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

Penny stocks to watch this week.
The post 5 Most Active Penny Stocks Today & Why They’re Moving Now appeared first on Penny Stocks to Buy, Picks,…

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4 months ago

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Penny stocks are the wild west of the stock market. Fast-paced, unpredictable, and laden with potential treasures. And in this vast landscape, one metric stands out: volume. It’s like the heartbeat of a stock, echoing its vitality and momentum. Today, we’re diving deep into the most active penny stocks and the role volume plays in their dance.

Volume: The Pulse of Penny Stocks

When we talk about “active” penny stocks, we’re often referring to volume. But what is volume? Simply put, it’s the number of shares traded in a given period. And in the world of penny stocks, volume speaks volumes.

Why Volume Matters in Penny Stock Research

  • Indicator of Interest: High volume indicates strong investor interest. It’s like a spotlight on the stock market stage.
  • Price Momentum Clues: A surge in volume can precede price movements, offering potential buy or sell signals.
  • Liquidity Boost: High volume stocks are easier to buy or sell. Liquid markets mean faster trades.
  • Market Confidence: A consistent volume suggests stability and can indicate a general market confidence in that particular stock.
  • Visibility: High volume stocks get more coverage. They’re discussed in forums, covered by analysts, and become the talk of the town, which can further influence their movement.

High Volume: Not Always a Rosy Picture

While volume can be a trader’s best friend, it’s not without its quirks. A word of caution for those navigating these waters:

  • Don’t Be Fooled by the Buzz: Just because there’s high volume doesn’t mean everyone’s buying. Sometimes, bad news can send trading through the roof.
  • Expect the Unexpected: Penny stocks with bustling activity can swing wildly. Prices might change before you can blink.
  • Look Before You Leap: A sudden surge in volume doesn’t guarantee lasting momentum. Always try to get the full story.
  • External Factors: Sometimes external events or manipulated news can artificially inflate volume. Being aware of the broader market and world news can help in understanding such anomalies.
  • Crowd Mentality: Just because everyone’s talking about a high-volume stock doesn’t mean it’s a sure bet. It’s essential to do your research and not get swayed by the herd.

Navigating the penny stock terrain with volume as your guide can be rewarding. But like every journey, it’s essential to be equipped with knowledge, a discerning eye, and a pinch of caution.

Finding the Sweet Spot with Volume

Think of using volume in penny stock research as a balancing act. Much like searching for treasure, sometimes you strike gold, while at other times, you might hit a dud. By marrying volume insights with other key indicators and complementing them with thorough research, traders can be steered toward wiser decisions.

Moreover, volume is more than just numbers. Indeed, it tells a story, and it’s imperative to interpret it correctly. A sudden surge in trading activity could be influenced by a plethora of factors, whether it’s groundbreaking company news or mere market speculation. Consequently, recognizing the difference between genuine interest and fleeting hype becomes pivotal.

On the other hand, it’s crucial to remember that volume shouldn’t stand alone in your analysis. For a more rounded perspective, it’s beneficial to amalgamate volume data with other technical indicators, such as moving averages or the relative strength index. Together, these insights can pave the way for a broader understanding of a stock’s potential trajectory.

In conclusion, the importance of thorough research cannot be overstated. Beyond the bare numbers and charts, taking a deep dive into the company’s fundamentals, recent news, and industry trends can offer invaluable insights. Furthermore, high trading volumes often ignite discussions in trading communities, forums, and news outlets. Actively tuning into these conversations can provide traders with a keen sense of prevailing market sentiments.

Penny Stocks to Watch

  1. Tellurian Inc. (NYSEAMERICAN: TELL)
  2. Outlook Therapeutics (NASDAQ: OTLK)
  3. BioXcel Therapeutics (NASDAQ: BTAI)
  4. Aldeyra Therapeutics (NASDAQ: ALDX)
  5. Cellectis (NASDAQ: CLLS)

Tellurian Inc. (TELL)

penny stocks to buy Tellurian Inc TELL stock logo

Rising natural gas prices have traders looking at companies in the sector. Tellurian, a liquified natural gas company, has experienced an uptick in momentum that coincides with this move. One of the most significant developments also promoting optimism in the company is a big deal with Baker Hughes.

