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Top 10 Reddit Penny Stocks To Watch With AMC Stock Pushing Up Again

Top 10 penny stocks to watch right now? Check these out for your list

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10 Penny Stocks to Watch With AMC Stock Back in Focus

In a recent pennystocks.com article, we covered 5 Penny Stocks on Reddit for Your June 2021 Watchlist. This piece is a continuation, as more and more valuable penny stocks continue to come to light. Right now, there are a lot of unique factors at play in the stock market. On one hand, we have the pandemic coming to an end. This has shed a light on what are known as ‘reopening penny stocks’. While we can’t say for certain when Covid-19 will be over, massive vaccination efforts mean that case numbers are lower than they have been in many months prior. The next thing to consider is the state of the U.S. economy as a result of Covid. In the Fed Meeting held yesterday, Jerome Powell discussed the rebounding economy with a hopeful outlook. While this outlook is a positive for investors, many are wondering when the market will begin to reflect that. If you’ve traded penny stocks or blue chips in the past few months, you probably are wondering why the stock market is down constantly? And, the short answer to this is uncertainty and the natural ebb and flow of the market. On one hand, investors are unsure about the future. This is characterized by lower than average volume, and most trading days ending sideways. [Read More] Top EV Penny Stocks to Buy? 4 You Need to Watch in 2021 The exception to this are stocks like AMC stock and GME stock, which are colloquially referred to as meme stocks. These companies have continued to rise in value due to investor sentiment and speculation rather than fundamentals. It’s important to note that these companies tend to be highly volatile, and investors should keep these massive fluctuations in mind. On the other hand, the natural ebb and flow of the market means that corrections are common. Earlier in the year, the stock market was on a tirade, bringing new record highs every day. This, however, is unsustainable and had to result in a correction at some point. So, considering the extraordinary world we are living in today, let’s take a look at ten penny stocks to watch as AMC stock climbs, and the market hopefully rebounds.

10 Penny Stocks to Watch With AMC Stock Pushing Up Again

  1. Protagenic Therapeutics Inc. (NASDAQ: PTIX)
  2. Conformis Inc. (NASDAQ: CFMS)
  3. Boxlight Corp. (NASDAQ: BOXL)
  4. Clearside Biomedical Inc. (NASDAQ: CLSD)
  5. Uxin Ltd. (NASDAQ: UXIN)

Protagenic Therapeutics Inc. (NASDAQ: PTIX)

Protagenic Therapeutics Inc. is a biotech penny stock that is showing high market performance recently. This is a common trend with biotech penny stocks in 2021, with many increasing in value. Protagenic discovers and develops therapeutics in use for stress-related neuropsychiatric and mood disorders. One of its lead compounds is PT00114 which is a synthetic form of teneurin carboxy-terminal associated peptide. This is an endogenous brain signaling peptide that can dampen overactive stress responses. [Read More] 4 Penny Stocks to Watch Following the Fed Meeting and Powell’s Remarks On June 17th, Protagenic is expected to present at the H.C. Wainwright Psychedelics in Psychiatry and Beyond virtual conference. Other than this recent announcement, there has been no company-specific news that is driving the price of PTIX stock upwards in the market. Despite this, PTIX stock has moved up more than 8% on June 17th. So why is this happening? Well, this could potentially be due to the high performance of biotech penny stocks in general at the moment, or because of the presentation, it gave today. While this remains unknown, will you add PTIX to your penny stock watchlist as June moves forward?
Penny_Stocks_to_Watch_Protagenic_Therapeutics_Inc_PTIX_Stock_Chart

Conformis Inc. (NASDAQ: CFMS)

Conformis Inc. is another biotech penny stock that has increased in several recent trading sessions. This biotech company develops, manufactures, and sells joint replacement implants. Its knee replacement products, such as iTotal CR and iTotal PS are some of the leading joint replacements in the medical field right now. These products are marketed and sold to orthopedic surgeons, hospitals, and other medical facilities all around the world. So what is causing the stock price increase of CFMS in June? Conformis is another biotech penny stock that has not released any recent company-specific news in several weeks. Over the last few months, the company has presented at a variety of conferences and so on, however, today’s move could again, be a sympathy gain alongside the biotech industry. It’s worth noting that CFMS stock’s volume is nearly triple its market average right now. It is possible that CFMS is moving upwards because of the hype around biotech penny stocks on Reddit. CFMS is mentioned frequently on various subreddits such as r/pennystocks and r/shortsqueeze. For this reason, it could be considered a Reddit penny stock to some traders. Often these stocks are also dubbed “meme stocks” because of their rise to glory caused by social media posts. With all of this in mind, is CFMS a contender for your penny stock watchlist?
Penny_Stocks_to_Watch_Conformis_Inc._(CFMS_Stock_Chart)

