Connect with us

International

5 Most Active Penny Stocks Today, Time To Buy?

Most active penny stocks today but are they a buy now or should you wait?
The post 5 Most Active Penny Stocks Today, Time To Buy? appeared first on Penny…

Published

4 months ago

on

Penny Stocks Uncovered: A Trader’s Insight into Today’s Action

The world of penny stocks is a bit like a treasure hunt—exciting, unpredictable, and full of potential finds. Let’s talk about what’s really getting traders’ attention in these markets: it’s all about volume. Think of volume as the heartbeat of a stock. When we’re looking at what’s hot in the penny stock market today, we’re really tuning into that heartbeat.

So, what’s the big deal with volume? Well, it’s like the number of hands a stock passes through during the day. A bunch of trades? That means something’s up. When you see those numbers climbing, it’s a hint that investors are getting interested, maybe even a little excited.

But let’s get real for a second—high volume isn’t always a thumbs-up. It could just as easily mean there’s some not-so-great news causing a stir. And let’s not forget penny stocks can be a wild ride. Prices can shoot up or drop before you even have time to click ‘buy’ or ‘sell.’ That spike in volume? It could be a flash in the pan, so always look for the full story.

Using Unusual Volume To Your Advantage With Penny Stocks

And don’t get swept up in the hype. Sometimes the crowd’s all buzzing about a stock because it’s the flavor of the day, but that doesn’t always mean it’s a winner. You’ve got to do your homework—check out the company, keep up with news, and get a feel for the industry buzz.

Finding those penny stocks to buy is about striking a balance. You’ve got to watch that volume, sure, but mix it with some good old-fashioned research and a couple of those fancy technical indicators. This way, you’re not just following the crowd—you’re making smart, informed choices.

Remember, volume tells you a story, but it’s not the whole book. A sudden rush of trades might be down to big company news or just rumors. Knowing the difference? That’s key.

And don’t just stop at volume. Blend it with other tech indicators, like moving averages or the RSI. It’s like putting together pieces of a puzzle to see the bigger picture of where those most active penny stocks to watch today might be heading.

Penny Stocks To Watch

In the end, there’s no substitute for doing your homework. Dig into the company’s details, stay on top of the news, and listen to the chatter in trading groups. Keeping an ear to the ground like this can give you the real scoop on the market’s mood, helping you spot the penny stocks that are genuinely worth your time and money. In this article, we look at 5 on a list of penny stocks to watch after recent catalysts ignited above-average volume in the stock market this week.

  1. Virgin Galactic (NYSE: SPCE)
  2. SiriusXM Holdings (NASDAQ: SIRI)
  3. Uniti Group Inc. (NASDAQ: UNIT)
  4. D-Wave Quantum Inc. (NYSE: QBTS)
  5. American Well Corp. (NYSE: AMWL)

Penny Stocks to Watch 1. Virgin Galactic (SPCE)

Space stocks were once a popular topic, but the trend cooled off significantly with the shift in market sentiment. The latest risk-on environment, however, has brought interest back to companies in the niche. Virgin Galactic most notably has taken an appeal from investors as the company continues launching civilians into space.

Earlier this month, the company completed its fifth successful human space mission in the last five months. Michael Colglazier, CEO of Virgin Galactic, said: “Our teams in New Mexico and California have delivered on our monthly spaceflight objectives. Three new astronauts journeyed to space today and brought back incredible memories and stories of their experience above the Earth. These early missions with our initial ship, VSS Unity, have informed and confirmed the design and maintenance objectives for our Delta class spaceships, and the production tooling for those ships is on track to commence later in the fourth quarter.”

– 7 Penny Stocks To Buy Now According To Analysts, Targets Up To 751%

This week, as the market has risen, so have shares of SPCE stock. While it’s a positive for the company following a long stint of selling, Virgin is still hovering around 52-week lows. The company will report its financial results for the third quarter of 2023 following the close of the U.S. markets on Wednesday, November 8, 2023. That will come just a week after the latest milestone where Virgin’s Galactic 05 mission reached space.

2. SiriusXM Holdings (SIRI)

penny stocks to buy sirius xm

The audio entertainment company has been a long-standing name in satellite radio. Shares have made a rebound over the last few sessions, thanks to recent M&A news.

This month, the company announced the extension of its deal with FOX News as well as increasing its quarterly dividend by 10%. However, what has come into a more certain focus is the company receiving an offer from Liberty Media Corporation to combine Liberty’s Liberty SiriusXM tracking stock group with SiriusXM.

