Even though stock market trading is down, there are still plenty of opportunities to make money. You just need to know where to look. What some retailers are doing now is researching hype and popularity on social media.
There are multiple ways to find the most active Feast today. One way is to look at the trading volume, especially compared to other days. If a particular day has a volume above the average daily stock of a particular penny, this could indicate that something is wrong.
Another indicator that is currently popular among small stock traders is looking at social media such as Reddit and Twitter. Oftentimes, many people talking about stocks on social media will drive the momentum. This can increase the overall popularity of a particular company more than usual. This is important because it provides the trader with a two-front approach to trading small stocks: increased awareness and active discussion on social media.
A third way to track Popular Penny Stock It is social media monitoring in general. Since many active traders use Reddit, there is a strong chance that they will be posting news about companies that are trending as recently as today. Top Penny Stock before it became popular on major websites.
This can also increase trading momentum because a lot of people are using social media in general. Today we take a look at a handful of top Redditors stocks that decided to buy as the market fell. The question for you: are they worth the hype or should you run the other way?
Buy Reddit Penny Stock [or avoid]
Splash Beverage Group (NYSE: SBEV)
One of the top penny stocks this week is the Splash Beverage group. Tuesday’s initial catalyst came after one of the biggest updates from the company to date. Splash Beverage has been granted permission to sell a TapouT performance drink at 47 Walmart (NYSE: WMT) stores in Florida.
The beverage company owns a range of leading alcoholic and non-alcoholic beverage brands ranging from one-off wines (Copa di Vino) to TapouT. With early-stage brand development as its mission, this recent win in dozens of Walmart stores was a huge catalyst for a good start to 2022.
Read: Best penny stocks to buy today? 3 that jumped into the premarket
Over the past four sessions, SBEV’s stock has jumped from about $1 to $1.99. Additional chatter on social media appears to have kept the hot streak in check as SBEV shares reached those highs Thursday.
ReTo Eco-Solutions (NASDAQ: RETO)
When it comes to crypto stocks that are actively trading today, ReTo Eco-Solutions is on the hot list. Since mid-December, RETO shares have managed to climb from lows of $0.75 to over $1.80 this year, so far. At the center of attention is the ReTo technology platform that delivers solutions to improve the environment for its clients.
This year, all eyes are on the company’s latest pending acquisition. ReTo entered into a deal with Hainan REIT Mingde Investment Holding to buy 100% of the company. Ultimately, this acquisition will give ReTo a 61.55% ownership stake in Yile IoT Technology owned by REIT Mingde. Yile is a technology company that develops IoT technologies for car rental, ride-sharing and logistics in China.
“We are excited about acquiring REIT Mingde because we believe this transaction will enable us to integrate Yile IoT technologies into ReTo and accelerate the upgrade and growth of ReTo’s business. With the support of IoT technologies, ReTo strives to become a technology-driven service provider to the environmental protection and environmental protection industries, increasing value for our shareholders Hengfang Li, CEO of ReTo.
Redhill Biopharma (NASDAQ: RDHL)
Modern name on Hot Cash Stock List Today, RedHill Biopharma Company. Stocks rose Thursday thanks to new data revealed after analyzing a Phase 2/3 study on COVID patients. Specifically, the company’s drug filter, opaganib, improved the average time to filter viral RNA by at least 4 days. With the update announced mid-session, traders continue to digest the news as RDHL stock is heading higher.
“Opaganib is the first new oral drug candidate to demonstrate removal of SARS-CoV-2 viral RNA in hospitalized patients with severe COVID-19 pneumonia. It also provides the first clinical demonstration of the potential antiviral activity of opaganib, and supports a reduction in 62% in the mortality rate seen in the post-analysis of a large subgroup of patients from the Phase 2/3 study,” said Dr. Mark Levitt, RedHill’s chief scientific officer.
The company also said it was in discussions with multiple regulators about potential pathways to approval. In light of the latest developments and in the wake of its recent licensing deal for another treatment (Talicia) in the UAE, RDHL stock is gaining some attention from today’s retailers.
Should you buy the dip or wait?
When it comes to stock trading, in general, timing the market is not as easy as it might seem. For this reason, having an actual strategy is crucial. Plan your potential entry and exit goals and decide how you want to start your trade. Monitoring certain trends and triggers should play a role.
Is the stock moving because of the news or is social media hype the only driving force? What are traders speculating as making them in a down or uptrend on a particular penny stock? These are just a few of the questions you must have answers to before making your trading decision. The goal is to make money and, in doing so, set yourself up for success using the best possible tools and information.
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