Buy Penny Stocks this week? What do you want to know
What You Need to Know About Buying Penny Stocks This Week
If you’re looking to make money in the stock market, there’s no better time to start trading penny stocks. Now, it’s important to consider that we’ve seen an incredible amount of volatility in the stock market over the past few weeks. But despite this, there are plenty of reasons to believe that penny stocks are a good investment right now.
[Read More] Stock market this week: what to watch 3/10-7/10
For starters, penny stocks tend to be much cheaper than other types of stocks. This means that they offer an excellent opportunity to enter a business that could have great potential. Additionally, penny stocks tend to be much more volatile than other types of stocks. This means that they offer the possibility of quick and profitable earnings.
Finally, there are a number of online resources available that can help you research penny stocks and find the best ones to trade. So if you are looking for a way to make money in the stock market, don’t overlook penny stocks. With that in mind, let’s take a look at what happened in the stock market on September 30.
What happened on the stock market on September 30?
On September 30, penny stocks and blue chips took another major plunge. This results in a loss for the whole week, with the S&P 500 falling 1.5% alongside the Dow Jones dropping around 500 points. Over the past three quarters, the NASDAQ and S&P 500 have recorded losing streaks for the first time in more than a decade.
And as a result, many investors are scrambling to find both penny stocks and blue chips that might be worth buying. Although this is a challenge, as there are many low priced penny stocks, there are plenty of options for traders of all types. With that considered, let’s take a look at three penny stocks to watch right now.
3 Penny Stocks to Watch Right Now
- Ainos Inc. (NASDAQ: AIMD)
- Alset Ehome International Inc. (NASDAQ: AEI)
- Scisparc Ltd. (NASDAQ: SPRC)
Ainos Inc. (NASDAQ: AIMD)
One of the biggest winners on Friday, September 30 was AIMD stock. By EOD, shares had climbed 35% to over $1.89 per share. The main reason for the gain comes as the company announced more positive results from its preclinical study of low-dose interferon against the Omicron variant of Covid.
[Read More] Top Tips for Investing in Penny Stocks in October
With this, investors are excited about the potential future of the company. Now, it’s hard to say how long it will take to market. But, in the meantime, there’s no doubt that it’s an exciting prospect. With all of this in mind, do you think AIMD stocks are worth adding to your list of penny stocks to watch or not?
Alset Ehome International Inc. (NASDAQ: AEI)
Another penny stock that managed to climb on Friday was the AEI stock. By late Friday, we saw stocks rise over 30%, which is pretty substantial. While it’s hard to say why AEI’s stock is climbing, there are a few things we can speculate on.
For one, AEI is often discussed on Reddit. This means that it can go up in value or fall simply because of online discussions. And while that makes it hard to justify buying AEI stock, it does show that its volatility might be worth considering for some. Besides that, the company hasn’t released any news lately. So if you’re looking for a volatile penny stock to watch, AEI could be a worthwhile addition to your penny stock watchlist.
Scisparc Ltd. (NASDAQ: SPRC)
With over 8.5% gains at the end of the week, SPRC is another penny stock many investors are watching right now. Over the past month, SPRC shares have jumped more than 18%, which is no small feat. And to understand that, we need to take a closer look at recent company news or announcements.
The biggest news came on September 30 when it announced the completion of its acquisition of Wellution. Welllution is one of America’s top sellers of dietary supplements and cosmetics on Amazon, and the deal is worth $20 million. With this, he should be able to break into this industry further. Considering that, is SPRC on your shopping list this week or not?
Which Penny Stocks are on your watch list today?
To conclude, penny stocks are a high risk investment, but they can also be a high return investment. If you do your research and are comfortable with the risks, penny stocks may be worth considering as part of your investment portfolio.
[Read More] New to Penny Stocks trading? The beginner should know
However, if you are not comfortable with the risks or don’t have the time to do the necessary research, then penny stocks may not be for you. Ultimately, only you can decide whether or not penny stocks are worth investing in. Considering this, which penny stocks are on your watch list for this week?