Analysts appear optimistic about the proposal. Deutsche Bank Securities said in a note that this will help the company achieve its goal of eliminating the net asset value discount.

This week, momentum continues in the penny stock after earnings. Sirius reported an EPS and revenue decline. However, the company maintains its 2023 revenue guidance. Sirius XM reiterated revenue outlook of $9.0 billion, in line with the consensus. It also maintained an adjusted EBITDA of $2.75 billion. The mixed results brought about mixed trading action in the stock market today with shares holding green during the early afternoon session.

3. Uniti Group Inc. (UNIT)

Uniti Group Inc. is a real estate investment trust specializing in the acquisition and construction of communication infrastructure. They offer fiber and wireless solutions for the communications industry, owning substantial fiber route miles and fiber strand miles in the US.

– 5 Most Active Penny Stocks Today & Why They’re Moving Now

The company recently reported Q3 earnings, which has prompted momentum in the stock market today. Q3 2023 results show a net loss of $80.9 million due to non-cash items, but a growth in consolidated revenue and Adjusted EBITDA. The company reiterated its 2023 outlook, emphasizing the resilience in demand for fiber infrastructure despite macroeconomic challenges.

Continued demand for fiber infrastructure and positive revenue trends could signal a promising outlook. That may be the bullish case for UNIT stock. The Bearish Case may focus more on the fact that Uniti reported net a loss, which might concern some investors.

Penny Stocks to Watch 4. D-Wave Quantum Inc. (QBTS)

quantum computing stocks

D-Wave Quantum Inc. leads in quantum computing systems, software, and services, being a pioneer in commercially supplying quantum computers. In a recent update, D-Wave and QuantumBasel announced extending their strategic alliance by two years to hasten quantum and quantum-hybrid application growth in Europe. The partnership started in December 2022, enabling QuantumBasel to access D-Wave’s quantum technology.

Together, they have spearheaded numerous market initiatives and customer engagements, targeting industrial construction sectors among others. This extension solidifies their joint commitment to quantum innovation, aiming for wider commercial adoption. Their shared vision is to tackle complex global challenges for industrial and societal betterment. The anticipation is that this step will accelerate the momentum for quantum and quantum-hybrid applications moving into production.

In the short term, continued momentum might hinge on the successful commercialization of quantum technology and the fruition of the D-Wave and QuantumBasel partnership. Needless to say, any setbacks in the joint initiatives or slower-than-anticipated commercial adoption of quantum technology could slow things down.

5. American Well Corp. (AMWL)

Amwell, a frontrunner in hybrid care enablement, connects various healthcare stakeholders to deliver cost-effective, high-quality care. With a robust platform, it addresses a spectrum of healthcare needs, advocating for the transformative potential of hybrid care delivery​. Recent momentum can point back to the latest earnings report.

The Q3 2023 financial snapshot unveiled a revenue of $61.9 million, a notable incline in subscription and visit revenue, albeit a net loss of $137.1 million, largely attributed to non-cash goodwill impairment charges. The gross margin stood at 35%, with an improved Adjusted EBITDA. Total active providers and visits surged, reflecting a growing adoption of Amwell’s Converge platform, especially underscored by a new venture with the United States Defense Health Agency’s Digital First initiative. This, alongside achieving the 50% visits metric on Converge ahead of schedule, exemplifies a positive trajectory towards leveraging the Converge platform for broader healthcare solutions​.

– Is It Worth It To Start Trading Penny Stocks With $1,000?

“In Q3, our business moved forward in three important ways. We won a major new opportunity supporting the United States Defense Health Agency’s Digital First initiatives across the Military Health System. We are inspired by this important validation of our Converge platform, and the expanded opportunity it affords us,” said CEO Ido Schoenberg, M.D.

The post 5 Most Active Penny Stocks Today, Time To Buy? appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Read More

Related Topics:
Continue Reading

International

Angry Shouting Aside, Here’s What Biden Is Running On

Angry Shouting Aside, Here’s What Biden Is Running On

Last night, Joe Biden gave an extremely dark, threatening, angry State of the Union…

Published

2 hours ago

on

March 8, 2024

By

Angry Shouting Aside, Here's What Biden Is Running On

Last night, Joe Biden gave an extremely dark, threatening, angry State of the Union address - in which he insisted that the American economy is doing better than ever, blamed inflation on 'corporate greed,' and warned that Donald Trump poses an existential threat to the republic.