The two inked a deal securing eight main refrigerant compression packages. This is for the first phase of the Driftwood LNG project, which has been a topic of discussion for Tellurian for quite some time.

– 4 Penny Stocks To Buy Now According To Analysts, Targets Up To 240%

“This agreement builds on the established collaboration between Baker Hughes and Tellurian as we continue to execute on our scope for the Driftwood Pipeline 200, which includes providing zero-emissions ICL compressor packages for their first deployment in North America. Leveraging our 30 years of experience in LNG and broad portfolio of technologies for the natural gas value chain, we are pleased to support Tellurian also for the Driftwood liquefaction plant with our gas technology solutions,” said Lorenzo Simonelli, chairman and CEO of Baker Hughes.

Initial production is slated for 2027.

Outlook Therapeutics (OTLK)

Shares of OTLK stock have been pushing higher for over 2 months thanks to multiple catalysts. A lot of the positive sentiment has stemmed from the news at the end of September that Outlook requested a meeting with the FDA.

Outlook wants to discuss the complete response letter from August regarding the biologics license application for its ONS-5010. The treatment candidate is Outlook’s wet AMD drug. “Our belief remains unwavering that the retina community needs an FDA-approved ophthalmic bevacizumab to deliver an alternative on-label bevacizumab option for patients with wet AMD,” said Russell Trenary, President and CEO of Outlook Therapeutics, in a September update.

This week news from the company highlighted an upcoming presentation at Guggenheim’s Inflammation, Neurology & Immunology conference. Management will host a fireside chat next Tuesday at the conference in addition to 1 on 1 meetings.

BioXcel Therapeutics (BTAI)

biotechnology stocks to watch

BioXcel Therapeutics recently disclosed favorable findings from a third-party audit. This was concerning data integrity at a TRANQUILITY II Phase 3 Trial site. There was no further misconduct or fraud found beyond a previously reported instance.

The audit also supports the reliability of the trial data and a potential supplemental New Drug Application (sNDA) submission for BXCL501 for treating agitation in probable Alzheimer’s disease.

The positive audit results, alongside the statistically significant trial data, may bolster investor confidence. That may be one of the reasons that BTAI stock has climbed. This week has continued placing a spotlight on the company after Bioxcel reported that the Centers for Medicare & Medicaid Services issued a permanent and product-specific J-Code for its IGALMI for treating agitation related to schizophrenia and certain bipolar disorders.

The company also gave its official notice of upcoming financial results. BioXcel reports its third-quarter earnings on November 14, 2023. Since these come before the market opens on that Tuesday, these could be a potential catalyst to factor in if BTAI stock is on your watch list.

Aldeyra Therapeutics (ALDX)

Possibly one of the most active penny stocks today is Aldeyra Therapeutics. The immuno-mediated treatment company, like Tellurian, inked a deal with a notable industry leader. In this case, Aldeyra signed a deal with AbbVie Inc.

– Penny Stocks To Buy Today? 4 To Watch Now

The deal sees AbbVie gaining an option to buy a co-exclusive license to develop and commercialize reproxalap in the US. There is also an exclusive license to develop and commercialize reproxalap outside the US. What does Aldeyra get in return? The company receives a refundable option fee of $1 million as well as an upfront payment of $100 million minus fees. Aldeyra would be eligible to receive up to $300 million in milestone payments.

Reproxalap is being developed as a potential treatment of dry eye disease.

Cellectis (CLLS)

biotech penny stocks

Cellectis is another one of the top penny stocks as far as trading volume is concerned. The company is developing gene-editing tech to create new therapies including those for cancer. This week Cellectis announced a strategic collaboration and investment agreement with AstraZeneca.

The company will receive $25 million upfront. It is also eligible to receive an investigational new drug option fee as well as milestone payments between $70 million and $220 million depending on the product candidates.

Cellectis said it will use the proceeds for research and development expenses incurred in developing its programs. Its clinical-stage assets, UCART22, UCART123 and UCART20x22 will remain under Cellectis’ ownership and control.

