • Express Inc. (EXPR)
  • RH (RH)

Friday, December 9, 2022, Most Anticipated Earnings

  • Li Auto (LI)
  • Johnson Outdoors (JOUT)

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Don’t Invest in Penny Stocks Until You’ve Read This Article https://pennystocks.com/featured/2022/12/04/dont-invest-penny-stocks-read-article/ https://pennystocks.com/featured/2022/12/04/dont-invest-penny-stocks-read-article/#respond Sun, 04 Dec 2022 16:00:00 +0000 https://pennystocks.com/?p=38035 Use these tips for trading penny stocks right now

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3 Tips for Investing in Penny Stocks Right Now 

Investing in penny stocks is an attractive option for those looking to build their portfolio with a decent level of risk and potentially high returns. Penny stocks, or small-cap stocks priced at less than $5 per share, are often overlooked by investors due to their low price and the perception that they are “riskier” investments than blue chip stocks. However, there are several reasons why investing in penny stocks can be beneficial for your overall investment strategy. 

First, penny stocks have the potential to offer significantly higher returns than larger blue-chip companies. This is because penny stock prices tend to move more sharply with market sentiment and news events—both good and bad—than larger companies’ shares do. Additionally, since smaller companies have fewer shareholders, it may be easier for a penny stock to double in price over a short period of time. 

Second, investing in penny stocks allows investors to diversify their portfolio with relative ease and at low cost. Since the majority of penny stocks are priced under $5 per share, even small investments can buy large amounts of shares. This means that investors can spread out their risk across many different companies, helping to minimize any losses from individual stock performances. 

[Read More] Best Penny Stocks To Buy? 7 Short Squeeze Stocks To Watch Now

Finally, because there is more volatility in penny stocks than in blue chip companies, investors have the opportunity to capitalize on short-term price movements. This means investors can buy and sell shares quickly based on news or market sentiment, often earning profits within a few days or weeks. 

Overall, investing in penny stocks has many advantages for risk-tolerant investors looking to diversify their portfolios and take advantage of short-term market movements. With careful research and proper risk management strategies, penny stocks can be an excellent addition to any portfolio. Considering this, here are three tips for investing in penny stocks right now.

3 Tips for Buying Penny Stocks Right Now 

  1. Understand What is Impacting the Stock Market
  2. Consider Whether You’re a Long or Short Term Investor
  3. Stick to Your Trading Strategy

Understand What is Impacting the Stock Market

Understanding the micro and macroeconomic levels of the stock market is key to making money with penny stocks. By gaining a deeper understanding of what drives prices, investors can make better decisions in terms of which stocks to invest in and when to buy or sell them. On the micro level, looking at individual companies’ financials, news stories surrounding those companies, and analyst opinions can provide insight into factors that might influence penny stock prices.

impact stock market

On the macro level, understanding broader economic conditions such as GDP growth rates, inflation, currency exchange rates, and other factors can give investors an idea of how these large-scale trends may affect their investments. Additionally, keeping an eye on global events such as political developments or major deals between countries can be helpful in gauging the overall appetite for risk in the stock market and predicting how penny stocks might be affected. With this knowledge, investors can make smarter decisions to maximize their returns with penny stocks.

Ultimately, taking the time to understand both the micro and macro levels of the stock market is essential for investors looking to make money with penny stocks. By staying informed about what drives prices, investors can make better decisions regarding which stocks to invest in and when to buy or sell them, thus increasing their chances of success. With research and patience, making money with penny stocks can be much easier than previously imagined.

Consider Whether You’re a Long or Short Term Investor

Understanding your investment style is a crucial part of making money with penny stocks. Knowing whether you’re a long-term or short-term investor can help you decide which stocks to buy, how much risk to take on and when to sell them.

Long-term investors have the ability to ride out market fluctuations and wait for their investments to appreciate over time. They focus on companies with solid fundamentals, looking for businesses that are likely to grow in value over the long haul. Long-term investments usually involve buying low and selling high, so they require patience as well as due diligence.

Short-term investors prioritize quick profits over long-term growth potentials. Instead of researching a company’s financial history and market performance, they focus on market trends and news releases. They often buy in anticipation of a price increase, or sell stocks as soon as the stock starts to decline.

[Read More] 10 Top Penny Stocks To Watch With Unusual Options Activity Now

Penny stocks can be profitable investments for either long-term or short-term investors. Knowing which type of investor you are can help you make sound investment decisions and maximize your profits when investing in penny stocks. It’s important to assess your risk tolerance before making any trades, and to understand how each strategy works before plunging into the world of penny stocks. With knowledge and preparation, both types of investors have the potential to turn a profit with penny stocks.

Stick to Your Trading Strategy

Sticking to your trading strategy is a fundamental requirement for successful penny stock trading. A solid understanding of entry and exit points, risk management techniques and how the market works can help you stay on track with your strategy. Staying disciplined also means being aware of the risks associated with penny stocks and adhering to a set of rules that will keep you in-check on any trades.

strategy penny stocks

Making money with penny stocks requires patience, research and consistency. All too often traders get caught up in short-term gains or losses, which can lead to making rash decisions that don’t pan out over time. When it comes to penny stocks, it’s important to look at the big picture rather than focusing solely on price movement during a single trading session. You should also consider the longer term implications of any trade and be mindful of market trends that could affect the value of a penny stock in the future.

Developing a strategy and sticking to it can also help you minimize losses while maximizing gains with penny stocks. Knowing when to buy and when to sell is essential, as is being able to manage risk appropriately. Consider setting stop-losses or taking profits regularly in order to avoid wild fluctuations in returns. Investing for the long term is often times wiser than attempting to take quick wins, as this can lead to greater losses if not done correctly.

3 Penny Stocks to Add to Your Watchlist Right Now 

  1. Cosmos Holdings Inc. (NASDAQ: COSM)
  2. Ambev SA (NYSE: ABEV)
  3. Rigel Pharmaceuticals Inc. (NASDAQ: RIGL)

Which Penny Stocks Are You Watching Right Now?

In conclusion, investing in penny stocks can be a great way to gain exposure to the stock market. With the potential for large returns on small investments, it is a great option for investors looking to diversify their portfolios and potentially increase their wealth. However, due to the inherent risks associated with penny stocks, it is important to do your research carefully and understand the company before investing. 

[Read More] How to Avoid Losing Money With Penny Stocks, 3 Tips 

By taking into account current events and doing an analysis of the company’s financials, investors can make informed decisions about when and how much they should invest in penny stocks. Although there are risks involved, if done correctly, investing in penny stocks can offer high rewards that could otherwise not be achieved with other investments. Ultimately, it is up to you as an individual investor to decide if investing in penny stocks is the right choice for you. With the potential to achieve high returns, it might just be worth a try.

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3 Biggest Penny Stocks Trading Mistakes, Are You Making Them? https://pennystocks.com/featured/2022/12/03/3-biggest-penny-stocks-trading-mistakes/ https://pennystocks.com/featured/2022/12/03/3-biggest-penny-stocks-trading-mistakes/#respond Sat, 03 Dec 2022 16:00:00 +0000 https://pennystocks.com/?p=38037 Are you making these penny stocks trading mistakes?

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3 Mistakes That Penny Stocks Traders Make 

Penny stocks have become a popular investment option among novice and experienced traders, as they provide the opportunity to make significant returns with small investments. However, there are some major mistakes that penny stock traders often make which can lead to huge losses. Because of this, it’s crucial to discuss the biggest mistakes that penny stock traders make and how to avoid them in order to be successful in trading penny stocks

The first mistake that many penny stock traders make is investing too much money into one stock. While it is possible to turn a relatively small investment into a large return through penny stocks, it is important not to put all of your eggs in one basket. A diversified portfolio of stocks is essential for mitigating risk and increasing overall returns over time. 

