Jun 09, 2022 (Penny Stocks via COMTEX) -- 3 Hot Penny Stocks to Watch in Mid-June 2022
With so much going on in the stock market right now, finding penny stocks to buy can be difficult. But if you know where to look and what to look for, you can find some high-quality penny stocks that are worth your investment. For that reason, let's take a look at a few tips that investors should use when considering trading penny stocks.
For one, always make sure to do your research. This means reading up on the company, its financial history, and any news that might be affecting the stock. Remember, just because a stock is cheap doesn't mean it's a good investment. Rather, you need to make sure you know what you're buying before you invest any money.
The next step is having a trading strategy. This is crucial as buying and selling penny stocks greatly depends on your individual investing style. While this often gets overlooked, it's important to remember that penny stocks are just like any other stocks - but they can go up or down in value more rapidly than blue chips. For that reason, you need to be prepared for both eventualities.
At the end of the day, buying and selling penny stocks is all about knowing what type of trader you are and using that to your advantage. So, with all of this in mind, let's take a look at three hot penny stocks to watch right now.
3 Hot Penny Stocks to Add to Your Watchlist Right Now
Ibio Inc. ( NYSE: IBIO )
Sos Ltd. ( NYSE: SOS )
Sonnet Biotherapeutics Holdings Inc. ( NASDAQ: SONN )
Ibio Inc. /zigman2/quotes/207088894/composite IBIO +0.18%
One of the larger gainers of the day on June 9th is IBIO stock. At EOD, shares of IBIO had shot up by over 8%. And during after hours trading, we saw shares of IBIO stock climb by another 2.5%. So, why is IBIO stock climbing right now?
Well, it is tough to say as the company has not released any news today or in the past few weeks. The latest came from the company when it presented at the HC Wainwright Global Investment Conference at the end of May. But since then, it has been mostly quiet. Prior to this, it did release its Q3 2022 financial results as well as a corporate update.
So, with all of this in mind, do you think that IBIO stock is worth adding to your list of penny stocks to watch or not?
Sos Ltd. /zigman2/quotes/202902836/composite SOS +2.95%
Another decent gainer on June 9th is SOS stock. At EOD, shares of SOS stock had shot up by more than 5.9% with a 2% after-hours gain respectively. And, this comes after a six month drop of more than 60%, which is quite substantial.
[Read More] 3 Penny Stocks, Are They Worth Buying Right Now?
So, why the big gain for SOS stock right now? Well, the latest news from the company came a few weeks ago when it announced the launch of a Super-Computer and Hosting Center in Wisconsin. The company has already signed several agreements for this facility, and it will manage over 21,000 mining rigs.