AREB - Trading Penny Stocks? Top Stock Market News for February 10th 2022
Buying Penny Stocks Today? Here’s What You Need to Know
As we get started on another day of trading penny stocks and blue chips, there is a lot for investors to consider. Because penny stocks are so speculative, understanding exactly what is going on in the stock market will be a major benefit to your trading. This means knowing what events are occurring and how to take advantage.
As a result of the sheer amount of momentum we’re seeing with penny stocks right now, there are plenty of opportunities to make money with small caps in 2022. With that considered, let’s take a look at what’s going on in the stock market right now.
What to Know About Trading Penny Stocks Today
During premarket trading today, stock futures in the U.S. were stable ahead of a key report. Today, Wall Street is sitting on the edge of its seat as the CPI index data comes out. This will help to illustrate when the Fed could begin tightening its monetary policy. The stable premarket trading today also comes after a bullish session yesterday following positive earnings from many major companies.
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In the past few weeks, the rate at which the Fed has stated it will begin raising interest rates, has incited broader market fear. And as a result, markets have been extremely volatile. However, now that we are seeing better-than-expected earnings, many traders believe that the future could be bullish. With all of that in mind, let’s take a look at three penny stocks that are climbing during premarket trading today.
3 Penny Stocks Climbing During Premarket Right Now
- Ironnet Inc. ( NYSE: IRNT )
- American Rebel Holdings Inc. ( NASDAQ: AREB )
- Dermata Therapeutics Inc. ( NASDAQ: DRMA )
Ironnet Inc. (NYSE: IRNT)
One of the biggest premarket gainers today is IRNT stock. During premarket, shares of IRNT shot up by over 26%. While many penny stocks rise without any news as the cause, Ironnet made an exciting announcement during premarket. The company stated that it has signed into an agreement with an anonymous Gulf Cooperation Council country.
The goal is to provide AI-based network detection security and Ironnet’s Collective Defense product. This will allow for real-time cyber defense for the country. Considering this big contract, will IRNT be on your list of penny stocks to watch?
American Rebel Holdings Inc. (NASDAQ: AREB)
American Rebel Holdings is a penny stock that we have covered several times in the past few weeks. And today, shares are up by as much as 18% during premarket trading. In the last few days, we’ve seen wild volatility with AREB as it only began trading on the NASDAQ on February 7th. Yesterday, the company announced the closing of a $10.5 million public offering at a price of $4.15 per common unit.
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It states that the proceeds will be used for repaying certain debts, general corporate purposes, R&D expenditures and new growth strategies. While we should expect volatility to continue with AREB stock, there’s no doubting the bullish interest in the company right now. With that in mind, will it be on your penny stocks watchlist ?
Dermata Therapeutics Inc. (NASDAQ: DRMA)
Another major premarket gainer today is DRMA stock. During premarket, shares of DRMA stock shot up by over 24%. This comes only a few days after DRMA stock shot down by over 20% in a single trading day. The most recent news from the company comes as it asked the FDA to waive requirements for the completion of a 90-day dermal minipig study.
If the FDA grants this request, the company could save around $600,000. So, it is tough to say why shares of DRMA stock are climbing aside from a bullish reversal following that recent loss. However, the company does have a lot to offer and its pipeline is advancing rather quickly. Considering that, does DRMA deserve a spot on your list of penny stocks to buy?
Are Penny Stocks Worth Buying Right Now?
While 2022 has not been a banner year for stability, it has allowed many investors to make money with penny stocks . But, knowing how to find the best penny stocks to buy and where to look can quickly mean the difference between profits and losses.
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Considering that there are so many penny stocks to choose from, investors have to be selective when it comes to ones that fit their investing style. So, with all of that in mind, do you think that penny stocks are worth buying right now?
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