[Read More] Best Penny Stocks To Buy? 7 Short Squeeze Stocks To Watch Now

Another common mistake penny stock traders make is relying solely on technical analysis when making investment decisions. Technical analysis can be a valuable tool for predicting short-term price movements, but it should not be used as the only source of information when investing in penny stocks. Fundamental analysis is also important, as it allows investors to gain insight into the financial health of the company and its future prospects. 

Finally, many penny stock traders forget to set stop loss orders with their trades. Stop loss orders are designed to limit losses if a trade goes south and should always be part of any trading strategy. Without them, investors risk losing more money than they initially invested in a particular stock if it takes too long for the price to rebound or continues to fall further. 

While it is impossible to avoid all mistakes when investing in penny stocks, understanding and avoiding these three big mistakes can help ensure success in the long run. With proper education and risk management, penny stock traders can make sound decisions that will increase their returns over time. With this in mind, let’s take a closer look at the biggest mistakes that investors make with penny stocks.

3 Common Mistakes That Penny Stocks Traders Make

  1. Trading With Emotion
  2. Not Having a Trading Strategy
  3. Not Using Technical Indicators

Trading With Emotion

It is essential to keep emotion out of trading when it comes to penny stocks. While these investments can be highly lucrative and profitable, they can also lead to major losses if not approached in a sensible way. Therefore, it is important to research the stock thoroughly before investing in it and use a disciplined approach that ignores any emotional impulses.

hot penny stocks to buy

When trading with penny stocks, it is necessary to maintain objectivity at all times as emotional responses can cloud judgement. For example, when prices start dropping rapidly or suddenly spike up, investors may feel inclined towards rash decisions which could ultimately end in disaster – buying too much of the stock when prices are low or selling off too quickly when prices surge suddenly. On the other hand, an investor who maintains a disciplined and logical approach will be able to look at the market objectively and make rational decisions that provide better returns.

It is also important to remember that penny stocks do not move in a straight line – they can swing up and down suddenly, making it difficult for investors to manage their trades effectively. As prices can move quickly without warning, emotional responses may cause investors to jump into or out of positions too soon, resulting in losses rather than profits. Therefore, an investor needs to be vigilant in monitoring the stock’s performance and remain patient when it comes to buying or selling shares. This way, they are more likely to make sound decisions based on data-driven analyses instead of their feelings.

Not Having a Trading Strategy

Using a trading strategy is essential to making money with penny stocks. By using a well-crafted strategy, investors can increase their chances of success by having an understanding of market trends and how they may impact their investments. A good trading strategy should consist of several components including proper risk management, informed decision making, disciplined execution and the ability to adjust quickly in response to changing market conditions.

Risk management is an important part of any trading strategy. It is important for investors to understand the risks associated with penny stocks and develop strategies that limit potential losses. Some common approaches include setting stop-losses at predetermined levels, diversifying investments across different sectors or industries, and limiting exposure to individual positions. Additionally, it is important to be mindful of potential liquidity risks that can arise from trading penny stocks.

[Read More] 10 Top Penny Stocks To Watch With Unusual Options Activity Now

Informed decision making is another key component of a successful trading strategy. Investors should research the companies in which they are considering investing, as well as their respective industries. This includes analyzing financial statements, studying news and analyst reports, and paying attention to industry trends. Additionally, it is important to have an understanding of technical indicators, such as chart patterns and momentum oscillators, that can help investors identify buying and selling opportunities.

Not Using Technical Indicators

Using technical indicators is a crucial part of making money with penny stocks because they provide traders with key insights into the stock market. Technical indicators measure certain characteristics of price and volume to help traders identify trends and make informed decisions. For example, using moving averages can help investors recognize when certain stocks are overbought or oversold, while momentum oscillators such as the RSI (Relative Strength Index) can indicate whether a stock is trending up or down. By understanding these signals, investors can make better buy/sell decisions and maximize their profits on penny stocks.

technical indicators penny stocks

Additionally, other technical indicators like Fibonacci retracements and Ichimoku Kinko Hyo may be used to determine potential areas where the price of a stock could find support or resistance. By combining various technical indicators, traders can gain a better understanding of the market, allowing them to make more profitable investments in penny stocks.

In summary, using technical indicators is an essential part of successful penny stock trading as it allows investors to identify trends and determine potential support and resistance levels. By gaining a better understanding of the market, traders can make more informed decisions and maximize their profits on penny stocks. With this knowledge in hand, savvy investors can start to capitalize on opportunities available with penny stocks.

  1. RLX Technology Inc. (NYSE: RLX)
  2. Nokia Oyj (NYSE: NOK)
  3. Grab Holdings Ltd. (NASDAQ: GRAB)

Which Penny Stocks Trading Strategy Are You Using?

Penny stocks can be a great way to get into trading and potentially make significant returns. However, it is essential to understand the associated risks that come with penny stock trading before jumping in. Many traders make costly mistakes due to lack of knowledge and experience which can lead to significant losses. 

[Read More] How to Avoid Losing Money With Penny Stocks, 3 Tips 

While it is impossible to avoid all mistakes when trading penny stocks, there are some common ones that can be avoided. These include: not doing thorough research on the company and its stock before investing, failing to diversify one’s portfolio, overtrading, buying low-quality stocks, and not having an exit strategy among others. By understanding these mistakes and taking steps to avoid them, traders can minimize their losses and maximize their gains. With the right knowledge and approach, penny stock trading can be both profitable and rewarding.

The post 3 Biggest Penny Stocks Trading Mistakes, Are You Making Them? appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Best Penny Stocks To Buy? 7 Short Squeeze Stocks To Watch Now https://pennystocks.com/featured/2022/12/02/best-penny-stocks-to-buy-7-short-squeeze-stocks-to-watch-now-2/ https://pennystocks.com/featured/2022/12/02/best-penny-stocks-to-buy-7-short-squeeze-stocks-to-watch-now-2/#respond Fri, 02 Dec 2022 18:58:16 +0000 https://pennystocks.com/?p=38056 Penny stocks to watch with higher short interest right now.

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Short Squeeze Penny Stocks to Watch Before Next Week

There’s no shortage of volatility in the stock market today. Penny stocks are some of the assets that demonstrate this phenomenon. Today we’ll talk about a few more companies that have seen more significant bearish bets placed on them. One of the reasons that traders look for such data is that they hope to catch a short squeeze. We discussed this trend earlier in the week and will continue that list of penny stocks from the article 4 Short Squeeze Stocks To Watch Now.

What’s so special about short-squeeze stocks? For one, they have a history of massive breakouts in short periods. You probably know what I mean if you are familiar with companies like AMC Entertainment (NYSE: AMC) or GameStop (NYSE: GME). Both have experienced some of the most dramatic short squeezes in recent history. They have also become the poster children of meme stocks and the Ape community.

What Are Short Squeeze Stocks?

Short squeeze stocks are stocks in which traders have built higher short positions and have an initial expectation that share prices will deteriorate.

How To Make Money Shorting Stocks

If they’re right, they make money when stocks go down. They do so by borrowing shares of stocks, selling them into the market, and then repurchasing them at a lower price later to return the borrow. Profit is made when the short seller pays less to buy back the shares they borrowed at a lower price.

How To Lose Money Shorting Stocks

If they’re wrong about their trade idea and prices increase, they still need to return their borrow. Instead, they’ll lose money if they have to repurchase shares at higher prices than they initially sold them for. When the “squeeze” gets triggered, this mix of short covering and higher-than-average buying creates a snowball effect in the market, and we see more significant moves.

