Connect with us

Top 9 Penny Stocks With High Volume to Watch Right Now

Are these 9 penny stocks on your Summer watchlist right now?
The post Top 9 Penny Stocks With High Volume to Watch Right Now appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Published

on

Are These Penny Stocks Worth Buying?

With July only a week or so away, investors are searching for the best penny stocks to buy. Usually, we witness what is known as a ‘Summer Slump’. This is during the Summer when volume is typically low among both penny stocks and blue chips, and prices are moving mostly sideways. However, right now due to the influx of retail traders, we are witnessing the opposite.

[Read More] Best Penny Stocks To Buy Now? 7 To Watch This Week

While trading is still occurring mostly sideways, the overall market is showing higher volume than usual. This could be due to excitement surrounding a post-pandemic economy. And with case numbers lower than they have been in months, this could be a reality in the near future. A lot depends on what happens in the next few months.

But, with the economy showing signs of positivity, we could see the market move in a positive direction. This list is a continuation of the article ‘Best Penny Stocks To Buy? 4 to Watch With High Volume Right Now’. With that in mind, let’s take a look at the next five penny stocks to watch.

5 More High Volume Penny Stocks to Watch

  1. Vinco Ventures Inc. (NASDAQ: BBIG)
  2. Globalstar Inc. (NYSE: GSAT)
  3. McEwen Mining Inc. (NYSE: MUX)
  4. Iterum Therapeutics Plc. (NASDAQ: ITRM)
  5. Humbl Inc. (OTC: HMBL)

5. Vinco Ventures Inc. (NASDAQ: BBIG)

Vinco Ventures Inc. is a company we’ve mentioned frequently due to its upticks in the market. BBIG is a consumer product company based in North America. The company develops, sells, distributes, and manufactures toys, plush, homeware, and electronic products. It also sells personal protective equipment to governmental agencies, hospitals, and distributors. So what has contributed to BBIG stock going up recently?

Vinco’s last update was on May 28th, when the company provided an update on Lomotif and ZASH Global Media and Entertainment. Vinco and ZASH intended to acquire Lomotif through their joint venture ZVV Media Partners LLC. Now, the companies have completed an amended and restated LLC agreement in preparation for the acquisition. The final agreement and plan of merger are expected to be signed on or before June 24th, which is coming up quickly.

A few days before that update, the company released its financial results for the three months ending March 31st, 2021. In this time period, the company’s revenue went up by 31.32% year over year. In the last month, BBIG stock has gone from about $2.60 per share to more than $4 per share. With this in mind, will it make your list of penny stocks to watch this month?

Globalstar Inc. (NYSE: GSAT)

Globalstar Inc. is another penny stock that we have frequently mentioned on this site due to its market momentum. This is a company that provides mobile satellite services all over the world. Its two-way voice and data products include satellite communication services and equipment for remote business continuity, recreational use, safety, and more. Its SPOT satellite GPS messenger is used for personal tracking, emergency location, and messaging. It also has the SPOT Trace anti-theft and asset tracking device.

[Read More] 10 Top Penny Stocks On Robinhood To Watch Right Now Before July 2021

Globalstar has not released any super recent company-specific news that would cause its stock price to go up. But if you look at its charts throughout 2021, GSAT has had its fair share of positive momentum. There are a lot of investors that have faith in GSAT stock in 2021. This is proven by the very active r/GSAT subreddit page where people discuss the stock and the company.

Just 6 months ago this penny stock was worth about $0.33 per share. Now in mid-June, GSAT stock is worth about $1.30 per share on average. Keeping this information in mind, will GSAT stock make your watchlist today?

Penny_Stocks_to_Watch_Globalstar_Inc._(GSAT_Stock_Chart)

McEwen Mining Inc. (NYSE: MUX)

McEwen Mining Inc. is a mining penny stock that explores for, develops, produces, and sells different resources. These resources include but are not limited to silver, gold, and copper. It owns 100% interest in the El Gallo project, Fenix project, Black Fox mine, and plenty more. It operates properties in Mexico, Canada, Argentina, and the United States.

