CMPI - Hot Penny Stocks to Buy? 3 to Watch As CMPI Stock Shoots Up 320%
What To Know About Buying Penny Stocks on April 19th
With another day of buying penny stocks here, there is a lot for investors to know. During early morning trading, we saw gainers like Sharps Technology Inc. ( NASDAQ: STSS ) and Navidea Biopharmaceuticals Inc. ( NYSE: NAVB ) grab attention among others.
And while we have seen heightened volatility in the stock market in the last few weeks, there are periods of major bullish price action. For that reason, let’s take a look at what you need to know about trading penny stocks on April 19th, 2022.
Stock Market News on April 19th, 2022
During premarket trading, U.S. stock futures were mostly flat ahead of major earnings reports this week. As of Yesterday, over 50% of the 34 companies on the S&P 500 that have reported earnings thus far, have beat expectations in sales and earnings.
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This is a major deal and shows that there is economic growth despite the current market tensions. While inflation is high and conflict in Ukraine is not getting any easier, there are plenty of bullish moves to take advantage of with penny stocks. Considering this, let’s take a look at three penny stocks gaining during premarket trading right now.
3 Penny Stocks Gaining During Premarket Trading Today
- Checkmate Pharmaceuticals Inc. ( NASDAQ: CMPI )
- Toughbuilt Industries Inc. ( NASDAQ: TBLT )
- Aytu Biopharma Inc. ( NASDAQ: AYTU )
Checkmate Pharmaceuticals Inc. (NASDAQ: CMPI)
The largest gainer of the day and one of the largest we’ve seen in quite some time is CMPI stock. During premarket trading, shares of CMPI stock shot up by more than 329%. This comes after a six-month drop of over 39%. And with today’s gains, shares of Checkmate Pharmaceuticals have well surpassed penny stocks status at over $10.41 from its closing yesterday of $2.43 per share.
The big news for CMPI stock comes as Regeneron Pharmaceuticals Inc. ( NASDAQ: REGN ) announced its intent to acquire Checkmate in a $250 million all-cash acquisition. With this big news in mind, will CMPI be on your penny stocks watchlist ?
Toughbuilt Industries Inc. (NASDAQ: TBLT)
Another big gainer during morning trading is TBLT stock. Before market open, shares of TBLT stock had shot up by over 45% to more than $0.21 per share. While this may not seem like much, a 45% gain is a 45% gain no matter what the price of the stock is. And for that reason, it’s worth looking into.
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Yesterday at EOD, Toughbuilt announced its Q4 and full year 2021 financial results. In the results, it posted record Q4 growth in its revenue of 105% YoY or $24.6 million. In addition, it announced record full year revenue of $70 million. This represents YoY growth of more than 77%. These sizable numbers show exactly why shares of Toughbuilt stock are climbing right now. Whether this makes it worth adding to your list of penny stocks to buy, is up to you.
Aytu Biopharma Inc. (NASDAQ: AYTU)
With over 20% in gains during premarket trading, AYTU is another penny stock in focus right now. While shares of AYTU stock have fallen by over 65% in the past six months, today’s move is a decent bullish turnaround for the company.
During early morning trading, the company announced that it received Fast Track Designation for its AR101 compound. This is used in the treatment of vascular Ehlers-Danlos syndrome. With this designation, the company can begin treating this life-threatening condition that currently has no treatments approved. Considering that, is AYTU stock worth buying or not?
Which Penny Stocks Are You Watching Today?
With so much movement going on in early morning trading, buying penny stocks is clearly a popular choice for many investors.
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And while it can be an extremely volatile way to lose your investment, buying and selling penny stocks can also be very profitable. Considering that there is a lot of momentum to take advantage of right now, which penny stocks are you watching today?
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