Understand that short squeezes are typically aggressive but happen quickly. So volatility is usually relatively high. Today we look at a few penny stocks with higher short interest. Will they squeeze? That’s yet to be seen, but the first step in putting together a list of penny stocks that fit these criteria is to identify stocks with higher short interest.

Short Squeeze Penny Stocks To Watch

NeuroBo Pharmaceuticals, Inc. (NRBO)

penny stocks to buy NeuroBo NRBO stock

Shares of NeuroBo Pharmaceuticals have steadily bounced back from the 52-week lows it hit late last month. One of the latest catalysts that have helped is the company’s filings, believe it or not. The Goldman Sachs Group filed a Form 3 in November, which showed a stake of over 1.2 million shares of NRBO stock. That filing came shortly after Altium Capital reported a 7.7% stake in NeuroBo earlier in the month.

The clinical-stage biotech company is focusing on treating cardiometabolic diseases. NeuroBo has obtained an exclusive license to develop and commercialize DA-1241 and DA-1726, which are currently being evaluated for the treatment of nonalcoholic steatohepatitis (NASH), obesity, and type 2 diabetes. Under the agreement, the company is responsible for global development, regulatory and commercial activities other than for specific Asian-Pacific geographies.

10 Top Penny Stocks To Watch Under $1 Right Now

Is NRBO one of the short-squeeze penny stocks to watch? Not only is NRBO stock one of the lower float names on this list, but according to data from outlets like Fintel and TDAmeritrade, it has amassed some more substantial short interest. The figure sits between 26% and 27% as of this article.

8X8 Inc. (EGHT)

penny stocks to buy 8x8 Inc. EGHT stock chart

We discussed 8X8 in November as analysts grew bullish on the penny stock. Share prices sat around $4.30 and have since climbed above the $4.70 area. The cloud communications technology company had just reported strong earnings results with an increase of 24% in revenue, year-over-year, to over $187 million. Furthermore, guidance showed that 8X8 expects to continue this trend through the end of its fiscal year ending in March. Revenue growth is anticipated to increase by 18% in the range of $745 million to $755 million.

Most recently, the company has cleaned house. Last week it named an interim CEO and a CFO to kick-start its leadership shakeup. Responding to the motion, Jaswinder Pal Singh, Chairman of the Board, said, “8×8 remains committed to delivering long-term value to our stockholders. We have confidence in Sam’s [the new CEO] leadership and will work closely with him and the management team to ensure that this change is seamless for our customers, partners, employees, and stockholders.”

Next week 8X8 will be at the Barclays Global Technology, Media, and Telecommunications Conference. So that could be something to keep in mind if EGHT is on your watch list. Other than that, short interest has picked up a bit. According to Fintel.IO, the short float percentage is nearly 19% as of this article.

Workhorse Group Inc. (WKHS)

ev penny stocks to buy Workhorse WKHS stock

EV company Workhorse Group is no stranger to heavy short interest and volatility. Overall it’s down on the year. But that hasn’t stopped day traders from flocking to the name at certain technical levels. The latest move within the past week has seen share once from 52-week lows of $2.07 to over $2.30.

There haven’t been many new headlines from the company, but a recent Patent grant titled “Flying Vehicle Systems And Methods” has raised some eyebrows despite not being officially announced in a company PR since the Patent (#11498701) was published.

The patent describes some of the specifics:

An unmanned aerial vehicle according to certain embodiments generally includes a chassis, a power supply mounted to the chassis, a control system operable to receive power from the power supply, at least one rotor operable to generate lift under control of the control system, a line having one end coupled to the chassis and an opposite free end, wherein the free end is positioned below the chassis, and a severing mechanism operable to sever the line under control of the control system.

10 Top Penny Stocks To Watch With Unusual Options Activity Now

Considering Workhorse hosts its analyst day next week on December 7th, it will be interesting to see if it becomes a topic of conversation. Ahead of the event, we see that short interest is also a topic of discussion. TDAmeritrade and Fintel data show this between 24% and 25.9% as of this article.

List Of Penny Stocks To Watch [Short Interest Edition]

  1. NeuroBo Pharmaceuticals, Inc. (NASDAQ:NRBO)
  2. 8X8 Inc. (NASDAQ:EGHT)
  3. Workhorse Group Inc. (NASDAQ:WKHS)
  4. PaxMedica Inc. (NASDAQ:PXMD)
  5. Blue Apron Holdings (NYSE:APRN)
  6. Bed Bath & Beyond (NASDAQ:BBBY)
  7. Opendoor Technologies (NASDAQ:OPEN)

The post Best Penny Stocks To Buy? 7 Short Squeeze Stocks To Watch Now appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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10 Top Penny Stocks To Watch With Unusual Options Activity Now https://pennystocks.com/featured/2022/12/02/10-top-penny-stocks-to-watch-unusual-options-activity-now/ https://pennystocks.com/featured/2022/12/02/10-top-penny-stocks-to-watch-unusual-options-activity-now/#respond Fri, 02 Dec 2022 16:32:16 +0000 https://pennystocks.com/?p=38049 Penny stocks with unusual options activity; are they a buy or should you avoid them entirely?

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Top Penny Stocks To Watch December 2022

Are you looking for the top penny stocks to watch this month? It’s time you start building your watch list. Volatility is at some of its highest levels of the quarter. There are certainly plenty of companies for you to look at. In this article, we dive into a strategy focusing on options activity in penny stocks.

Call buying or Put buying doesn’t guarantee stocks will rise or fall. But options activity can be used to gain insight into what’s going on in the speculative market. If you’re new to options, in general, and this sounds foreign to you, check out our primer on options basics: Trading Options 101: A Beginner’s Guide.

The exciting part about using options activity is that the expiration dates can give clues to what some traders anticipate. For example, let’s say a company hasn’t released news. But you notice unusual activity on an expiration date two months out. It may prompt you to dive deeper into things like corporate filings. You might find a proxy statement that hasn’t been actively discussed but shows an important shareholder vote taking place around those unusual options trades’ expiration.

Some companies we discussed earlier this year have encountered a scenario like this. Of course, the outcome for the stock might be much different than what a speculative signal suggests. However, using alternative data to build your game plan is never a bad idea.

Penny Stocks To Watch With Unusual Options Action

In this article, we look at a few companies that have seen irregular activity in their options chains recently. We dive into what has previously acted as a catalyst. We’ll also search for any upcoming events that could contribute to potential speculation. This also continues the list of penny stocks discussed in the article 7 Penny Stocks To Watch With Unusual Options Activity, December 2022.

Bed Bath And Beyond (BBBY)

top 10 penny stocks to buy options activityBed Bath and Beyond BBBY stock

If you have followed Bed Bath And Beyond stock from our articles, you know that several speculative catalysts are at play. One of the most recent is the short interest in the penny stock. As we discussed in our article 4 Short Squeeze Stocks To Watch Now, the former meme stock has seen an uptick in short interest recently. In fact, as of the article, TD Ameritrade’s short float percentage on BBBY stock is around 40.07%.

Last month, Bed Bath & Beyond worked to streamline its books. It dropped more than $120 million in debt via a share swap. It also reported new management appointments. These included a new CTO and CMO. However, some concerns have come about as the holiday season begins. The Wall Street Journal reported concerns that Bed Bath & Beyond was struggling to attract customers because it couldn’t stock up its US stores.

How to Avoid Losing Money With Penny Stocks, 3 Tips

But even with this rumor, it hasn’t stopped traders from piling into the retail stock. There’ve also been bullish bets placed in the options market recently. Other than today’s December 2nd options, BBBY stock’s December 30th $5 Calls have seen an uptick in volume today, with over 4,200 traded. That compared to just under 10,900 open interest.

