The appeal of trading penny stocks is how much money you can make in such a short span of time. Investors looking for penny stocks to buy should focus on those that are making solid moves. Here are a few across several sectors that made massive gains thanks to penny stock news:
ToughBuilt Industries Inc. (TBLT Stock Report) creates and sells tools
and accessories to others in the building industry. The company sells nearly
everything ranging from belts to kneepads. ToughBuild earlier announced that it
is launching products with Home Depot Canada.
As a result, the stock gapped up off the opening by 29% and eventually got up to a 50% increase. The price increased from $0.3627 all the way to $0.5499. This move is also supported by an influx of volume. On August 27th alone, the stock’s volume is greater than last week’s entire trading session combined.
Digital Ally Inc. (DGLY Stock Report) is a security company focused on digital
video imaging technology products for law enforcement. The company’s stock
price jumped nearly 60% on August 27th primarily thanks to recent
news. Digital Ally just received a patent for its law enforcement
breathalyzers.
“We are very excited to continue to
expand our patent portfolio to include the ‘732 Patent and to build on our
patented VuLink technology, […] Along with the release of EVO-HD, our newest
in-car video system, the ‘732 Patent solidifies our foothold in the law
enforcement industry for many years to come,” expressed Stan Ross, Digital Ally’s
CEO.
Bellicum Pharmaceuticals Inc. (BLCM Stock Report) is a biopharmaceutical
company that develops immunotherapies for several cancer types. The company
currently has 4 treatment plans in their pipeline with Rivo-cel leading the
way. It aims to treat forms of leukemia, lymphomas, and inherited blood
disorders.
On August 21st, one of the top penny stocks to watch announced its proceeds from its $139.6 million public offering. Those proceeds equaled just under $70 million for the company. Since this news came out, the biotech penny stock has increased by 46%. On August 27th, BLCM stock price rose from $1.19 to $1.40.
Tech penny stock SilverSun Technologies (SSNT Stock Report) has had a banner trading day. This was, by no means a random occurrence. But I’m sure no one expected SSNT stock to rally as much as it has. This morning the company announced the sale of its MAPADOC EDI division for $11.5 million. The company sold this to SPS Commerce, Inc. which focuses specifically on retail cloud services.
SilverSun targets its efforts on business application software and cloud services. In response to this sale, Mark Meller, CEO of the Company, stated, “We have had a long and profitable partnership with SPS for many years. Our teams work seamlessly together, and both organizations focus on delivering the best customer experience possible.”
“This transaction ensures that our team, our customers and our partners will continue to be part of an ecosystem headed by a world-class organization intent on continuing the long tradition of excellence and service SWK Technologies has established over the years.”
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