But in between the angry rhetoric, he also laid out his 2024 election platform - for which additional details will be released on March 11, when the White House sends its proposed budget to Congress.

To that end, Goldman Sachs' Alec Phillips and Tim Krupa have summarized the key points:

Taxes

While railing against billionaires (nothing new there), Biden repeated the claim that anyone making under $400,000 per year won't see an increase in their taxes.  He also proposed a 21% corporate minimum tax, up from 15% on book income outlined in the Inflation Reduction Act (IRA), as well as raising the corporate tax rate from 21% to 28% (which would promptly be passed along to consumers in the form of more inflation). Goldman notes that "Congress is unlikely to consider any of these proposals this year, they would only come into play in a second Biden term, if Democrats also won House and Senate majorities."

Biden also called on Congress to restore the pandemic-era child tax credit.

Immigration

Instead of simply passing a slew of border security Executive Orders like the Trump ones he shredded on day one, Biden repeated the lie that Congress 'needs to act' before he can (translation: send money to Ukraine or the US border will continue to be a sieve).

As immigration comes into even greater focus heading into the election, we continue to expect the Administration to tighten policy (e.g., immigration has surged 20pp the last 7 months to first place with 28% in Gallup’s “most important problem” survey). As such, we estimate the foreign-born contribution to monthly labor force growth will moderate from 110k/month in 2023 to around 70-90k/month in 2024. -GS

Ukraine

Biden, with House Speaker Mike Johnson doing his best impression of a bobble-head, urged Congress to pass additional assistance for Ukraine based entirely on the premise that Russia 'won't stop' there (and would what, trigger article 5 and WW3 no matter what?), despite the fact that Putin explicitly told Tucker Carlson he has no further ambitions, and in fact seeks a settlement.

As Goldman estimates, "While there is still a clear chance that such a deal could come together, for now there is no clear path forward for Ukraine aid in Congress."

China

Biden, forgetting about all the aggressive tariffs, suggested that Trump had been soft on China, and that he will stand up "against China's unfair economic practices" and "for peace and stability across the Taiwan Strait."

Healthcare

Lastly, Biden proposed to expand drug price negotiations to 50 additional drugs each year (an increase from 20 outlined in the IRA), which Goldman said would likely require bipartisan support "even if Democrats controlled Congress and the White House," as such policies would likely be ineligible for the budget "reconciliation" process which has been used in previous years to pass the IRA and other major fiscal party when Congressional margins are just too thin.

So there you have it. With no actual accomplishments to speak of, Biden can only attack Trump, lie, and make empty promises.

Tyler Durden Fri, 03/08/2024 - 18:00

Read More

Continue Reading

International

United Airlines adds new flights to faraway destinations

The airline said that it has been working hard to "find hidden gem destinations."

Published

9 hours ago

on

March 8, 2024

By

Since countries started opening up after the pandemic in 2021 and 2022, airlines have been seeing demand soar not just for major global cities and popular routes but also for farther-away destinations.

Numerous reports, including a recent TripAdvisor survey of trending destinations, showed that there has been a rise in U.S. traveler interest in Asian countries such as Japan, South Korea and Vietnam as well as growing tourism traction in off-the-beaten-path European countries such as Slovenia, Estonia and Montenegro.

Related: 'No more flying for you': Travel agency sounds alarm over risk of 'carbon passports'

As a result, airlines have been looking at their networks to include more faraway destinations as well as smaller cities that are growing increasingly popular with tourists and may not be served by their competitors.

The Philippines has been popular among tourists in recent years.

Shutterstock

United brings back more routes, says it is committed to 'finding hidden gems'

This week, United Airlines  (UAL)  announced that it will be launching a new route from Newark Liberty International Airport (EWR) to Morocco's Marrakesh. While it is only the country's fourth-largest city, Marrakesh is a particularly popular place for tourists to seek out the sights and experiences that many associate with the country — colorful souks, gardens with ornate architecture and mosques from the Moorish period.

More Travel:

"We have consistently been ahead of the curve in finding hidden gem destinations for our customers to explore and remain committed to providing the most unique slate of travel options for their adventures abroad," United's SVP of Global Network Planning Patrick Quayle, said in a press statement.