EOS Energy Enterprises Inc. (EOSE)

top 10 penny stocks to buy options activity EOS Energy Enterprises Inc. EOSE stock

A few things are going on with EOS Energy that could put it on a few penny stocks lists right now. First, new analyst coverage brought much-needed optimism back to the beaten-down energy stock. Stifel came out this week and initiated coverage with a Buy rating. It also set a price target of $11, which is over 800% higher than current prices. There was some insider buying done last month by Directors and its CEO collectively worth over $170,000, and it doesn’t hurt that some sustainable energy stocks are gaining some fresh interest late in the year.

Despite missing earnings expectations in the third quarter, management seems optimistic with its outlook on prospects. Eos Chief Executive Officer Joe Mastrangelo explained, “We continued to ramp up production in the most challenging supply chain environment of my career. We have produced 258 Energy Blocks since opening our factory in August 2019. It took 33 months to produce our first 100 and 6 months to manufacture the next 158. At the same time, our technology team took our time-tested chemistry and packaged it into our Eos Z3 product that will double performance at 50% lower cost.”

As far as options go, we look out at the January 2023 Calls. The $2.50 strike has the highest volume and the most open interest.

Globalstar Inc. (GSAT)

top 10 penny stocks to buy options activity Globalstar GSAT stock

Shares of Globalstar stock have steadily risen over the last 11 months. Despite some bouts of volatility it saw during the period; shares have climbed over 100% since January 24th. There were also a few points during the year when GSAT stock exploded to highs of nearly $3. So what’s driving momentum now?

10 Top Penny Stocks To Watch Under $1 Right Now

Some of the attention stemmed from Apple- (NASDAQ: AAPL) related speculation. The iPhone’s new SOS satellite connectivity feature runs on Qualcomm chips. Globalstar came into the picture because the Qualcomm chip offers 5G connectivity and can use the frequency band used by Globalstar satellites, n53. Apple has also earmarked $450 million for the iPhone 14’s satellite emergency SOS.

Craig-Hallum analyst George Sutton recently reiterated a Buy rating and $5 price target on Globalstar. He expressed some enthusiasm for the “Band 53 opportunity” for growth. This is also including potential large partner announcements by year-end. Sutton anticipates that the commercial IoT opportunities are considerable and warrant more attention.

GSAT stock is no stranger to unusual options activity. The January 20, 2023 expiration has seen the most recent bout of action, and the $2 strike Calls saw the highest volume of the day and the most significant open interest. With the company reaffirming its guidance seeing total revenue expected to increase by roughly 35% compared to the 2023 forecast, GSAT stock could be on watch heading into the end of the year.

List Of Penny Stocks To Watch

  1. Bed Bath And Beyond (NASDAQ: BBBY)
  2. EOS Energy Enterprises Inc. (NASDAQ: EOSE)
  3. Globalstar Inc. (NYSEAMERICAN: GSAT)
  4. Alaunos Therapeutics (NASDAQ: TCRT)
  5. Poseida Therapeutics (NASDAQ: PSTX)
  6. Canopy Growth (NASDAQ: CGC)
  7. Cano Health Inc. (NYSE: CANO)
  8. Cronos Group (NASDAQ: CRON)
  9. Virgin Galactic Holdings (NYSE: SPCE)
  10. BlackBerry Ltd. (NYSE: BB)

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How to Avoid Losing Money With Penny Stocks, 3 Tips  https://pennystocks.com/featured/2022/12/02/how-avoid-losing-money-penny-stocks-3-tips/ https://pennystocks.com/featured/2022/12/02/how-avoid-losing-money-penny-stocks-3-tips/#respond Fri, 02 Dec 2022 11:00:00 +0000 https://pennystocks.com/?p=38039 Check out these tips for avoiding losing money with penny stocks

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3 Tips to Avoid Losing Money WIth Penny Stocks Right Now 

Many investors are attracted to penny stocks because of the possibility of making a large return on a small investment. However, it is important for potential investors to understand the risks associated with penny stock investing before taking any risks. Penny stocks can be extremely risky, and many investors have ended up losing all their money when dabbling in this type of investment. In order to avoid becoming one of these unlucky people, there are several precautions that should be taken when considering penny stock investments. By understanding how penny stocks work and taking the right steps, it is possible to minimize the risk associated with penny stock investing while still enjoying potentially high returns.

[Read More] 7 Penny Stocks To Watch With Unusual Options Activity, December 2022

By taking calculated steps and being aware of potential risks, anyone considering investing in penny stocks should be able to enjoy potentially high returns without putting all their hard-earned money at risk. Investors should take their time to understand how penny stocks work and develop a strategy for making informed decisions when selecting individual companies to invest in. While it is impossible to avoid losing money altogether, there are steps that can be taken to decrease the risks associated with penny stock investing

For example, it is important to research potential investments thoroughly before taking any action. This means reading company reports and getting a better understanding of the market that the company operates in. It also means looking for information about previous performance and any warning signs that may indicate a lack of success in the future.

Additionally, staying on top of current events related to the penny stock being considered for investment can provide valuable insight into how well-positioned the company is for success. By doing this, investors can avoid putting their money into companies that are not likely to succeed. With this in mind, let’s take a closer look at some steps you can take to avoid losing money with penny stocks.

3 Steps for Avoiding Losing Money With Penny Stocks 

  1. Use a Trading Strategy
  2. Pay Attention to the News
  3. Never Trade With Emotion 

Use a Trading Strategy 

Using a trading strategy can be particularly beneficial when investing in penny stocks, as they have a reputation for being high risk investments. By having a plan of action in place, investors can ensure that their investment decisions are based on well thought out reasoning and analysis as opposed to emotion or whims. A good trading strategy should include considering the specific entry and exit points, analyzing stock trends and momentum, understanding the associated fees and taxes on trades, and assessing the overall risk profile of each investment. 

strategy penny stocks

Doing this research upfront will help to minimize losses overall by ensuring that the investor is making informed decisions. Additionally, having a trading strategy in place can give investors confidence knowing that they have done their due diligence prior to entering into any trade. Ultimately, taking the time to plan a trading strategy is the best way to help ensure that your investments are managed in a way that helps you minimize losses and maximize returns. 

By putting an effective trading strategy into place, investors can rest assured that they have taken the necessary steps to protect their investments and set themselves up for success in penny stock trading. With careful consideration of entry and exit points, analysis of stock trends, understanding of associated fees and taxes, and assessment of overall risk profiles, investors can make informed decisions about their investments with confidence. Taking the time to plan out a trading strategy is one of the best choices any investor can make when it comes to managing their money – especially when it comes to penny stocks. 

Pay Attention to the News 

Staying informed about the news and current events related to penny stocks can help you avoid losing money. When news is released about a company, it often has an impact on the stock’s performance. If something positive happens, such as a new product launch or a major partnership announcement, the stock price may soar. Conversely, if there is negative news, such as legal troubles or poor financials, the price could plummet. By paying attention to such information and trends in the market, investors can make more informed decisions when buying and selling penny stocks. 

[Read More] Best Penny Stocks To Buy? 4 Short Squeeze Stocks To Watch Now

Additionally, because penny stocks are so speculative, it is important to do your own research. Read up on the company and its industry, look at financial reports, and pay particular attention to the stock’s chart patterns. Doing so can help you spot trends in the market that could indicate whether a particular penny stock is a good investment or not. And while there are many tips out there for finding lucrative penny stocks, nothing beats doing due diligence and staying informed about what’s happening with each individual stock. By taking this approach and paying attention to news and current events, investors can avoid losing money when investing in penny stocks. 