Boxlight Corporation (NASDAQ: BOXL)

Boxlight Corp. is a penny stock that we’ve been covering for many months at this point. As a tech company, Boxlight is focused on education-related technology. It develops, sells, and services interactive classroom solutions for the K-12 education market. This includes flat panel displays, interactive projectors, touch boards, and other learning tools. Its MimioTeach product allows any whiteboard to become interactive, which is a game-changer in the age of digital education. [Read More] 5 Top Penny Stocks Insiders Decided To Buy In June 2021 On June 17th Boxlight announced that Laurel School District in New Castle, PA has successfully incorporated its ProColor interactive panel displays in their classrooms. This technology will replace its current whiteboards with Boxlights displays.
“We wanted to infuse educational technology that allows our students to be active participants. The ProColor panel technology allows them to do just that.” While this may not seem like a big deal, it is a move in the right direction as far as adoption and commercialization efforts are concerned. Robert Lee, the Director of Administrative Services for the Laurel School District
On the day of this announcement, BOXL stock experienced a huge spike in morning trading which later resulted in a small correction. Just 5 days ago, BOXL stock was at $2.55 per share on average. Now on June 17th, BOXL stock is at $2.80 per share on average, representing some decent bullish price action. Considering the big moves made by the education industry to bring teaching into the 21st century, BOXL stock could be worth watching.
Penny_Stocks_to_Watch_Boxlight_Corporation_BOXL_Stock_Chart

Clearside Biomedical Inc. (NASDAQ: CLSD)

Clearside Biomedical Inc. is a biotech penny stock that develops and delivers treatments to restore and preserve vision. These are in use for patients with severe eye diseases. One of its products is CLS-AX which is an axitinib for suprachoroidal injection. This product is currently in Phase 1/2a clinical trial as of June. It also develops XIPERE which is a triamcinolone acetonide suprachoroidal injectable suspension to treat macular edema associated with uveitis, diabetic macular edema, and more. On June 15th, Clearside announced positive safety results from Cohort 1 of its OASIS Phase 1/2a clinical trial of CLS-AX for the treatment of wet AMD.
“The initial data from Cohort 1 clearly achieved our safety and tolerability endpoints. While still early and recognizing there are a limited number of patients, we believe the Cohort 1 data supports our hypothesis that the combination of targeted and compartmentalized suprachoroidal delivery and the potent pan-VEGF attributes of axitinib may facilitate an effective treatment option for patients suffering from wet AMD.” The Chief Medical Officer and Chief Development Officer for Clearside, Thomas A. Ciulla
Since the data was released, CLSD stock has gone from $3 a share on average to over $4.60 per share on average. At one point, CLSD stock price nearly reached $6 per share during its peak in the last 5 days. For a brief moment, this company was able to move beyond penny stock status, which is always an encouraging sign. On June 17th, the company’s stock price increased by another 13%, indicative once more of bullish price action. With all of this in mind, will you add CLSD stock to your list of penny stocks to watch?
Penny_Stocks_to_Watch_Clearside_Biomedical_Inc_CLSD_Stock_Chart

Uxin Limited (NASDAQ: UXIN)

Uxin Limited is a tech penny stock that is moving up alongside other similar companies today. It has a focus on the used car e-commerce market in China. The company offers the Uxin Used Car and Uxin Auction brands which have been very successful as the demand for used vehicles has risen substantially in the past year. Through these services, it provides used cars, evaluation of car conditions, and leasing and financing options, and more. It also facilitates used car transaction services from end to end. On June 15th, Uxin announced a financing transaction of up to $315 million. It has entered definitive agreements with NIO Capital and Joy Capital for the funds.
“We are very pleased and honored to be able to work together with William and Erhai again on our journey ahead. I would like to thank them and our shareholders for supporting Uxin’s strategic transformation and their continued trust in our team. The Company’s successes and challenges over the past decade have made us firmly believe that the way for us to successfully realize our goals and mission is to wholeheartedly create long-term value for our customers.” The Founder, Chairman, and CEO of Uxin Mr. Kun Dai
This is a substantial amount of capital and should allow UXIN to move forward on its plan of a car-ownership business model.In the last 6 months, the company’s stock price has gone from about $1 per share to more than $4 per share. At some points, it has even surpassed $5 per share. With all of this in mind, will you add UXIN to your penny stock watchlist this week?
Penny_Stocks_to_Watch_Uxin_Limited_(UXIN_Stock_Chart)

Which Penny Stocks Are You Watching?