MUX stock will often move with the price of gold, silver, and copper themselves due to its role in the industry. So when one or multiple of these metals are moving upwards, MUX stock has the potential to do the same. This has been great for the company in the last year and a half after the pandemic boosted the prices of precious metals in the market. Back in early May, the company reported positive exploration and delineation results. That is the latest update that has come from McEwen Mining.

When investing in the mining sector, sometimes industry news is king. Things like shortages, surplus, inflation, demand, and news are all impacting factors on mining penny stocks. One year ago, MUX stock was worth under $1 per share. At this point in 2021, MUX stock has reached the price point of $1.47 per share on average. So will MUX make your list of penny stocks to watch in 2021?

Penny_Stocks_to_Watch_McEwen_Mining_Inc._(MUX_Stock_Chart)

Iterum Therapeutics plc (NASDAQ: ITRM)

Biotech penny stocks have been performing extremely well in the market lately, and Iterum Therapeutics Plc is a prime example of this. This is a clinical-stage biotech corporation that develops anti-infectives for multi-drug-resistant pathogens. Currently, Iterum is working on sulopenem which is an anti-infective compound with oral and IV formulations. Sulopenem is in Phase III clinical trials to treat UTIs and intra-abdominal infections.

[Read More] Top Reddit Penny Stocks To Buy Now? 10 To Watch As AMC Stock Climbs

At the end of May, Iterum provided an update on its New Drug Application with the U.S. Food and Drug Administration. Currently, the NDA is still under review by the FDA, and the PDUFA goal date is July 25th, 2021. Since the application review for Sulopenem is on track at the moment, ITRM stock is performing well as a result. ITRM stock price has nearly doubled in the last month.

“We continue to prepare for a U.S. Food and Drug Administration (FDA) advisory committee meeting and look forward to clarity from the FDA on timing.

In the meantime, the FDA continues its review of our new drug application (NDA) for oral sulopenem for the treatment of uncomplicated urinary tract infections (uUTI) in patients with a quinolone non-susceptible organism and has not advised us of any change to the current PDUFA goal date of July 25, 2021.”

The CEO of Iterum, Corey Fishman

With this info to note, is ITRM on your biotech penny stock watchlist?

Penny_Stocks_to_Watch_Iterum_Therapeutics_plc_ITRM_Stock_Chart

HUMBL Inc. (OTC: HMBL)

HUMBL Inc. is a tech penny stock that operates a digital money network. Its service HUMBLPAY connects consumers and merchants in the digital economy, allowing them to pay and share. The HUMBLMARKETPLACE connects customers and merchants online via merchant shops, deal listings, affiliate programs, and more. It also has HUMBLFINANCIAL, which provides digital asset investment services.

On June 4th, HUMBL made a new announcement. The company completed its acquisition of a leading Latin-focused ticketing platform, Tickeri Inc. HUMBL purchased the company for $20 million total and will work to deliver ticketing, peer-to-peer remittances, and mobile payment services.

“There is an exciting convergence underway across mobile pay, ticketing, and NFTs on the blockchain. Tickeri has created an outstanding technology platform and loyal audience with whom we are excited to grow together as brands.”

The CEO of HUMBL, Brian Foote

The last month has been a great one for HMBL investors. One month ago, HMBL stock was valued at $0.90 per share on average. Now as of June 18th, HMBL stock price is at $1.29 per share on average. At one point in June HMBL stock even surpassed $1.70 per share. So with all of this information in mind, is this tech penny stock a contender for your watchlist?

Penny_Stocks_to_Watch_HUMBL_Inc._(HMBL_Stock_Chart)

Which Penny Stocks Are You Watching?

Finding the best penny stocks to watch is all about understanding how the market moves. While prices can change quickly, keeping up to date with all the latest news and market events will give you the best chance at profitability.