Never Trade With Emotion 

When it comes to penny stocks, it is important to remember that these investments are risky and should not be taken lightly. By keeping emotions in check, investors can make more informed decisions about whether or not a particular penny stock is worth their time and money. When investors let their emotions get the best of them, they might be tempted to jump into the market without researching the company or its financials correctly. This can lead to bad decisions that could result in significant losses.

emotion penny stocks

In addition to avoiding emotional investing, it is also important for investors to understand the basics of penny stock trading before beginning. They should know what kinds of companies they want exposure to as well as what kind of risk level they’re comfortable with taking on. It is also important to understand the different types of penny stocks and the industries they are associated with. This knowledge can help investors make better decisions and avoid unnecessary losses.

Finally, investors should always practice good money management when it comes to penny stock investing. They should set a budget and stick to it as well as diversify their investments to spread out the risk. By having these basics in place, investors will be more likely to succeed in penny stock trading without sacrificing their hard-earned money unnecessarily. In this way, they can reap the rewards of successfully trading penny stocks while also avoiding major losses due to emotional decisions or poor financial planning.

3 Penny Stocks to Watch Right Now 

  1. COMSovereign Holding Corp. (NASDAQ: COMS)
  2. Top Ships Inc. (NASDAQ: TOPS
  3. Ambev SA (NYSE: ABEV)

Are Penny Stocks Worth Buying?

Investing in penny stocks can be a risky endeavor, as the potential for large losses is high. It is important to do thorough research before investing, and to keep an eye on the stock price to ensure that it remains within acceptable parameters. Furthermore, diversification of one’s portfolio helps reduce risk as well. 

[Read More] Buying Penny Stocks in December? 3 Top Tips to Profit 

Ultimately, by following these steps and exercising caution when investing in penny stocks, investors can potentially avoid losing money while still having the chance to make some gains. Taking risks with penny stocks should never be done without careful consideration of all of the implications. With this knowledge, investors are better equipped to make informed decisions that will help protect their investments and ensure they don’t lose any money in the long run. Considering all of this, which penny stocks are you watching right now?

The post How to Avoid Losing Money With Penny Stocks, 3 Tips  appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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7 Penny Stocks To Watch With Unusual Options Activity, December 2022 https://pennystocks.com/featured/2022/12/01/7-penny-stocks-to-watch-with-unusual-options-activity-december-2022/ https://pennystocks.com/featured/2022/12/01/7-penny-stocks-to-watch-with-unusual-options-activity-december-2022/#respond Thu, 01 Dec 2022 19:18:05 +0000 https://pennystocks.com/?p=38028 Penny stocks with unusual options activity.

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Hot Penny Stocks To Watch This Month

Want to find hot penny stocks to buy? Some may say to “Follow” the money. That strategy typically involves hunting for insider trading activity or big block buys from hedge funds. One thing that can get overlooked is “the money” that goes into the options market. In many cases, this derivatives marketplace is a playground for speculation. It can also become a treasure trove of useful data when it comes to finding bullish or bearish “bets” before the stock side of the market makes a move.

If you’ve read some of our articles on penny stocks with unusual options activity, you might’ve seen a few of the companies mentioned ultimately react to some event following the unusual activity. There aren’t any guarantees that above-average Call buying or Put buying will result in an associated move in stock price. But at the very least, the data can come in handy when determining which names to add to your penny stocks watch list.

In this article, we look at a few companies that have seen irregular activity in their options chains recently. We dive into what has previously acted as a catalyst and search for upcoming events or milestone dates that could contribute to potential speculation in the market. This is also the second half of the list of penny stocks discussed in the article”Best Penny Stocks To Buy? 3 With Unusual Options Activity Now,” and you can continue to that article to see the first three names discussed.

Penny Stocks To Watch With Unusual Options Action

Alaunos Therapeutics (NASDAQ: TCRT)

best penny stocks to buy unusual options activity scanner Alaunos Therapeutics TCRT stock

The beaten-down penny stock Alaunos Therapeutics has seen some interesting activity in the options market today. Even though it isn’t the highest volume, compared to the current open interest and based on how far out the expiration is, this has sparked some attention today.

In particular, the April 21, 2023, $1 Call options have traded more than 1,200 contracts compared to just 285 open interest. This action comes as TCRT stock attempts to rebound from some of its lowest levels of the year, thanks to a massive sell-off in September and October. The cause of the implosion stems from data that surfaced in a post on GiveSendGo from a patient in its TCR-T Library Phase 1/2 trial. Throw in a $15.7 million public offering at a steep discount to the market at the time, and you’ve got a perfect storm for what’s happened to the penny stock recently.

On a positive note, Alaunos earmarked proceeds from the offering to fund the development of its product candidates in its pipeline.

What To Watch With TCRT Stock

In looking at some of the commentary from management in the November Q3 earnings release, there could be a few things coming up to take note of. Its TCR-T Library Phase 1/2 trial is expected to dose the next patient and file an IND amendment expanding its TCR Library and “enhance the speed and flexibility of our manufacturing process using cryopreserved cell products in the fourth quarter.”

Against that backdrop, TCRT stock options have come into focus, with the majority of volume today happening in the April 2023 Calls. In addition, prior expiration dates in December 2022 and January 2023 also show much higher open interest in Calls than Puts.

Poseida Therapeutics (NASDAQ: PSTX)

best penny stocks to buy unusual options activity scanner Poseida Therapeutics PSTX stock

Unlike Alaunos, Poseida Therapeutics has action in a much more near-term options chain. With more than 1,000 contracts traded compared to fewer than 200 open interest, the December 16, 2022, $5 calls have garnered some attention. Considering that this is just a few weeks away, some speculation may have begun to focus on comments made by company CEO Mark Gergen last month.

In Poseida’s corporate update and Q3 results announcement, Gergen explained, “We are excited about our collaborations with Takeda and Roche, which have already begun to deliver as we achieved our first clinical milestone under the Roche collaboration. In addition, we are advancing our fully allogeneic CAR-T portfolio and look forward to sharing initial data from both the BCMA and MUC1-C programs soon.”

Best Penny Stocks To Buy? 4 Short Squeeze Stocks To Watch Now

What To Watch With PSTX Stock

The company’s MUC1C-ALLO1 and BCMA-ALLO1 programs will have initial early clinical data presented at the European Society for Medical Oncology Immuno-Oncology Congress this month. With that Congress taking place between December 7th and 9th, it makes more sense as to what could have prompted such momentum in the options chain for December 16th’s near-the-money calls.

Canopy Growth (NASDAQ: CGC)

best penny stocks to buy unusual options activity scanner Canopy Growth CGC stock

As discussed in the article referenced earlier, marijuana stocks are back on the radar this quarter. We explained, “Midterm elections helped give much-needed attention back to marijuana stocks in general. Now the market speculates on what comes next…November has been a very active month, mainly due to legislative steps being taken now…a joint memo published by Democrats and Republicans in the House outlined details on pending reform. This memo was published ahead of a subcommittee meeting on cannabis, covering decriminalization, regulation protocols, and specific justice reforms.”

Pot stocks are heating up thanks to the optimism stemming from these developments. Regarding Canopy Growth specifically, not much has come out from the company other than recent earnings results. It realized 7% revenue growth sequentially as it reported another record quarter for its BioSteel Sports Nutrition Inc., which it invested in earlier this year.

