With that in mind, let’s take a look at what you need to know about trading penny stocks today.
During premarket, contracts for several benchmarks were trading mostly flat following a less than stellar day of trading on February 7th.
As mentioned earlier, the biggest factors impacting the stock market right now are corporate earnings, inflation, and of course, the eventual interest rate rises we may see as soon as next month.
By early morning, shares of AREB shot up by over 48%, which is quite substantial.
After dropping by more than 40% only a day ago, today’s gain is likely a bullish reversal for the newcomer on the scene.
Another big premarket gainer is EYES stock, which shot up by over 12% during trading today.
On February 7th, the company stated that it had signed into a merger agreement with Nano Precision to create a new therapeutic implant-focused company.
While this may seem like a sizable gain, in the past month, shares of SBEV have exploded by a staggering 301%.
With so much going on in the stock market right now, it can seem difficult to find the best penny stocks for your watchlist.