[Read More] Hot Penny Stocks to Buy Under $5? 3 You Might Not Have Heard Of

To read about the other four penny stocks on this list, head to Best Penny Stocks To Buy? 4 to Watch With High Volume Right Now. So, which penny stocks are you watching right now?

The post Top 9 Penny Stocks With High Volume to Watch Right Now appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Read More

Continue Reading

Uncategorized

Homes listed for sale in early June sell for $7,700 more

New Zillow research suggests the spring home shopping season may see a second wave this summer if mortgage rates fall
The post Homes listed for sale in…

Published

on

  • A Zillow analysis of 2023 home sales finds homes listed in the first two weeks of June sold for 2.3% more. 
  • The best time to list a home for sale is a month later than it was in 2019, likely driven by mortgage rates.
  • The best time to list can be as early as the second half of February in San Francisco, and as late as the first half of July in New York and Philadelphia. 

Spring home sellers looking to maximize their sale price may want to wait it out and list their home for sale in the first half of June. A new Zillow® analysis of 2023 sales found that homes listed in the first two weeks of June sold for 2.3% more, a $7,700 boost on a typical U.S. home.  

The best time to list consistently had been early May in the years leading up to the pandemic. The shift to June suggests mortgage rates are strongly influencing demand on top of the usual seasonality that brings buyers to the market in the spring. This home-shopping season is poised to follow a similar pattern as that in 2023, with the potential for a second wave if the Federal Reserve lowers interest rates midyear or later. 

The 2.3% sale price premium registered last June followed the first spring in more than 15 years with mortgage rates over 6% on a 30-year fixed-rate loan. The high rates put home buyers on the back foot, and as rates continued upward through May, they were still reassessing and less likely to bid boldly. In June, however, rates pulled back a little from 6.79% to 6.67%, which likely presented an opportunity for determined buyers heading into summer. More buyers understood their market position and could afford to transact, boosting competition and sale prices.

The old logic was that sellers could earn a premium by listing in late spring, when search activity hit its peak. Now, with persistently low inventory, mortgage rate fluctuations make their own seasonality. First-time home buyers who are on the edge of qualifying for a home loan may dip in and out of the market, depending on what’s happening with rates. It is almost certain the Federal Reserve will push back any interest-rate cuts to mid-2024 at the earliest. If mortgage rates follow, that could bring another surge of buyers later this year.

Mortgage rates have been impacting affordability and sale prices since they began rising rapidly two years ago. In 2022, sellers nationwide saw the highest sale premium when they listed their home in late March, right before rates barreled past 5% and continued climbing. 

Zillow’s research finds the best time to list can vary widely by metropolitan area. In 2023, it was as early as the second half of February in San Francisco, and as late as the first half of July in New York. Thirty of the top 35 largest metro areas saw for-sale listings command the highest sale prices between May and early July last year. 

Zillow also found a wide range in the sale price premiums associated with homes listed during those peak periods. At the hottest time of the year in San Jose, homes sold for 5.5% more, a $88,000 boost on a typical home. Meanwhile, homes in San Antonio sold for 1.9% more during that same time period.  

 