“We delivered solid sequential quarterly net revenue growth and improved margins, led by another record quarter for BioSteel, the stabilization of our Canadian cannabis business, and continued actions to reduce overall costs. We are pressing forward on our path to profitability in Canada and expect Canopy USA will meaningfully enhance our growth and profitability over time once it closes the announced acquisitions of Acreage, Jetty, and Wana.” – David Klein, Chief Executive Officer.

What To Watch With CGC Stock

One of the sources of speculation in marijuana stocks right now is the SAFE Banking Act. Last-minute lobbying efforts are underway as politicians like Democratic Majority Leader Chuck Schumer ask for scheduling a floor considering of the Act before year-end. He wrote this in a letter earlier this week.

With that, some are taking to the options market to place bets. Today we see some of the most notable action in the December 30th, 2022, $4 Calls. More than 8,600 contracts traded compared to just 326 open interest.

Cano Health Inc. (NYSE: CANO)

best penny stocks to buy unusual options activity scanner Cano Health CANO stock

Beaten-down health company Cano Health has seen a welcomed rebound in share price over the last week. Following a meltdown in October and November, CANO stock bounced back over 30% from its 52-week lows. Reports emerged that CVS abandoned the acquisition of Cano Health. Adding to that was worse-than-expected earnings for the third quarter.

Fast-forward to this week, and CANO stock is moving higher. Some have taken words from CVS’s conference call. The pharmacy company discussed its continuing evaluation of M&A options in the primary care space. Specifically, CVS CEO Karen Lynch said, “We believe that we need to do M&A, and we continue to evaluate those options in the marketplace.”

3 Hot Penny Stocks To Watch Under $1 Right Now

What To Watch With CANO Stock

Whether or not this is confirmation of any Cano-related M&A rumors is to be seen. However, recent acquisition activity within the space by other companies, including Amazon (NASDAQ: AMZN), has begun stirring up chatter among retail traders. Meanwhile, a roughly 15% short float has also placed CANO on the list of short-squeeze stocks to watch.

But regarding options action, that could be the most interesting piece of the puzzle this week. In particular, the March 17, 2023, $3 Calls saw a significantly larger volume than open interest. More than 9,200 contracts have traded compared to fewer than 900 open interest. If CANO is on your list of penny stocks, it is important to understand that some momentum stems from rumors and speculation. As such, any confirmed or refuted outcome of the CVS/Cano “situation” could bring volatility to the market.

List Of Penny Stocks To Watch

  1. Alaunos Therapeutics (NASDAQ: TCRT)
  2. Poseida Therapeutics (NASDAQ: PSTX)
  3. Canopy Growth (NASDAQ: CGC)
  4. Cano Health Inc. (NYSE: CANO)
  5. Cronos Group (NASDAQ: CRON)
  6. Virgin Galactic Holdings (NYSE: SPCE)
  7. BlackBerry Ltd. (NYSE: BB)

The post 7 Penny Stocks To Watch With Unusual Options Activity, December 2022 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Best Penny Stocks To Buy? 4 Short Squeeze Stocks To Watch Now https://pennystocks.com/featured/2022/12/01/best-penny-stocks-to-buy-4-short-squeeze-stocks-to-watch-now-december/ https://pennystocks.com/featured/2022/12/01/best-penny-stocks-to-buy-4-short-squeeze-stocks-to-watch-now-december/#respond Thu, 01 Dec 2022 16:26:26 +0000 https://pennystocks.com/?p=38023 Penny stocks to watch with higher short interest right now.

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Short Squeeze Penny Stocks to Watch Before Next Week

Considering the stock market trends this week, volatility is clearly not going anywhere anytime soon. Whether you’re trading penny stocks or higher-priced shares of companies, broad market events have impacted most sectors. But with a bit more optimism lately, some are looking for cues that the bear market is over and opportunities to buy the dip. With so much heavy selling, there are also much higher levels of short interest right now. It isn’t just penny stocks experiencing big bets against them.

Look at companies like GoHealth Inc (NASDAQ:GOCO). You might recall the company was mentioned earlier this month as one of the penny stocks under $1 to watch. Since the article was published, GoHealth completed a reverse split of its shares and now trades at a much higher price.

That hasn’t pushed the pause button on short interest. Currently, according to sources like TDAmeritrade and Fintel.io, the short float percentage on GOCO stock sits well above 80%. This is also a stock priced at $12+.

Many other examples, including stocks trading above $100 per share, like MicroStrategy (NASDAQ:MSTR), have seen an increase in short interest. In addition to the overall market, cryptocurrency stocks have been plagued with bad news and bearish sentiment. Michael Saylor’s company hasn’t been immune to this either. Right now, the MSTR stock short float percentage hovers around 40%.

What Are Short Squeeze Stocks?

Does this mean it’s time to close the book on these names? According to some, it’s quite the opposite. Traders are hunting for scenarios identical to those where bearish bets have built up. The hope is that bullish optimism returns, heavier buying outweighs selling, and then triggers a short squeeze. AMC and GME stocks are examples of extreme situations where short squeezes can result in epic moves.

What are short-squeeze stocks? These are stocks where traders have built higher short positions with an initial plan that share prices will deteriorate. If they’re right, they make money when stocks go down. They do so by borrowing shares of stocks, selling them into the market, and then repurchasing them at a lower price later on to return the borrow. Profit is made when the short seller pays less to buy back the shares they borrowed at a lower price.

If they’re wrong about their trade idea and prices increase, they still need to return their borrow. Instead, they’ll lose money if they have to repurchase shares at higher prices than they initially sold them for. When the “squeeze” gets triggered, this mix of short covering and higher-than-average buying creates a snowball effect in the market, and we see more significant moves.

The critical thing to understand is that short squeezes are typically aggressive but happen quickly. So volatility is usually relatively high. Today we look at a few penny stocks with higher short interest. Will they squeeze? That’s yet to be seen, but the first step in putting together a list of penny stocks that fit these criteria is to identify stocks with higher short interest.

Hot Penny Stocks To Watch

PaxMedica Inc. (PXMD)

short squeeze penny stocks PaxMedica PXMD stock

The relatively newer public company, PaxMedica saw an explosive first day of trading earlier this year but has since come under pressure with PXMD stock dropping as low as $1.36. Since hitting those lows, the biotech penny stock has pulled an about-face thanks to a recent string of news and upcoming events stoking speculative trading.

Last month the company announced entry into a purchase agreement and rights agreement with Lincoln Park Capital Fund for up to $20 million. PaxMedica earmarked the use of any proceeds for working capital to support its growth. This week, PaxMedica presents at the Benchmark Company’s Discovery One-on-One investor conference. With that as the backdrop some are looking for reasons to add PXMD stock to their watch list.

One of the additional things factoring in is the PXMD stock short float. TDAmeritrade shows this figure sitting just a hair under 40%.

Blue Apron Holdings (APRN)

Blue Apron APRN stock

One company that likely needs no introduction is Blue Apron Holdings. The meal kit stock saw a massive move in the stock market earlier this year. A mix of heightened attention from the retail community, higher short interest, and broader market momentum helped spark a big move in APRN stock.

The company recently partnered with DreamWorks Animation’s Puss in Boots: The Last Wish. The collaboration will see Blue Apron provide a “family-friendly menu inspired by the movie.”

“Over the last year, we expanded our strategic partnership ecosystem to include incredible, like-minded collaborators like DreamWorks Animation,” said Amber Minson, Blue Apron’s Chief Marketing Officer. “Puss in Boots is a well-known film with beloved characters, and we saw a great opportunity to create a ‘dinner and a movie’ experience for customers and fans of all ages to enjoy.”

As far as short interest is concerned right now, a few outlets peg the value at higher levels. Both TDAmeritrade and Fintel show an APRN stock short float percentage sitting above 40%. TD’s data has it the highest at 47%.