In response to the milestone, Marc Dunoyer, Chief Strategy Officer, AstraZeneca, and Chief Executive Officer, Alexion, AstraZeneca Rare Disease, said: “The differentiated capabilities Cellectis has in gene editing and manufacturing complement our in-house expertise and investments made in the past year. AstraZeneca continues to advance our ambition in cell therapy for oncology and autoimmune diseases as well as in genomic medicine, which has potential to be transformative for patients with rare diseases.”

The post 5 Most Active Penny Stocks Today & Why They’re Moving Now appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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February Employment Situation

By Paul Gomme and Peter Rupert The establishment data from the BLS showed a 275,000 increase in payroll employment for February, outpacing the 230,000…

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7 hours ago

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March 9, 2024

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By Paul Gomme and Peter Rupert

The establishment data from the BLS showed a 275,000 increase in payroll employment for February, outpacing the 230,000 average over the previous 12 months. The payroll data for January and December were revised down by a total of 167,000. The private sector added 223,000 new jobs, the largest gain since May of last year.

Temporary help services employment continues a steep decline after a sharp post-pandemic rise.

Average hours of work increased from 34.2 to 34.3. The increase, along with the 223,000 private employment increase led to a hefty increase in total hours of 5.6% at an annualized rate, also the largest increase since May of last year.

The establishment report, once again, beat “expectations;” the WSJ survey of economists was 198,000. Other than the downward revisions, mentioned above, another bit of negative news was a smallish increase in wage growth, from $34.52 to $34.57.

The household survey shows that the labor force increased 150,000, a drop in employment of 184,000 and an increase in the number of unemployed persons of 334,000. The labor force participation rate held steady at 62.5, the employment to population ratio decreased from 60.2 to 60.1 and the unemployment rate increased from 3.66 to 3.86. Remember that the unemployment rate is the number of unemployed relative to the labor force (the number employed plus the number unemployed). Consequently, the unemployment rate can go up if the number of unemployed rises holding fixed the labor force, or if the labor force shrinks holding the number unemployed unchanged. An increase in the unemployment rate is not necessarily a bad thing: it may reflect a strong labor market drawing “marginally attached” individuals from outside the labor force. Indeed, there was a 96,000 decline in those workers.

Earlier in the week, the BLS announced JOLTS (Job Openings and Labor Turnover Survey) data for January. There isn’t much to report here as the job openings changed little at 8.9 million, the number of hires and total separations were little changed at 5.7 million and 5.3 million, respectively.

As has been the case for the last couple of years, the number of job openings remains higher than the number of unemployed persons.

Also earlier in the week the BLS announced that productivity increased 3.2% in the 4th quarter with output rising 3.5% and hours of work rising 0.3%.

The bottom line is that the labor market continues its surprisingly (to some) strong performance, once again proving stronger than many had expected. This strength makes it difficult to justify any interest rate cuts soon, particularly given the recent inflation spike.

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Mortgage rates fall as labor market normalizes

Jobless claims show an expanding economy. We will only be in a recession once jobless claims exceed 323,000 on a four-week moving average.

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23 hours ago

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March 8, 2024

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Everyone was waiting to see if this week’s jobs report would send mortgage rates higher, which is what happened last month. Instead, the 10-year yield had a muted response after the headline number beat estimates, but we have negative job revisions from previous months. The Federal Reserve’s fear of wage growth spiraling out of control hasn’t materialized for over two years now and the unemployment rate ticked up to 3.9%. For now, we can say the labor market isn’t tight anymore, but it’s also not breaking.

The key labor data line in this expansion is the weekly jobless claims report. Jobless claims show an expanding economy that has not lost jobs yet. We will only be in a recession once jobless claims exceed 323,000 on a four-week moving average.

From the Fed: In the week ended March 2, initial claims for unemployment insurance benefits were flat, at 217,000. The four-week moving average declined slightly by 750, to 212,250


Below is an explanation of how we got here with the labor market, which all started during COVID-19.

1. I wrote the COVID-19 recovery model on April 7, 2020, and retired it on Dec. 9, 2020. By that time, the upfront recovery phase was done, and I needed to model out when we would get the jobs lost back.

