As a result, the tech heavy NASDAQ, dropped by over 3.7% with the S&P 500 dropping by around 2.4%.
Now, Facebook cited Apple’s updated privacy policies as the reason behind its dismal balance sheet update.
Today, we witnessed stock futures fall again despite a surge in jobs in January as well as an increase in bond yields.
So, while there is a lot of uncertainty for both penny stocks and blue chips moving forward, there is also a lot to be excited about.
It stated that it will grow its Bitcoin mining capacity to 32 exahash by purchasing an additional 60,000 Bitcoin mining machines.
Additionally, it will pay with an option to utilize around $1.1 billion in vendor purchasing financing as well as $185 million in milestone payments.
The reason for this gain comes as the company reached an agreement with the National Health Service that would allow children with metachromatic leukodystrophy, the access to its Libmeldy product in England and Whales.
So, why are shares of SLI stock climbing right now? The main news comes as SLI stock dropped by around 17% only a day ago following a report from Hindenburg Research.
So, needless to say, the press was not a positive for the company and resulted in a major drop in value.
With such a wide variety of penny stocks to choose from, investors need to be picky with the ones on their lists.