Penny Stocks To Buy: 6 Insider Picks Before December 2022

Bed Bath & Beyond (BBBY)

penny stocks to buy Bed Bath Beyond BBBY stock

Another one of the meme stocks to watch this year was Bed Bath & Beyond. One of the most significant moves came at the end of summer, where a mix of highly speculative trading action based on rumors, short interest, and a history of bigger breakouts prompted a move all the way to highs of $30.

November has been a month where Bed Bath & Beyond has worked to streamline its books. It shed over $120 million in debt via a share swap. The company also announced new management appointments, including a new CTO and CMO. Some concerns have risen as the holiday season gets into full swing. Reports from The Wall Street Journal expressed concerns that Bed Bath & Beyond was struggling to attract customers because it couldn’t stock up its US stores.

While the company works to rebuild heading into 2023, investors have taken out bearish bets against it. As of this article, TD Ameritrade’s short float percentage on BBBY stock is around 40.07%.

Opendoor Technologies (OPEN)

best penny stocks to buy penny stocks to watch Opendoor OPEN stock

Real estate stocks and related company stocks have been in and out of favor throughout the year, thanks to the state of the real estate market itself. Opendoor provides an eCommerce platform for residential real estate transactions and has been under pressure in the market since the start of 2022.

In its third-quarter earnings update, CEO Eric Wu discussed the projections for the company explaining, “In the third quarter, we accelerated the resale velocity of our existing inventory and have significantly increased spreads on new acquisitions…These actions ensure we are prioritizing sell-through to improve the health of our inventory on a resale basis and that our post-Q2 acquisition cohorts are positioned to perform inline with our contribution margin targets.”

OPEN stock isn’t topping the list of stocks with the highest short interest. But it does have some notable short float percentages right now. Both TDAmeritrade and Fintel show this figure sitting around 13% as of this article.

Buying Penny Stocks in December? 3 Top Tips to Profit

List Of Penny Stocks To Watch [Short Interest Edition]

  1. PaxMedica Inc. (NASDAQ:PXMD)
  2. Blue Apron Holdings (NYSE:APRN)
  3. Bed Bath & Beyond (NASDAQ:BBBY)
  4. Opendoor Technologies (NASDAQ:OPEN)

If you enjoyed this article and you’re interested in learning how to trade so you can have the best chance to profit consistently then you need to checkout this YouTube channel. CLICK HERE RIGHT NOW!!

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Buying Penny Stocks in December? 3 Top Tips to Profit  https://pennystocks.com/featured/2022/12/01/buying-penny-stocks-december-3-tips-profit/ https://pennystocks.com/featured/2022/12/01/buying-penny-stocks-december-3-tips-profit/#respond Thu, 01 Dec 2022 11:00:00 +0000 https://pennystocks.com/?p=38011 Use these tips to buy penny stocks in December

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3 Tips for Profiting With Penny Stocks in December 2022

Penny stocks, while potentially lucrative, can be a difficult investment to navigate. Making money with penny stocks requires an in-depth knowledge of the stock market and a commitment to research and due diligence. While there are no guarantees when it comes to investing, following your investing strategy and learning to recognize the trends associated with penny stocks can help you maximize your profits.

First, it is important to understand what a penny stock actually is. By definition, a penny stock is a low-priced security that trades at less than $5 per share. These stocks are traded on both popular exchanges like the NASDAQ and NYSE, and on OTC (over-the-counter) exchanges. 

[Read More] 3 Hot Penny Stocks To Watch Under $1 Right Now

The key to profitable penny stock trading is to find stocks that have the potential for growth or could be undervalued by the market. To do this, investors need to carefully research a company’s financials and track any news related to the stock. Researching a company’s fundamentals can help investors identify potential investments with strong upside potential. Additionally, it is important to keep up with current events such as earnings reports, analyst opinions, and corporate announcements as these can all affect a penny stock’s short-term performance. 

Another important factor in successful penny stock investing is timing. Because penny stocks are so volatile, it is essential to get in and out of the stock at the right time in order to maximize profits. In general, it is best to buy when a stock is trading near its low and sell once it has reached its peak. 

Finally, investors should ensure that they have adequate capital for their penny stock investments. Many penny stocks can be quite volatile and unpredictable, so having enough money to cover all your positions is essential. Additionally, risk management is essential; use stop-loss orders and other tools to help minimize losses if a position moves against you. With careful research and a well-constructed investment strategy, penny stocks can be an effective way to diversify your portfolio and maximize returns. Just remember that while there are no guarantees with investing, properly

3 Tips to Profit With Penny Stocks Right Now 

  1. Use the News to Your Advantage 
  2. Utilize a Well-Thought-Out Trading Strategy
  3. Understand Why Penny Stocks Move

Use the News to Your Advantage 

Using the news to your advantage when making money with penny stocks is a key ingredient in any successful trading strategy. Investing based on news and analysis can help you make informed decisions, spot trends early, and anticipate future market movements. It’s also essential for finding quality stocks that are primed for growth. The news can provide insight into a company’s financial performance, management changes, and new product launches—all of which can have an impact on stock price. 

news penny stocks

When combined with technical analysis and fundamental research, news-based investing may be the best way to capitalize on potential returns. Additionally, staying up-to-date on current events within the stock market helps investors identify areas of opportunity as well as potential risks. By taking the time to stay informed, you can make well-thought-out decisions that minimize losses and maximize gains. 

In summary, using the news to your advantage when it comes to making money with penny stocks is an effective way to enhance your trading strategy. It allows investors to make informed decisions, spot trends early, identify opportunities and risks, and capitalize on potential returns. With the right approach and knowledge, using news-based investing can be a powerful tool for successful penny stock trading.

Utilize a Well-Thought-Out Trading Strategy 

Using a well thought out trading strategy is an important part of making money with penny stocks. A good strategy helps to minimize risk and maximize profits. It also allows investors to make informed decisions that lead to greater success in the long term. A successful trading strategy begins with research. Before investing, investors should research each stock they are interested in thoroughly, looking at factors such as financial performance, industry trends, and other key metrics. This will help them determine which stocks offer the most potential for growth and profitability. 

Once a stock has been identified as a potential investment opportunity, it is time to develop a trading plan. The plan should include details about when and how much money to invest, as well as strategies for minimizing risks. These strategies may include setting stop-loss orders, using a limit order to protect against large losses, or looking for opportunities in the market where prices are depressed. Investors should also consider diversifying their portfolio by investing in different penny stocks from various industries. This will help spread out risk and maximize potential profits. 

[Read More] Penny Stocks To Buy: 6 Insider Picks Before December 2022

Finally, investors should remain patient and disciplined when trading penny stocks. It is important not to get emotional while trading as this can lead to rash decisions that could be costly in the long run. Instead, sticking to the plan and taking small losses when necessary is key to achieving success with penny stocks. By following these steps, investors will be able to develop a successful trading strategy that leads to greater returns on their investments over time.

Understand Why Penny Stocks Move 

Understanding what makes penny stocks move is a crucial part of making money with them because the profit potential in penny stocks can be huge. Penny stocks come with an increased level of risk due to their low price, but they can also offer higher returns than other types of investments if done correctly. By understanding the factors that affect the movement of penny stocks, investors can identify opportunities to buy and sell at advantageous times.

The key factors that influence penny stock prices include news related to the company’s financial performance, changes in management or board members, upcoming product launches or partnerships, competition in the industry, and market sentiment towards the sector or asset class as a whole. By tracking these factors and understanding how they could impact a specific stock’s price, savvy investors can make better decisions about when to buy and sell.

