Because penny stocks are so speculative, they tend to react heavily to any and all news that comes out.
During morning trading on February 16th, stock futures were down slightly as tensions in Ukraine continue to cause upsets.
The current consensus puts it at a YoY rise of around 2% which would be a large jump over December.
And, if they are positive, it could help to curb fears surrounding the near term future of the economy.
While we do see large gains like this without news, Hookipa made an exciting announcement at the end of the day on Tuesday, February 15th.
It stated that it has amended its collaboration and license agreement with Gilead to develop immunotherapies for HIV.
While this may seem like a lot, in the past five days, shares of TISI have shot up by almost 90%.
On the 11th, the company stated that it has replaced its $150 million ABL facility with a new $165 million ABL credit facility.
In the past five days, shares of BBIG stock have shot up by over 16%, which is no small feat.
If you’re looking for penny stocks to buy, there are hundreds of options to choose from.