2. Early in the labor market recovery, when we saw weaker job reports, I doubled and tripled down on my assertion that job openings would get to 10 million in this recovery. Job openings rose as high as to 12 million and are currently over 9 million. Even with the massive miss on a job report in May 2021, I didn’t waver.

Currently, the jobs openings, quit percentage and hires data are below pre-COVID-19 levels, which means the labor market isn’t as tight as it once was, and this is why the employment cost index has been slowing data to move along the quits percentage.  

2-US_Job_Quits_Rate-1-2

3. I wrote that we should get back all the jobs lost to COVID-19 by September of 2022. At the time this would be a speedy labor market recovery, and it happened on schedule, too

Total employment data

4. This is the key one for right now: If COVID-19 hadn’t happened, we would have between 157 million and 159 million jobs today, which would have been in line with the job growth rate in February 2020. Today, we are at 157,808,000. This is important because job growth should be cooling down now. We are more in line with where the labor market should be when averaging 140K-165K monthly. So for now, the fact that we aren’t trending between 140K-165K means we still have a bit more recovery kick left before we get down to those levels. 




From BLS: Total nonfarm payroll employment rose by 275,000 in February, and the unemployment rate increased to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in government, in food services and drinking places, in social assistance, and in transportation and warehousing.

Here are the jobs that were created and lost in the previous month:

IMG_5092

In this jobs report, the unemployment rate for education levels looks like this:

  • Less than a high school diploma: 6.1%
  • High school graduate and no college: 4.2%
  • Some college or associate degree: 3.1%
  • Bachelor’s degree or higher: 2.2%
IMG_5093_320f22

Today’s report has continued the trend of the labor data beating my expectations, only because I am looking for the jobs data to slow down to a level of 140K-165K, which hasn’t happened yet. I wouldn’t categorize the labor market as being tight anymore because of the quits ratio and the hires data in the job openings report. This also shows itself in the employment cost index as well. These are key data lines for the Fed and the reason we are going to see three rate cuts this year.

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Inside The Most Ridiculous Jobs Report In History: Record 1.2 Million Immigrant Jobs Added In One Month

Inside The Most Ridiculous Jobs Report In History: Record 1.2 Million Immigrant Jobs Added In One Month

Last month we though that the January…

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23 hours ago

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March 8, 2024

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Inside The Most Ridiculous Jobs Report In History: Record 1.2 Million Immigrant Jobs Added In One Month

Last month we though that the January jobs report was the "most ridiculous in recent history" but, boy, were we wrong because this morning the Biden department of goalseeked propaganda (aka BLS) published the February jobs report, and holy crap was that something else. Even Goebbels would blush. 

What happened? Let's take a closer look.

On the surface, it was (almost) another blockbuster jobs report, certainly one which nobody expected, or rather just one bank out of 76 expected. Starting at the top, the BLS reported that in February the US unexpectedly added 275K jobs, with just one research analyst (from Dai-Ichi Research) expecting a higher number.

Some context: after last month's record 4-sigma beat, today's print was "only" 3 sigma higher than estimates. Needless to say, two multiple sigma beats in a row used to only happen in the USSR... and now in the US, apparently.

Before we go any further, a quick note on what last month we said was "the most ridiculous jobs report in recent history": it appears the BLS read our comments and decided to stop beclowing itself. It did that by slashing last month's ridiculous print by over a third, and revising what was originally reported as a massive 353K beat to just 229K,  a 124K revision, which was the biggest one-month negative revision in two years!

Of course, that does not mean that this month's jobs print won't be revised lower: it will be, and not just that month but every other month until the November election because that's the only tool left in the Biden admin's box: pretend the economic and jobs are strong, then revise them sharply lower the next month, something we pointed out first last summer and which has not failed to disappoint once.

To be fair, not every aspect of the jobs report was stellar (after all, the BLS had to give it some vague credibility). Take the unemployment rate, after flatlining between 3.4% and 3.8% for two years - and thus denying expectations from Sahm's Rule that a recession may have already started - in February the unemployment rate unexpectedly jumped to 3.9%, the highest since February 2022 (with Black unemployment spiking by 0.3% to 5.6%, an indicator which the Biden admin will quickly slam as widespread economic racism or something).

