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3 Penny Stocks To Watch On Monday $IDSA $NVAX $GPRO

Over the years, penny stocks often go on to create a lot of wealth for investors. Therefore, it’s not a surprise that there is a lot of interest in these micro caps and small-cap companies. While it is true that the possibility of making hefty gains from stocks trading at under $5 is an exciting one, it may not always work out that way.

Penny stocks can drop drastically as well. So, it’s important for any investor to first conduct due research before making the decision to buy penny stocks. Keeping a close watch on the market and watching the latest price movements is also a sound strategy.

Also, you have to take into account certain sector moves too. Right now biotech and tech penny stocks have started to see more attention. On that note, here is a look at three penny stocks to watch on Monday.

Penny Stocks To Watch #1  Novavax (NVAX)

One penny stock has gone on an incredibly impressive run this month was Novavax, Inc. (NVAX Stock Report). This biotechnology penny stock has officially left the penny stocks definition levels, now soaring over $8 a share. The stock rose by over 100% during the course of the week. On Friday morning, it rose by 10.65% alone. The company’s shares have been on fire ever since it released highly positive information from a clinical study of its product ResVax.

 penny stocks to watch NVAX
And when you talk about biotech stocks, penny stock news can act as a dramatic catalyst. Keep in mind that just because a company puts out an announcement, the company’s shares take off. Good news can help, but bad news can also impact a penny stock to the downside. But in this case, it has been very favorable.
ResVax is a vaccine, which is supposed to make people immune from the respiratory syncytial virus. It goes without saying that it’s a massive development for the company. If the vaccine manages to go through the next stages, then it could prove to be a huge development for Novavax. Could this soon become a penny stock to buy before the end of the month?

Penny Stocks To Watch #2: GoPro (GPRO)

One of the more surprising developments over the past week was the performance of the GoPro (GPRO Stock Report) stock. The tech company’s shares declined despite the fact that the company had delivered a decent performance in Q2 2019. There was noticeable revenue growth. In addition to that, GoPro also announced a profit for the quarter. When it comes to certain tech penny stocks, it isn’t unlikely to see a loss versus a profit.

GPRO stock
Yet, investors were having none of it. It could be due to the fact that those figures had not met analysts’ estimates. In this regard, the company has reassured shareholders and the wider market by stating that the second half of the year is going to generate significant growth for the company. This obviously is yet to be seen but will be closely monitored during the next quarter. GoPro stock performance, in addition to the comments from management, could show that the company may not be in as bad of a position as the market think.

Penny Stocks To Watch #3: Industrial Services of America, Inc. (IDSA)

Last on the list comes after being halting pending news for most of the early morning session. Industrial Services of America, Inc. (IDSA Stock Report) came out with impactful news that it entered an agreement to sell all of its assets to a company called River Metals Recycling. River Metals is a subsidiary of The David J. Joseph Company. Furthermore, the deal is no small sum. The deal is for a purchase price of $23.3 million. On top of that, the net proceeds will be distributed to shareholders at an estimated price per share between $1.15 and $1.35.
Though shares gapped up considerably at the open, early trading appears to be on shaky footing. After opening at $1.05, IDSA stock has steadily continued lower. What’s an interesting part of the deal is that River states that it intends to hire all of IDSA’s employees after closing. Considering the market right now, it’s up in the air as to whether the confirmed move for this stock will signal it a penny stock to buy or a penny stock to avoid on Monday.

IDSA stock
Needless to say, Todd Phillips, the Company’s CEO, stated: “ISA has a long and proud history, dating back to its founding by Harry Kletter in the mid-1950s. I’m excited that the ISA legacy will live on within River Metals and The David J. Joseph Company.”
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* This article was originally published here

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