Metropolitan Area Best Time to List Price Premium Dollar Boost
United States First half of June 2.3% $7,700
New York, NY First half of July 2.4% $15,500
Los Angeles, CA First half of May 4.1% $39,300
Chicago, IL First half of June 2.8% $8,800
Dallas, TX First half of June 2.5% $9,200
Houston, TX Second half of April 2.0% $6,200
Washington, DC Second half of June 2.2% $12,700
Philadelphia, PA First half of July 2.4% $8,200
Miami, FL First half of June 2.3% $12,900
Atlanta, GA Second half of June 2.3% $8,700
Boston, MA Second half of May 3.5% $23,600
Phoenix, AZ First half of June 3.2% $14,700
San Francisco, CA Second half of February 4.2% $50,300
Riverside, CA First half of May 2.7% $15,600
Detroit, MI First half of July 3.3% $7,900
Seattle, WA First half of June 4.3% $31,500
Minneapolis, MN Second half of May 3.7% $13,400
San Diego, CA Second half of April 3.1% $29,600
Tampa, FL Second half of June 2.1% $8,000
Denver, CO Second half of May 2.9% $16,900
Baltimore, MD First half of July 2.2% $8,200
St. Louis, MO First half of June 2.9% $7,000
Orlando, FL First half of June 2.2% $8,700
Charlotte, NC Second half of May 3.0% $11,000
San Antonio, TX First half of June 1.9% $5,400
Portland, OR Second half of April 2.6% $14,300
Sacramento, CA First half of June 3.2% $17,900
Pittsburgh, PA Second half of June 2.3% $4,700
Cincinnati, OH Second half of April 2.7% $7,500
Austin, TX Second half of May 2.8% $12,600
Las Vegas, NV First half of June 3.4% $14,600
Kansas City, MO Second half of May 2.5% $7,300
Columbus, OH Second half of June 3.3% $10,400
Indianapolis, IN First half of July 3.0% $8,100
Cleveland, OH First half of July  3.4% $7,400
San Jose, CA First half of June 5.5% $88,400

 

The post Homes listed for sale in early June sell for $7,700 more appeared first on Zillow Research.

Read More

Continue Reading

Government

Survey Shows Declining Concerns Among Americans About COVID-19

Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat"…

Published

on

Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat" to the health of the US population - a sharp decline from a high of 67% in July 2020.

(SARMDY/Shutterstock)

What's more, the Pew Research Center survey conducted from Feb. 7 to Feb. 11 showed that just 10% of Americans are concerned that they will  catch the disease and require hospitalization.

"This data represents a low ebb of public concern about the virus that reached its height in the summer and fall of 2020, when as many as two-thirds of Americans viewed COVID-19 as a major threat to public health," reads the report, which was published March 7.

According to the survey, half of the participants understand the significance of researchers and healthcare providers in understanding and treating long COVID - however 27% of participants consider this issue less important, while 22% of Americans are unaware of long COVID.

What's more, while Democrats were far more worried than Republicans in the past, that gap has narrowed significantly.

"In the pandemic’s first year, Democrats were routinely about 40 points more likely than Republicans to view the coronavirus as a major threat to the health of the U.S. population. This gap has waned as overall levels of concern have fallen," reads the report.

More via the Epoch Times;

The survey found that three in ten Democrats under 50 have received an updated COVID-19 vaccine, compared with 66 percent of Democrats ages 65 and older.

Moreover, 66 percent of Democrats ages 65 and older have received the updated COVID-19 vaccine, while only 24 percent of Republicans ages 65 and older have done so.

“This 42-point partisan gap is much wider now than at other points since the start of the outbreak. For instance, in August 2021, 93 percent of older Democrats and 78 percent of older Republicans said they had received all the shots needed to be fully vaccinated (a 15-point gap),” it noted.

COVID-19 No Longer an Emergency

The U.S. Centers for Disease Control and Prevention (CDC) recently issued its updated recommendations for the virus, which no longer require people to stay home for five days after testing positive for COVID-19.

The updated guidance recommends that people who contracted a respiratory virus stay home, and they can resume normal activities when their symptoms improve overall and their fever subsides for 24 hours without medication.

“We still must use the commonsense solutions we know work to protect ourselves and others from serious illness from respiratory viruses, this includes vaccination, treatment, and staying home when we get sick,” CDC director Dr. Mandy Cohen said in a statement.

The CDC said that while the virus remains a threat, it is now less likely to cause severe illness because of widespread immunity and improved tools to prevent and treat the disease.

Importantly, states and countries that have already adjusted recommended isolation times have not seen increased hospitalizations or deaths related to COVID-19,” it stated.

