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3 Penny Stocks That Turned $1,000 Into Over $9,300 This Quarter

Penny stocks that hit it big in Q2 & June 2022
The post 3 Penny Stocks That Turned $1,000 Into Over $9,300 This Quarter appeared first on Penny Stocks…

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Are penny stocks worth it? You’ll get different responses to this question depending on who you ask. However, the vast majority of traders that continue to try their hand at making money with these cheap stocks will say that they are worth it. All it takes is a single piece of news or a social media-fueled frenzy to spark massive moves in even the most beaten-down penny stocks.

No two stocks under $5 reflect this, like GameStop (NYSE: GME) and AMC Entertainment (NYSE: AMC). The explosive rallies that these two meme stocks went on were legendary. GME stock exploded from under $5 to reaching highs of $483. AMC stock rallied from lows of $1.91 to highs of over $72 and helped solidify why penny stocks are worth the risk. This isn’t the norm, however. In many cases, the losses can be crushing, with prices dropping 50% or more within a single day.

Finding Good Penny Stocks To Buy

Since all penny stocks don’t respond like AMC and GME, a trading strategy is essential. As we’ve seen in 2022, “stonks” don’t always go up, and volatility can quickly determine the duration of a breakout (or breakdown). Today we look at some of the best-performing names in the stock market this quarter.

These penny stocks have rallied upward of 930% in less than a month. The exciting part is that they were also discussed on PennyStocks.com as momentum was first building! Our readers could see, first-hand, the catalysts at play and identify the unusual trading activity in the stock market. We offer a free newsletter sent daily if you want updates on companies like these. Click to subscribe.

  1. Revlon Inc. (NYSE: REV)
  2. RedBox Entertainment (NASDAQ: RDBX)
  3. AeroClean Technologies (NASDAQ: AERC)

Penny Stocks To Buy?

1. Revlon Inc. (NYSE: REV)

If you’ve been trading penny stocks in June, Revlon (NYSE:REV) is probably one of the penny stocks on your watch list. Yes, this is the same Revlon you see in make-up advertisements, and it has been at the center of attention for the last week. Shares hit fresh lows after reports of Chapter 11 bankruptcy began working their way through the news cycle.

What sent shares lower seems to have also helped aid in the massive rebound REV stock has seen in June. Like AMC and GME, retail traders rallied behind the beleaguered name. In addition to a massive sell-off, a significant short position was betting against it. As of this article, Fintel.IO data still shows a REV stock short float percentage of over 30%.

[Read more] What to Know About Buying Penny Stocks on June 22nd

Fast-forward to this week, and buying continues fueling gains. The penny stock reached highs of over $9.30 during Wednesday’s first 30 minutes of trading. Meanwhile, rumors have surfaced that Revlon could become an acquisition target of India’s Reliance Industries. This mix of speculation and market dynamics has created the perfect storm for the ensuing breakout.

How Much $1,000 Invested In REV Stock Is Worth

In this article, we focus on a hypothetical $1,000, and by no means is this a suggestion to buy, sell, or hold any of the stocks mentioned. However, the question was asked, “Are penny stocks worth it?” and we wanted to see how “worth it” some of the top penny stocks of Q2 were.

In this case, REV stock exploded from an opening price of $1.85 on June 14th to highs of $9.40 (so far) on June 22nd. That’s a 408% run, which means our hypothetical $1,000 would be more than $4,000 in about one week of trading in Q2. Are penny stocks worth it?

2. RedBox Entertainment (NASDAQ: RDBX)

are penny stocks worth it to buy Redbox Entertainment RDBX stock chart

Another one of the popular brands you’re probably familiar with, RedBox (NASDAQ:RDBX), is, in fact, a penny stock. What you see outside places like Walgreens and grocery stores to rent DVDs is just one aspect of the company’s business model. We discussed the company first on April 20th as RedBox saw some unusual trading volume and one of the few green sessions throughout April. Ultimately, retail traders would focus on similar trends with RDBX stock as they have with REV: heavy short interest & news-based speculation.

Traders reacted bullishly to the leadership shakeup, and an acquisition bid from Chicken Soup For The Soul Entertainment (NASDAQ: CSSE) would light the fuse. RDBX stock rallied to highs of $18.20 so far this quarter. Something that brought a bit of caution to the market recently was news that the company entered into a warrant exercise agreement for the exercise of 1 million warrants. This was seen as a potentially dilutive event, and the market reacted with RDBX stock sliding.

Heading into the end of the month, the former penny stock remains trading at higher levels. What’s more, Fintel.IO data shows that the RDBX stock short float percentage is still significantly higher at 103%.

How Much $1,000 Invested In RDBX Stock Is Worth

Looking at the hypothetical $1,000 over the last few months, RDBX stock rallied from $2.02 on April 20th to highs o f$18.20 on June 13th. That 800% move means $1,000 is roughly worth $8,000 at those June highs. Are penny stocks worth it?