In addition to news-related factors, other market forces like trading volume, liquidity, and technical indicators can also affect penny stock prices. Trading volume is important as it reflects the number of shares that have been traded over a certain period of time and can indicate whether there is high demand for the stock or a lack of buying interest.

penny stock to buy

Liquidity refers to how much money flows in and out of the stock at any given moment – if there is a lot of supply relative to demand, this will push down the price of the stock. Technical indicators such as moving averages, support/resistance levels, candlestick patterns, etc. are also commonly used by traders to identify buy/sell signals.

By understanding and monitoring these different factors, investors can make more informed decisions when trading penny stocks, which can help them to maximize their profits while minimizing losses. In the volatile world of penny stock trading, having knowledge and insight into what drives prices is a must for any investor looking to succeed.

3 Penny Stocks to Watch Right Now 

  1. Corbus Pharmaceuticals Holdings Inc. (NASDAQ: CRBP)
  2. RLX Technology Inc. (NYSE: RLX)
  3. Camber Energy Inc. (NYSE: CEI)

Which Penny Stocks Are You Watching Right Now?

In conclusion, penny stocks can be an excellent way to make money in the stock market. They often come with higher risks than traditional stocks, but they also offer the potential for greater rewards. If you take the time to do your research and understand the risk involved in these investments, you can potentially reap huge returns on your investment. 

[Read More] Buying Cheap Penny Stocks? These Are the Top Strategies to Know

However, it is important to remember that investing in penny stocks is not suitable for everyone and should only be done by those with a good understanding of the stock market and the risks associated with such investments. With careful consideration and due diligence, penny stocks can provide investors with significant financial opportunities. With this in mind, which penny stocks are you watching right now?

The post Buying Penny Stocks in December? 3 Top Tips to Profit  appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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3 Hot Penny Stocks To Watch Under $1 Right Now https://pennystocks.com/featured/2022/11/30/3-hot-penny-stocks-to-watch-under-1-right-now/ https://pennystocks.com/featured/2022/11/30/3-hot-penny-stocks-to-watch-under-1-right-now/#respond Wed, 30 Nov 2022 18:59:47 +0000 https://pennystocks.com/?p=38006 Penny stocks to buy for under $1 but are they worth the risk?

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Looking For Cheap Stocks To Buy For Under $1? Check Out Penny Stocks

It might seem evident that penny stocks include shares of companies trading for prices below $0.99. But according to the broader definition, the term includes other stocks that trade for less than $5. Whichever definition you subscribe to, ultimately, we’re talking about some of the cheapest stocks in the market today. They come with plenty of risks and, in some cases, huge rewards if you know how to pick them.

Something that novice traders tend to forget is the lower the price, the higher the volatility. All other things held constant, a stock that sits at 50 cents will require far less price appreciation to return significant gains. That is compared to another cheap stock that may be trading at $5 per share. In both cases, we’re technically talking about penny stocks. But the former would only need to move 5 cents to see a 10% return.

A similar move for the stock at $5 would be relatively menial at the end of the day. It’s that type of action day traders love to see. Certain circumstances can present unfounded opportunities to leverage small sums in exchange for upsized gains if that tiny company becomes something much larger.

Are Penny Stocks Worth It?

Yes, penny stocks are worth it if you know what you’re doing. Whether your strategy is investing or trading, how you approach risk and manage your positions is vital. There have been plenty of companies that began or were trading as penny stocks. Some then went on to become significant market leaders within their respective industries.

A few prominent examples include Enphase Energy (NASDAQ: ENPH), Novavax (NASDAQ: NVAX), GameStop (NYSE: GME), and even Nio Inc. (NYSE: NIO). Not all penny stocks go on to become captains of industry. Many ultimately implode on themselves due to capital constraints or failed business models.

Despite these cases, neither has stopped traders from capitalizing on the volatility and potential opportunity that many have presented, especially in 2022. Today we look at a handful of penny stocks under $1. We look at what might have acted as a recent catalyst and focus on anything upcoming that could be notable to watch if any of these names are on your list right now.

Penny Stocks Under $1 To Watch

ThermoGenesis Holdings (THMO)

penny stocks to buy under $1 ThermoGenesis THMO stock chart

Cell therapy company ThermoGenesis has seen its stock price slowly walk up after plummeting to fresh lows of $0.088 earlier this month. The company reportedly filed a public offering for over 11 million shares at the end of October. Since then, the focus has been on the strategy to deploy that capital.

ThermoGenesis outlined its use of proceeds from the offering, which will be used to acquire various equipment, hire personnel, and fund other expenses, all under its planned Contract Development and Manufacturing Organization for cell and cell-based gene therapies business.

CEO Chris Xu, Ph.D., recently commented on the company’s outlook in a Q3 earnings update this month. He said, “We plan to leverage our proprietary high-efficiency, semi-automated CAR-TXpress™ platform, which we believe is capable of meaningfully reducing processing time, improving cell recovery, and potentially cutting the manufacturing costs associated with CAR-T and other cell and gene therapies. We recently raised approximately $2.0 million in a public offering and continue to work on this exciting transformation.”

Penny Stocks To Buy: 6 Insider Picks Before December 2022

With capital in hand and a blueprint to deploy it, THMO stock seems to have returned to favor over the last few weeks. Shares have rebounded over 40% since they hit 52-week lows earlier in November.

ContraFect Corp. (CFRX)

penny stocks to buy under $1 ContraFect CFRX stock chart

Another biotechnology penny stock on this list is ContraFect. Like ThermoGenesis, CFRX stock took a big hit earlier this year after headlines came out during the summer. The company announced that a Data Safety Monitoring Board suggested stopping its Phase 3 DISRUPT study after an interim analysis.

Fast-forward to this week, and though CFRX stock is a fraction of the price it was earlier this year, momentum has begun building after an update on Monday. ContraFect announced that the French National Agency for the Safety of Medicines and Health Products authorized the company’s Clinical Trial Application for studying exebacase in prosthetic joint infections.

“This is a significant milestone for our company as it represents the next opportunity for exebacase to recapitulate the positive and durable results we have observed clinically in the compassionate use setting, after dosing 16 patients. Exebacase presents the potential for a truly revolutionary change to the current treatment paradigm for patients with prosthetic joint infections,” said CEO Roger J. Pomerantz, MD, in this week’s press release.

Against this backdrop, shares of CFRX stock climbed to fresh November highs.

Eargo Inc. (EAR)

penny stocks to buy under $1 Eargo Inc. EAR stock chart

Medical device company, Eargo found itself in a nice uptrend this week after hitting 52-week lows of $0.48 last Friday. Much of the latest uptick comes as Eargo closed a rights offering, welcoming Patient Square Capital as its new majority owner. However, what wasn’t announced by the company (so far) may have become a more robust topic of discussion.

Regarding biotechnology and medical-related stocks, “news” can come at a moment’s notice from other sources, including regulatory bodies. They are not restricted or required to report new developments like approvals when a company would prefer. In this light, it’s essential to watch oversight bodies like the FDA and USPTO, among other global organizations.

3 Penny Stocks To Buy According To Analysts, Targets Up To 317%

This week, Eargo was granted US Patent #11516601. The patent is titled Hearing assistance device with an accelerometer. Considering Eargo’s product portfolio is all about its hearing aids, the Patent comes with an upbeat sentiment on its potential benefits in protecting Eargo’s suite of hearing aids.

List Of Penny Stocks Under $1 To Watch

If you enjoyed this article and you’re interested in learning how to trade so you can have the best chance to profit consistently then you need to checkout this YouTube channel.
CLICK HERE RIGHT NOW!!

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