Whether it deserves a spot on your watchlist, however, is up to you.Ĭitius Pharmaceuticals is another penny stock that is frequently talked about across social media. NFTs are not a here today, gone tomorrow trend, but rather represent the future of digital distribution and beyond.” Considering these two large advancements, (BBIG) continues to be a popular penny stock to watch. They treated it as a money grab instead of learning how best to utilize the technology. Tory Lanez states that “countless people have attempted to enter the NFT space after my success with the format, but didn’t understand what it was. This will be completed through Vinco’s subsidiary, Emmersive Entertainment. Only a few weeks before this, the company also announced its entrance into the NFT industry, with an exclusive release from the music artist Tory Lanez. This will be completed through Vinco and ZASH’s joint venture known as ZVV Media Partners. In recent news, Vinco Ventures has been working on a merger with its subsidiary ZASH Global Media and Lomotif Private Ltd. This involves finding undervalued media and media tech companies, where it can then scale up operations and grow the company overall. Its main strategy is what it called B.I.G. However, it mostly invests in the areas of digital media and content tech. It’s difficult to pinpoint just one industry that Vinco works in as its acquired companies are quite broad. Up by around 7% at midday on June 16th is a penny stock that we’ve discussed frequently in the past few months. Considering all of these events, here are three top penny stocks for your Summer 2021 watchlist.Ĭitius Pharmaceuticals Inc. For this reason, many investors are turning to reopening penny stocks as a way to play the mid-term in the market. While it’s difficult to say with certainty that Covid is almost over, declining case numbers globally mean that we could be near the end. Next, we have the pandemic and the massive vaccine efforts that are in play. So, keep this in mind when looking for penny stocks to watch. These four stocks have climbed substantially in the past six months, for the reason of them being well-known across Reddit, Twitter, and other social media websites. It’s worth noting that ORPH stock is highly volatile, and could be considered riskier than most. (NYSE: BB) and Orphazyme ADR (NASDAQ: ORPH). (NYSE: GME), and more recently, BlackBerry Ltd. This includes companies such as AMC Entertainment Holdings Inc. These are highly discussed companies on various social media. In the past few months, we’ve witnessed major movements with popular ‘meme stocks’ as they’re known. But, with so many traders on Robinhood, and those in communities on Reddit, we could see more volume than usual in the coming two to three months. This is the typical low volume and sideways movement pattern that we often see during the summer months. Looking at the impact of retail traders, many believe that we could completely skip the so-called ‘Summer slump’.
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