Top Reddit Penny Stocks To Watch Right Now |
3 Reddit Penny Stocks for Your July 2022 Watchlist
Finding Reddit penny stocks to buy can be tricky. However, with the right tools at your disposal, it can be much easier than previously imagined. Due to the large number of penny stocks, it is crucial to understand which ones are worth buying and where to find them. And, when we add Reddit as a factor, we see that volatility starts to climb to very high levels.
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So if you’re looking for penny stocks to buy following Reddit, you need to make sure you’re comfortable with high levels of volatility. This is the best way to ensure that you are able to make money with penny stocks and maintain your online risk threshold.
Now, just because a penny stock is talked about frequently on Reddit doesn’t mean it’s worth buying. Rather, investors should do their due diligence to understand whether or not it is worth adding an addition to their portfolio. Considering that, let’s take a look at three penny stocks on Reddit that might be worth adding to your watchlist right now.
3 Reddit Penny Stocks to Add to Your Watchlist Right Now
- FuelCell Energy Inc. (NASDAQ: FCEL)
- Clover Health Investments Corp. (NASDAQ: CLOV)
- Clean Energy Fuels Corp. (NASDAQ: CLNE)
FuelCell Energy Inc. (NASDAQ: FCEL)
With over 3.5% gains at EOD, FCEL is a penny stock many investors are watching right now. And, in the last five days, shares of FCEL have jumped more than 9%, which is no small feat. So why exactly is fuel cell stock climbing right now? Well, the main reason is that investors are hoping to find stocks at low prices. Because FuelCell has not had the best trading period over the past few months, it is at lower than normal levels. Additionally, many investors are also capitalizing on renewable/clean energy.
As a result, FuelCell is currently a popular choice for investors of all types. In May, FCEL shares hit a low of $3, and since then they have been working hard to recover. And with its recent Q2 2022 financial results released a few weeks ago, the company has seen bullish sentiment over the past week. Considering all this, do you think FCEL stock is worth adding to your penny stocks watchlist or not?
Clover Health Investments Corp. (NASDAQ: CLOV)
Clover Health is a penny stock we’ve covered many times in the past. And on July 6, CLOV shares managed to rise over 2% to over $2.47 per share. Over the past five days, CLOV stock is up about 10%, which is no small feat.
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And given the market during this time, it’s an even more exciting prospect for investors to consider. The most recent news is from a week or two ago when he announced he would be joining the Russell 3000 Index. This took place on June 27 and should bring Clover Health some decent popularity.
“This is another important step for Clover Health as a public company in our mission to improve every life. We welcome the increased exposure and visibility provided by our inclusion in the index as a way to broaden awareness and engagement within the investment community as we execute our strategy.
Clover CEO Vivek Garipalli
With this exciting news in mind, will CLOV be on your list of penny stocks to buy?
Clean Energy Fuels Corp. (NASDAQ: CLNE)
Last, but not least, is CLNE stock, which climbed around 3% on July 6. While there is no company-specific news for Clean Energy at this time, we have seen renewable energy penny stocks showing bullish sentiment over the past few days. And, as its name suggests, the CLNE is part of this sector.
About a month and a half ago, it became known that CLNE co-founder Andrew Littlefair spent about $102,000, which boosted Clean Energy shares by 1.8%. It was big news when it came out and continues to illustrate that there is strong insider confidence in the company’s future. Although CLNE stock is volatile, it continues to show some potential. Considering this, does CLNE have a place on your list of penny stocks to buy right now?
What Penny Stocks are you looking at right now?
If you’re looking for penny stocks worth buying, there are plenty of options to choose from. Due to the high level of volatility we are currently witnessing in the stock market, investors should have a thorough understanding of how to take advantage of it.
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On top of that, it’s extremely easy to get caught up in wild price swings and lose money with penny stocks. So, to avoid this, it all comes down to knowing what is going on in the stock market. With that in mind, what penny stocks are you looking at right now?