Best Penny Stocks Today? 4 With Big News To Watch This Week

I’m sure if you’re on this site, you’re looking for info on the best penny stocks today. That means researching trends, analyzing data, and reading up on the latest news to formulate a thesis. In this article, we’ll do just that and break down some of the stocks with recent updates this week. Many of them have skyrocketed thanks to a mix of speculation and momentum. There may also be some underlying trends to consider when doing your research. At the end of the day, you can decide if any of these deserve a place on your list of penny stocks to watch this week.

Penny Stocks & News

Positive news can act as a catalyst, driving bullish investor interest, while negative news can cause a sharp decline in value. By staying up to date with the latest news, investors gain valuable insights into a company’s performance, industry trends, and growth potential. This information becomes instrumental in identifying penny stocks to watch.

It’s important to pay attention to corporate announcements, such as earnings reports, product launches, strategic partnerships, and contract wins. Positive developments in these areas can indicate potential growth and increased investor confidence. Additionally, monitoring industry news and trends matters as well.

News related to regulatory changes, technological breakthroughs, or shifts in consumer behavior can have a significant impact on stock prices within specific sectors. Moreover, understanding market sentiment is crucial. Economic reports, geopolitical events, or changes in monetary policy can create waves throughout the market, indirectly affecting penny stocks in different sectors.

Incorporating news into a research strategy requires proactive steps. Staying informed is key, and investors should utilize financial news websites, reputable investment publications, and reliable news sources to keep up to date with the latest market developments.

When a particular penny stock captures attention, digging deeper and exploring recent news articles, press releases, and company filings can provide valuable insights into how news events may impact the company’s fundamentals and growth prospects. Keep this in mind when researching some of the most active penny stocks today.

Penny Stocks To Watch

Celularity (CELU)

Cell therapy company Celularity has been on the radar over the last few sessions. The company reported preliminary results from its Phase 1 trial of CYNK-001. That is the company’s investigational unmodified natural killer (NK) cell therapy for treating relapse, refractory acute myeloid leukemia. The data gave insight into the development process used to guide the development of another NK cell candidate, CYNK-301.

– 4 Top Penny Stocks To Buy According To Insiders In May 2023

CELU Stock News

Shortly after the stock market closed on Friday, Celularity announced data in another Phase 1 study. This evaluated changes in gene and protein signatures related to reduced inflammation in Crohn’s disease patients using its APPL-01 platform. The data were presented at the American Society of Gene & Cell Therapy annual meeting.

Robert J. Hariri, M.D., Ph.D., Celularity’s CEO explained, “Celularity’s unique technology platform is grounded in our use of the post-partum placenta as the source of cells and biomaterials, enabling independent but complementary product opportunities in cellular and regenerative medicine. We’re moving forward with confidence to assess the potential immunomodulatory and pro-regenerative therapeutic benefits of MLASCs as we advance the development of therapeutic options for patients.”

Lucy Scientific Discovery (LSDI)

Another one of the biotech penny stocks to watch with news is Lucy Scientific. The company develops natural and synthetic psychedelic drugs. Lucy has explained previously that it looks to “enhance mental health outcomes” and well-being.

LSDI Stock News

This week Lucy Scientific announced new availability for one of its product lines. Its Mindful product is now available through numerous retail channels, including its online store and through the Hightimes . com website.

Nordic American Tankers (NAT)

Shipping stocks have remained a focus for retail traders and global economic uncertainty has become a hot topic this year. Nordic’s fleet consists of crude oil tankers. The state of the energy market right now has brought a bit more volatility to related stocks. In an update earlier this year, CEO Herbjorn Hansson explained why shippers could be in high demand:

“As a consequence of Russia’s invasion of Ukraine and the West’s strong reaction, energy security is of paramount concern.  Oil will have to be sourced from further away than in the past, creating longer voyages. Uncertain times also encourages hoarding among some buyers, adding to demand for oil and for the NAT tankers…I also see a longer-term trend, and that is the increased demand for oil, in particular from Asian economies.”

NAT Stock News

This week, Nordic American reported its first quarter 2023 earnings. It beat both earnings per share and sales estimates. In particular, management explained that this was “History in the making” after reporting a net profit of $46.9 million for the quarter. The previous quarter saw a net profit of $36 million and an EPS of $0.17. Meanwhile, Adjusted EBITDA for the quarter came in with a positive $67.7 million, compared to an adjusted EBITDA of $51.1 million in 4Q 2022.

Microbot Medical Inc. (MBOT)

Robotic surgery company, Microbot saw a massive jump in price on Monday. The company develops the LIBERTY surgical robotic system for single-use endovascular surgeries.

MBOT Stock News

This week MBOT stock shot up after the company announced that it achieved a 100% success rate for LIBERTY in a pre-clinical animal study. Microbot also announced a $1.4 million funding round at $2.20, which initially put a pause on the upsized move in the stock market today. Needless to say, the funds were earmarked for continued development, commercialization, and regulatory activities for LIBERTY.

List of Penny Stocks

• Celularity (NASDAQ: CELU)
• Lucy Scientific Discovery (NASDAQ: LSDI)
• Nordic American Tankers (NYSE: NAT)
• Microbot Medical Inc. (NASDAQ: MBOT)

The post Best Penny Stocks Today? 4 With Big News To Watch This Week appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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