Right now, there are plenty of events to take note of in the stock market. This includes everything from the pandemic to fears of long-term inflation. Because of the extraordinary world that we are living in, it is common to see penny stocks make big moves during intraday trading. [Read More] 4 Crypto Penny Stocks to Watch With Bitcoin Below $40k To stay on top, investors should continuously watch the news to remain informed about what events may impact the market. Additionally, having a trading education will always be a major benefit. And, as 2021 rolls on, which penny stocks are you watching? To view the other five penny stocks on this list, check out 5 Penny Stocks on Reddit For Your June 2021 Watchlist The post Top Reddit Penny Stocks To Buy Now? 10 To Watch As AMC Stock Climbs appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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International

Beloved mall retailer files Chapter 7 bankruptcy, will liquidate

The struggling chain has given up the fight and will close hundreds of stores around the world.

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It has been a brutal period for several popular retailers. The fallout from the covid pandemic and a challenging economic environment have pushed numerous chains into bankruptcy with Tuesday Morning, Christmas Tree Shops, and Bed Bath & Beyond all moving from Chapter 11 to Chapter 7 bankruptcy liquidation.

In all three of those cases, the companies faced clear financial pressures that led to inventory problems and vendors demanding faster, or even upfront payment. That creates a sort of inevitability.

Related: Beloved retailer finds life after bankruptcy, new famous owner

When a retailer faces financial pressure it sets off a cycle where vendors become wary of selling them items. That leads to barren shelves and no ability for the chain to sell its way out of its financial problems. 

Once that happens bankruptcy generally becomes the only option. Sometimes that means a Chapter 11 filing which gives the company a chance to negotiate with its creditors. In some cases, deals can be worked out where vendors extend longer terms or even forgive some debts, and banks offer an extension of loan terms.

In other cases, new funding can be secured which assuages vendor concerns or the company might be taken over by its vendors. Sometimes, as was the case with David's Bridal, a new owner steps in, adds new money, and makes deals with creditors in order to give the company a new lease on life.

It's rare that a retailer moves directly into Chapter 7 bankruptcy and decides to liquidate without trying to find a new source of funding.

Mall traffic has varied depending upon the type of mall.

Image source: Getty Images

The Body Shop has bad news for customers  

The Body Shop has been in a very public fight for survival. Fears began when the company closed half of its locations in the United Kingdom. That was followed by a bankruptcy-style filing in Canada and an abrupt closure of its U.S. stores on March 4.

"The Canadian subsidiary of the global beauty and cosmetics brand announced it has started restructuring proceedings by filing a Notice of Intention (NOI) to Make a Proposal pursuant to the Bankruptcy and Insolvency Act (Canada). In the same release, the company said that, as of March 1, 2024, The Body Shop US Limited has ceased operations," Chain Store Age reported.

A message on the company's U.S. website shared a simple message that does not appear to be the entire story.

"We're currently undergoing planned maintenance, but don't worry we're due to be back online soon."

That same message is still on the company's website, but a new filing makes it clear that the site is not down for maintenance, it's down for good.

The Body Shop files for Chapter 7 bankruptcy

While the future appeared bleak for The Body Shop, fans of the brand held out hope that a savior would step in. That's not going to be the case. 

The Body Shop filed for Chapter 7 bankruptcy in the United States.

"The US arm of the ethical cosmetics group has ceased trading at its 50 outlets. On Saturday (March 9), it filed for Chapter 7 insolvency, under which assets are sold off to clear debts, putting about 400 jobs at risk including those in a distribution center that still holds millions of dollars worth of stock," The Guardian reported.

After its closure in the United States, the survival of the brand remains very much in doubt. About half of the chain's stores in the United Kingdom remain open along with its Australian stores. 

The future of those stores remains very much in doubt and the chain has shared that it needs new funding in order for them to continue operating.

The Body Shop did not respond to a request for comment from TheStreet.   

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Government

Are Voters Recoiling Against Disorder?

Are Voters Recoiling Against Disorder?

Authored by Michael Barone via The Epoch Times (emphasis ours),

The headlines coming out of the Super…

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Are Voters Recoiling Against Disorder?