And then there were average hourly earnings, which after surging 0.6% MoM in January (since revised to 0.5%) and spooking markets that wage growth is so hot, the Fed will have no choice but to delay cuts, in February the number tumbled to just 0.1%, the lowest in two years...

... for one simple reason: last month's average wage surge had nothing to do with actual wages, and everything to do with the BLS estimate of hours worked (which is the denominator in the average wage calculation) which last month tumbled to just 34.1 (we were led to believe) the lowest since the covid pandemic...

... but has since been revised higher while the February print rose even more, to 34.3, hence why the latest average wage data was once again a product not of wages going up, but of how long Americans worked in any weekly period, in this case higher from 34.1 to 34.3, an increase which has a major impact on the average calculation.

While the above data points were examples of some latent weakness in the latest report, perhaps meant to give it a sheen of veracity, it was everything else in the report that was a problem starting with the BLS's latest choice of seasonal adjustments (after last month's wholesale revision), which have gone from merely laughable to full clownshow, as the following comparison between the monthly change in BLS and ADP payrolls shows. The trend is clear: the Biden admin numbers are now clearly rising even as the impartial ADP (which directly logs employment numbers at the company level and is far more accurate), shows an accelerating slowdown.

But it's more than just the Biden admin hanging its "success" on seasonal adjustments: when one digs deeper inside the jobs report, all sorts of ugly things emerge... such as the growing unprecedented divergence between the Establishment (payrolls) survey and much more accurate Household (actual employment) survey. To wit, while in January the BLS claims 275K payrolls were added, the Household survey found that the number of actually employed workers dropped for the third straight month (and 4 in the past 5), this time by 184K (from 161.152K to 160.968K).

This means that while the Payrolls series hits new all time highs every month since December 2020 (when according to the BLS the US had its last month of payrolls losses), the level of Employment has not budged in the past year. Worse, as shown in the chart below, such a gaping divergence has opened between the two series in the past 4 years, that the number of Employed workers would need to soar by 9 million (!) to catch up to what Payrolls claims is the employment situation.

There's more: shifting from a quantitative to a qualitative assessment, reveals just how ugly the composition of "new jobs" has been. Consider this: the BLS reports that in February 2024, the US had 132.9 million full-time jobs and 27.9 million part-time jobs. Well, that's great... until you look back one year and find that in February 2023 the US had 133.2 million full-time jobs, or more than it does one year later! And yes, all the job growth since then has been in part-time jobs, which have increased by 921K since February 2023 (from 27.020 million to 27.941 million).

Here is a summary of the labor composition in the past year: all the new jobs have been part-time jobs!

But wait there's even more, because now that the primary season is over and we enter the heart of election season and political talking points will be thrown around left and right, especially in the context of the immigration crisis created intentionally by the Biden administration which is hoping to import millions of new Democratic voters (maybe the US can hold the presidential election in Honduras or Guatemala, after all it is their citizens that will be illegally casting the key votes in November), what we find is that in February, the number of native-born workers tumbled again, sliding by a massive 560K to just 129.807 million. Add to this the December data, and we get a near-record 2.4 million plunge in native-born workers in just the past 3 months (only the covid crash was worse)!

The offset? A record 1.2 million foreign-born (read immigrants, both legal and illegal but mostly illegal) workers added in February!

Said otherwise, not only has all job creation in the past 6 years has been exclusively for foreign-born workers...

Source: St Louis Fed FRED Native Born and Foreign Born

... but there has been zero job-creation for native born workers since June 2018!

This is a huge issue - especially at a time of an illegal alien flood at the southwest border...

... and is about to become a huge political scandal, because once the inevitable recession finally hits, there will be millions of furious unemployed Americans demanding a more accurate explanation for what happened - i.e., the illegal immigration floodgates that were opened by the Biden admin.

Which is also why Biden's handlers will do everything in their power to insure there is no official recession before November... and why after the election is over, all economic hell will finally break loose. Until then, however, expect the jobs numbers to get even more ridiculous.

Tyler Durden Fri, 03/08/2024 - 13:30

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