The federal government suspended its free at-home COVID-19 test program on March 8, according to a website set up by the government, following a decrease in COVID-19-related hospitalizations.

According to the CDC, hospitalization rates for COVID-19 and influenza diseases remain “elevated” but are decreasing in some parts of the United States.

Tyler Durden Sun, 03/10/2024 - 22:45

Read More

Continue Reading

Government

Rand Paul Teases Senate GOP Leader Run – Musk Says “I Would Support”

Rand Paul Teases Senate GOP Leader Run – Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump…

Published

on

Rand Paul Teases Senate GOP Leader Run - Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump into the race to become the next Senate GOP leader, and Elon Musk was quick to support the idea. Republicans must find a successor for periodically malfunctioning Mitch McConnell, who recently announced he'll step down in November, though intending to keep his Senate seat until his term ends in January 2027, when he'd be within weeks of turning 86. 

So far, the announced field consists of two quintessential establishment types: John Cornyn of Texas and John Thune of South Dakota. While John Barrasso's name had been thrown around as one of "The Three Johns" considered top contenders, the Wyoming senator on Tuesday said he'll instead seek the number two slot as party whip. 

Paul used X to tease his potential bid for the position which -- if the GOP takes back the upper chamber in November -- could graduate from Minority Leader to Majority Leader. He started by telling his 5.1 million followers he'd had lots of people asking him about his interest in running...

...then followed up with a poll in which he predictably annihilated Cornyn and Thune, taking a 96% share as of Friday night, with the other two below 2% each. 

Elon Musk was quick to back the idea of Paul as GOP leader, while daring Cornyn and Thune to follow Paul's lead by throwing their names out for consideration by the Twitter-verse X-verse. 

Paul has been a stalwart opponent of security-state mass surveillance, foreign interventionism -- to include shoveling billions of dollars into the proxy war in Ukraine -- and out-of-control spending in general. He demonstrated the latter passion on the Senate floor this week as he ridiculed the latest kick-the-can spending package:   

In February, Paul used Senate rules to force his colleagues into a grueling Super Bowl weekend of votes, as he worked to derail a $95 billion foreign aid bill. "I think we should stay here as long as it takes,” said Paul. “If it takes a week or a month, I’ll force them to stay here to discuss why they think the border of Ukraine is more important than the US border.”

Don't expect a Majority Leader Paul to ditch the filibuster -- he's been a hardy user of the legislative delay tactic. In 2013, he spoke for 13 hours to fight the nomination of John Brennan as CIA director. In 2015, he orated for 10-and-a-half-hours to oppose extension of the Patriot Act

Rand Paul amid his 10 1/2 hour filibuster in 2015

Among the general public, Paul is probably best known as Capitol Hill's chief tormentor of Dr. Anthony Fauci, who was director of the National Institute of Allergy and Infectious Disease during the Covid-19 pandemic. Paul says the evidence indicates the virus emerged from China's Wuhan Institute of Virology. He's accused Fauci and other members of the US government public health apparatus of evading questions about their funding of the Chinese lab's "gain of function" research, which takes natural viruses and morphs them into something more dangerous. Paul has pointedly said that Fauci committed perjury in congressional hearings and that he belongs in jail "without question."   

Musk is neither the only nor the first noteworthy figure to back Paul for party leader. Just hours after McConnell announced his upcoming step-down from leadership, independent 2024 presidential candidate Robert F. Kennedy, Jr voiced his support: 

In a testament to the extent to which the establishment recoils at the libertarian-minded Paul, mainstream media outlets -- which have been quick to report on other developments in the majority leader race -- pretended not to notice that Paul had signaled his interest in the job. More than 24 hours after Paul's test-the-waters tweet-fest began, not a single major outlet had brought it to the attention of their audience. 

That may be his strongest endorsement yet. 

Tyler Durden Sun, 03/10/2024 - 20:25

Read More

Continue Reading

Trending