3. AeroClean Technologies (NASDAQ: AERC)

are penny stocks worth it to buy AeroClean Technologies AERC stock chart

Everything from monkeypox to coronavirus has added uncertainty to the markets. In AeroClean’s (NASDAQ:AERC) case, its air purification technology has been a core focus for traders. In particular, it received FDA Clearance for its Pūrgo device earlier in June. The patented device effectively eliminated 99.99% of airborne microorganisms such as bacteria, viruses (like COVID), and fungi.

AERC stock wasn’t a “short squeeze stock” based on high short interest. But its float was of particular importance for some traders. That’s because it sits below 15 million. In cases where the public float of a penny stock is low, any level of above-average trading activity can trigger a volatile and speedy move. This is what AERC stock saw earlier in June as shares exploded to highs of $23.70. It’s also worth noting that low float stocks can crash just as quickly in the event of higher selling and lower buying activity.

[Read more] Penny Stocks To Buy Now According To These 4 Analysts In June 2022

How Much $1,000 Invested In AERC Stock Is Worth

Going back to our hypothetical $1,000, AERC stock has moved from a $2.28 opening price on June 1st to highs of $23.70 on June 15th. That means in roughly two weeks, the former penny stock jumped 939%. That also means the $1,000 on June 1 was worth nearly $9,400 at those June 15th highs.

Are Penny Stocks Worth It?

The moves these penny stocks have made this quarter are not typical, nor should such breakouts be expected. Stocks, in general, carry risk, so doing your research and having a trading game plan are essential. Having said that, if you’re asking the question, “Are penny stocks worth it,” these are just a few examples of how big of a breakout cheap stocks might see.

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The post 3 Penny Stocks That Turned $1,000 Into Over $9,300 This Quarter appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Economics

The One Housing Chart That Shows A ‘Buyer’s Market’ Has Returned

The One Housing Chart That Shows A ‘Buyer’s Market’ Has Returned

The red hot pandemic-era housing market is cooling as historically tight…

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The One Housing Chart That Shows A 'Buyer's Market' Has Returned

The red hot pandemic-era housing market is cooling as historically tight available inventory shows signs of reversing. 

An affordability crisis has removed millions of new home buyers as the number of active US listings soared 18.7% in June from a year earlier, the most significant increase in Realtor.com's data going back to 2017, according to Bloomberg. The days of insane bidding wars, waiving home inspections, and putting in an offer 20% or more over the list price appear to be over. In other words, a buyer's market could be emerging. 

"While we anticipate that more inventory will eventually cool the feverish pace of competition, the typical buyer has yet to see meaningful relief from quick-selling homes and record-high asking prices," said Danielle Hale, chief economist for Realtor.com. 

Austin, Texas; Phoenix, Arizona; and Raleigh, North Carolina saw active listings more than double from a year ago. Nashville, Tennessee, active listings jumped 86%, and 72% in the Riverside, California. 

The Federal Reserve's most aggressive tightening campaign sent the 30-year fixed-loan mortgage rate from 3% to over 6% this year (back in March, we warned coming rate explosion would trigger a housing affordability crisis), removing millions of new home buyers who can't afford the cost of homeownership as the median existing-home sales price was around $407k in May. 

Even though inventory is historically tight, supply is expected to increase in markets across the country as demand for loan applications among prospective buyers slumps. Fewer buyers equal more inventory. 

The takeaway is that inventory is rising as homes stay on the market longer because demand evaporated thanks to the housing affordability crisis -- this could mean a housing top is nearing. 

Tyler Durden Thu, 06/30/2022 - 18:50

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Economics

States Need To Avoid ‘Cures’ That Can Make Inflation Worse

States Need To Avoid ‘Cures’ That Can Make Inflation Worse

Authored by Regina M. Egea and Danielle Zanzalari via RealClearPolicy.com,

Across…

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States Need To Avoid 'Cures' That Can Make Inflation Worse

Authored by Regina M. Egea and Danielle Zanzalari via RealClearPolicy.com,

Across the United States, state governments are awash in cash. In a sharp contrast, American taxpayers are enduring a rate of inflation unseen in four decades, with the costs of everything from food to gasoline at record highs.

In our home state of New Jersey, Trenton is looking at an unprecedented surplus of $8 billion through a combination of increased tax revenue, federal pandemic aid and borrowing.

A natural impulse among residents and policymakers is to offer residents “relief” in the form of rebate checks.

The reality is that relying exclusively on rebates or direct cash transfers to individuals will only lead to more inflation as this puts more money in consumers’ hands exacerbating the same problem as today - too many dollars chasing too few goods.

Rather, it is prudent that states focus on long-term investment and responsible budgeting to ensure economic growth now and in the future. This is especially important in high tax, big spending states due to the greater flexibility in work arrangements that have exposed the reality that wealth is mobile.

With more residents fleeing high tax states to low tax states, states will need to reevaluate their tax and regulatory climate to stay competitive. 

Regulation can raise the costs for consumers and slow job growth. A series of studies shows the regulation raises prices and worsens poverty.

Working with local governments to revisit restrictive laws that contribute to higher housing prices, such as building height restrictions and zoning rules, as well as removing unnecessary restrictions on business operations will lead to more economic growth.

Another way states can aid productivity and long-term economic growth with their temporary budget surplus, is to fund training programs for middle-skilled jobs.