Authored by Michael Barone via The Epoch Times (emphasis ours),

The headlines coming out of the Super Tuesday primaries have got it right. Barring cataclysmic changes, Donald Trump and Joe Biden will be the Republican and Democratic nominees for president in 2024.

(Left) President Joe Biden delivers remarks on canceling student debt at Culver City Julian Dixon Library in Culver City, Calif., on Feb. 21, 2024. (Right) Republican presidential candidate and former U.S. President Donald Trump stands on stage during a campaign event at Big League Dreams Las Vegas in Las Vegas, Nev., on Jan. 27, 2024. (Mario Tama/Getty Images; David Becker/Getty Images)

With Nikki Haley’s withdrawal, there will be no more significantly contested primaries or caucuses—the earliest both parties’ races have been over since something like the current primary-dominated system was put in place in 1972.

The primary results have spotlighted some of both nominees’ weaknesses.

Donald Trump lost high-income, high-educated constituencies, including the entire metro area—aka the Swamp. Many but by no means all Haley votes there were cast by Biden Democrats. Mr. Trump can’t afford to lose too many of the others in target states like Pennsylvania and Michigan.

Majorities and large minorities of voters in overwhelmingly Latino counties in Texas’s Rio Grande Valley and some in Houston voted against Joe Biden, and even more against Senate nominee Rep. Colin Allred (D-Texas).

Returns from Hispanic precincts in New Hampshire and Massachusetts show the same thing. Mr. Biden can’t afford to lose too many Latino votes in target states like Arizona and Georgia.

When Mr. Trump rode down that escalator in 2015, commentators assumed he’d repel Latinos. Instead, Latino voters nationally, and especially the closest eyewitnesses of Biden’s open-border policy, have been trending heavily Republican.

High-income liberal Democrats may sport lawn signs proclaiming, “In this house, we believe ... no human is illegal.” The logical consequence of that belief is an open border. But modest-income folks in border counties know that flows of illegal immigrants result in disorder, disease, and crime.

There is plenty of impatience with increased disorder in election returns below the presidential level. Consider Los Angeles County, America’s largest county, with nearly 10 million people, more people than 40 of the 50 states. It voted 71 percent for Mr. Biden in 2020.

Current returns show county District Attorney George Gascon winning only 21 percent of the vote in the nonpartisan primary. He’ll apparently face Republican Nathan Hochman, a critic of his liberal policies, in November.

Gascon, elected after the May 2020 death of counterfeit-passing suspect George Floyd in Minneapolis, is one of many county prosecutors supported by billionaire George Soros. His policies include not charging juveniles as adults, not seeking higher penalties for gang membership or use of firearms, and bringing fewer misdemeanor cases.

The predictable result has been increased car thefts, burglaries, and personal robberies. Some 120 assistant district attorneys have left the office, and there’s a backlog of 10,000 unprosecuted cases.

More than a dozen other Soros-backed and similarly liberal prosecutors have faced strong opposition or have left office.

St. Louis prosecutor Kim Gardner resigned last May amid lawsuits seeking her removal, Milwaukee’s John Chisholm retired in January, and Baltimore’s Marilyn Mosby was defeated in July 2022 and convicted of perjury in September 2023. Last November, Loudoun County, Virginia, voters (62 percent Biden) ousted liberal Buta Biberaj, who declined to prosecute a transgender student for assault, and in June 2022 voters in San Francisco (85 percent Biden) recalled famed radical Chesa Boudin.

Similarly, this Tuesday, voters in San Francisco passed ballot measures strengthening police powers and requiring treatment of drug-addicted welfare recipients.

In retrospect, it appears the Floyd video, appearing after three months of COVID-19 confinement, sparked a frenzied, even crazed reaction, especially among the highly educated and articulate. One fatal incident was seen as proof that America’s “systemic racism” was worse than ever and that police forces should be defunded and perhaps abolished.

2020 was “the year America went crazy,” I wrote in January 2021, a year in which police funding was actually cut by Democrats in New York, Los Angeles, San Francisco, Seattle, and Denver. A year in which young New York Times (NYT) staffers claimed they were endangered by the publication of Sen. Tom Cotton’s (R-Ark.) opinion article advocating calling in military forces if necessary to stop rioting, as had been done in Detroit in 1967 and Los Angeles in 1992. A craven NYT publisher even fired the editorial page editor for running the article.