The new route will launch on Oct. 24 and take place three times a week on a Boeing 767-300ER  (BA)  plane that is equipped with 46 Polaris business class and 22 Premium Plus seats. The plane choice was a way to reach a luxury customer customer looking to start their holiday in Marrakesh in the plane.

Along with the new Morocco route, United is also launching a flight between Houston (IAH) and Colombia's Medellín on Oct. 27 as well as a route between Tokyo and Cebu in the Philippines on July 31 — the latter is known as a "fifth freedom" flight in which the airline flies to the larger hub from the mainland U.S. and then goes on to smaller Asian city popular with tourists after some travelers get off (and others get on) in Tokyo.

United's network expansion includes new 'fifth freedom' flight

In the fall of 2023, United became the first U.S. airline to fly to the Philippines with a new Manila-San Francisco flight. It has expanded its service to Asia from different U.S. cities earlier last year. Cebu has been on its radar amid growing tourist interest in the region known for marine parks, rainforests and Spanish-style architecture.

With the summer coming up, United also announced that it plans to run its current flights to Hong Kong, Seoul, and Portugal's Porto more frequently at different points of the week and reach four weekly flights between Los Angeles and Shanghai by August 29.

"This is your normal, exciting network planning team back in action," Quayle told travel website The Points Guy of the airline's plans for the new routes.

Read More

Continue Reading

International

Walmart launches clever answer to Target’s new membership program

The retail superstore is adding a new feature to its Walmart+ plan — and customers will be happy.

Published

9 hours ago

on

March 8, 2024

By

It's just been a few days since Target  (TGT)  launched its new Target Circle 360 paid membership plan. 

The plan offers free and fast shipping on many products to customers, initially for $49 a year and then $99 after the initial promotional signup period. It promises to be a success, since many Target customers are loyal to the brand and will go out of their way to shop at one instead of at its two larger peers, Walmart and Amazon.

Related: Walmart makes a major price cut that will delight customers

And stop us if this sounds familiar: Target will rely on its more than 2,000 stores to act as fulfillment hubs. 

This model is a proven winner; Walmart also uses its more than 4,600 stores as fulfillment and shipping locations to get orders to customers as soon as possible.

Sometimes, this means shipping goods from the nearest warehouse. But if a desired product is in-store and closer to a customer, it reduces miles on the road and delivery time. It's a kind of logistical magic that makes any efficiency lover's (or retail nerd's) heart go pitter patter. 

Walmart rolls out answer to Target's new membership tier

Walmart has certainly had more time than Target to develop and work out the kinks in Walmart+. It first launched the paid membership in 2020 during the height of the pandemic, when many shoppers sheltered at home but still required many staples they might ordinarily pick up at a Walmart, like cleaning supplies, personal-care products, pantry goods and, of course, toilet paper. 

It also undercut Amazon  (AMZN)  Prime, which costs customers $139 a year for free and fast shipping (plus several other benefits including access to its streaming service, Amazon Prime Video). 

Walmart+ costs $98 a year, which also gets you free and speedy delivery, plus access to a Paramount+ streaming subscription, fuel savings, and more. 

An employee at a Merida, Mexico, Walmart. (Photo by Jeffrey Greenberg/Universal Images Group via Getty Images)

Jeff Greenberg/Getty Images

If that's not enough to tempt you, however, Walmart+ just added a new benefit to its membership program, ostensibly to compete directly with something Target now has: ultrafast delivery. 

Target Circle 360 particularly attracts customers with free same-day delivery for select orders over $35 and as little as one-hour delivery on select items. Target executes this through its Shipt subsidiary.

We've seen this lightning-fast delivery speed only in snippets from Amazon, the king of delivery efficiency. Who better to take on Target, though, than Walmart, which is using a similar store-as-fulfillment-center model? 

"Walmart is stepping up to save our customers even more time with our latest delivery offering: Express On-Demand Early Morning Delivery," Walmart said in a statement, just a day after Target Circle 360 launched. "Starting at 6 a.m., earlier than ever before, customers can enjoy the convenience of On-Demand delivery."

Walmart  (WMT)  clearly sees consumers' desire for near-instant delivery, which obviously saves time and trips to the store. Rather than waiting a day for your order to show up, it might be on your doorstep when you wake up. 

Consumers also tend to spend more money when they shop online, and they remain stickier as paying annual members. So, to a growing number of retail giants, almost instant gratification like this seems like something worth striving for.

Related: Veteran fund manager picks favorite stocks for 2024

Read More

Continue Reading

Trending