Nearly every industry has experienced labor shortages and that reality is especially acute in trades like auto, refrigeration, HVAC, electrical, welding, and manufacturing.

States can invest in these skills through high school and vocational school programs. With college borrowing costs astronomically high, this encourages individuals to pursue careers that are lucrative and budget friendly, as well as fill the over 75,000 job openings that our state of New Jersey is projected to need in just a few years.

To further long-term economic growth many states should also concentrate on fixing their unfunded pension liabilities for public employees. This impacts red and blue states alike, with massive liabilities in California ($1.53 trillion), Illinois ($533.72 billion), Texas ($529.70 billion), New York ($508.70 billion) and Ohio ($429.53 billion). Here in New Jersey, our liability is nearly $40,000 for every resident of the state, which can dramatically deter future growth. Beyond using some of states’ budget surplus to shore up pension liabilities, states should move public employees to defined contribution plans, which are used by more than 100 million Americans. These are found to have better investment returns than state-wide pension plans and cost taxpayers less.

Our final recommendation is perhaps our most important: Save for a rainy day. If the U.S. economy enters into a recession, this will mean fewer jobs and less tax revenue for states. To prepare for the future when states again face a budget shortfall, which may be sooner than we think, states should follow best practices of reserving 10% of their budget in a rainy day fund, to sustain essential programs should a downturn occur in the future.

As state leaders consider their budgets, they should focus on long-term economic growth initiatives. Proposals like funding middle-skilled job trainings ensure workers are ready for the next decade, whereas eliminating unnecessary regulations and focusing on pro-growth tax reforms encourages residents to build businesses and create jobs. Lastly, taking care of state finances by properly funding state employees’ retirement plans and saving for a rainy day will ensure that no state is left behind in the next economic downturn.

Tyler Durden Thu, 06/30/2022 - 17:50

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Spread & Containment

Aging-US | Time makes histone H3 modifications drift in mouse liver

BUFFALO, NY- June 30, 2022 – A new research paper was published in Aging (Aging-US) on the cover of Volume 14, Issue 12, entitled, “Time makes histone…

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BUFFALO, NY- June 30, 2022 – A new research paper was published in Aging (Aging-US) on the cover of Volume 14, Issue 12, entitled, “Time makes histone H3 modifications drift in mouse liver.”

Credit: Hillje et al.

BUFFALO, NY- June 30, 2022 – A new research paper was published in Aging (Aging-US) on the cover of Volume 14, Issue 12, entitled, “Time makes histone H3 modifications drift in mouse liver.”

Aging is known to involve epigenetic histone modifications, which are associated with transcriptional changes, occurring throughout the entire lifespan of an individual.

“So far, no study discloses any drift of histone marks in mammals which is time-dependent or influenced by pro-longevity caloric restriction treatment.”

To detect the epigenetic drift of time passing, researchers—from Istituto di Ricovero e Cura a Carattere Scientifico, University of Urbino ‘Carlo Bo’, University of Milan, and University of Padua—determined the genome-wide distributions of mono- and tri-methylated lysine 4 and acetylated and tri-methylated lysine 27 of histone H3 in the livers of healthy 3, 6 and 12 months old C57BL/6 mice. 

“In this study, we used chromatin immunoprecipitation sequencing technology to acquire 108 high-resolution profiles of H3K4me3, H3K4me1, H3K27me3 and H3K27ac from the livers of mice aged between 3 months and 12 months and fed 30% caloric restriction diet (CR) or standard diet (SD).”

The comparison of different age profiles of histone H3 marks revealed global redistribution of histone H3 modifications with time, in particular in intergenic regions and near transcription start sites, as well as altered correlation between the profiles of different histone modifications. Moreover, feeding mice with caloric restriction diet, a treatment known to retard aging, reduced the extent of changes occurring during the first year of life in these genomic regions.

“In conclusion, while our data do not establish that the observed changes in H3 modification are causally involved in aging, they indicate age, buffered by caloric restriction, releases the histone H3 marking process of transcriptional suppression in gene desert regions of mouse liver genome most of which remain to be functionally understood.”

DOI: https://doi.org/10.18632/aging.204107 

Corresponding Author: Marco Giorgio – marco.giorgio@unipd.it 

Keywords: epigenetics, aging, histones, ChIP-seq, diet

Sign up for free Altmetric alerts about this article:  https://aging.altmetric.com/details/email_updates?id=10.18632%2Faging.204107

About Aging-US:

Launched in 2009, Aging (Aging-US) publishes papers of general interest and biological significance in all fields of aging research and age-related diseases, including cancer—and now, with a special focus on COVID-19 vulnerability as an age-dependent syndrome. Topics in Aging go beyond traditional gerontology, including, but not limited to, cellular and molecular biology, human age-related diseases, pathology in model organisms, signal transduction pathways (e.g., p53, sirtuins, and PI-3K/AKT/mTOR, among others), and approaches to modulating these signaling pathways.

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For media inquiries, please contact media@impactjournals.com.

Aging (Aging-US) Journal Office
6666 E. Quaker Str., Suite 1B
Orchard Park, NY 14127
Phone: 1-800-922-0957, option 1

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