Evidence of visible and tangible discontent with increasing violence and its consequences—barren and locked shelves in Manhattan chain drugstores, skyrocketing carjackings in Washington, D.C.—is as unmistakable in polls and election results as it is in daily life in large metropolitan areas. Maybe 2024 will turn out to be the year even liberal America stopped acting crazy.

Chaos and disorder work against incumbents, as they did in 1968 when Democrats saw their party’s popular vote fall from 61 percent to 43 percent.

Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge.

Tyler Durden Sat, 03/09/2024 - 23:20

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Government

Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

The…

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Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

The U.S. Department of Veterans Affairs (VA) reviewed no data when deciding in 2023 to keep its COVID-19 vaccine mandate in place.

Doses of a COVID-19 vaccine in Washington in a file image. (Jacquelyn Martin/Pool/AFP via Getty Images)

VA Secretary Denis McDonough said on May 1, 2023, that the end of many other federal mandates “will not impact current policies at the Department of Veterans Affairs.”

He said the mandate was remaining for VA health care personnel “to ensure the safety of veterans and our colleagues.”

Mr. McDonough did not cite any studies or other data. A VA spokesperson declined to provide any data that was reviewed when deciding not to rescind the mandate. The Epoch Times submitted a Freedom of Information Act for “all documents outlining which data was relied upon when establishing the mandate when deciding to keep the mandate in place.”

The agency searched for such data and did not find any.

The VA does not even attempt to justify its policies with science, because it can’t,” Leslie Manookian, president and founder of the Health Freedom Defense Fund, told The Epoch Times.

“The VA just trusts that the process and cost of challenging its unfounded policies is so onerous, most people are dissuaded from even trying,” she added.

The VA’s mandate remains in place to this day.

The VA’s website claims that vaccines “help protect you from getting severe illness” and “offer good protection against most COVID-19 variants,” pointing in part to observational data from the U.S. Centers for Disease Control and Prevention (CDC) that estimate the vaccines provide poor protection against symptomatic infection and transient shielding against hospitalization.

There have also been increasing concerns among outside scientists about confirmed side effects like heart inflammation—the VA hid a safety signal it detected for the inflammation—and possible side effects such as tinnitus, which shift the benefit-risk calculus.

President Joe Biden imposed a slate of COVID-19 vaccine mandates in 2021. The VA was the first federal agency to implement a mandate.

President Biden rescinded the mandates in May 2023, citing a drop in COVID-19 cases and hospitalizations. His administration maintains the choice to require vaccines was the right one and saved lives.

“Our administration’s vaccination requirements helped ensure the safety of workers in critical workforces including those in the healthcare and education sectors, protecting themselves and the populations they serve, and strengthening their ability to provide services without disruptions to operations,” the White House said.

Some experts said requiring vaccination meant many younger people were forced to get a vaccine despite the risks potentially outweighing the benefits, leaving fewer doses for older adults.

By mandating the vaccines to younger people and those with natural immunity from having had COVID, older people in the U.S. and other countries did not have access to them, and many people might have died because of that,” Martin Kulldorff, a professor of medicine on leave from Harvard Medical School, told The Epoch Times previously.

The VA was one of just a handful of agencies to keep its mandate in place following the removal of many federal mandates.

“At this time, the vaccine requirement will remain in effect for VA health care personnel, including VA psychologists, pharmacists, social workers, nursing assistants, physical therapists, respiratory therapists, peer specialists, medical support assistants, engineers, housekeepers, and other clinical, administrative, and infrastructure support employees,” Mr. McDonough wrote to VA employees at the time.

This also includes VA volunteers and contractors. Effectively, this means that any Veterans Health Administration (VHA) employee, volunteer, or contractor who works in VHA facilities, visits VHA facilities, or provides direct care to those we serve will still be subject to the vaccine requirement at this time,” he said. “We continue to monitor and discuss this requirement, and we will provide more information about the vaccination requirements for VA health care employees soon. As always, we will process requests for vaccination exceptions in accordance with applicable laws, regulations, and policies.”

The version of the shots cleared in the fall of 2022, and available through the fall of 2023, did not have any clinical trial data supporting them.

A new version was approved in the fall of 2023 because there were indications that the shots not only offered temporary protection but also that the level of protection was lower than what was observed during earlier stages of the pandemic.

Ms. Manookian, whose group has challenged several of the federal mandates, said that the mandate “illustrates the dangers of the administrative state and how these federal agencies have become a law unto themselves.”

Tyler Durden Sat, 03/09/2024 - 22:10

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