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Best Stocks Under $5 This Week

U.S. markets moved higher this week amid a lot of tension and angst around the Federal Reserve and the impasse between Greece and the eurozone. However, there was a bit of a dropoff in the number of stocks below $5 making large gains.

niskaWhether that is an indication of a change in the wind for the market as a whole, or just a one-week anomaly remains to be seen. Here are the best-performing sub $5 stocks for this week:

Best Stocks Under $5: Niska Gas Storage Partners (NKA)

6/12/15 Closing Price: $3.82 (+191.6%)

Niska Gas (NKA) was the No. 1 performing stock below $5 this week, and it was quite an eventful week for the Radnor, Pennsylvania-based owner/operator of gas storage facilities throughout Canada and the U.S.

NKA stock blasted up 200% alone on Monday after being acquired by Brookfield Infrastructure Partners (BIP) despite reporting poor fourth-quarter earnings. After losing only $9 million in 2014, Niska lost $350.7 million in 2015.

Brookfield is paying $911.9 million for Niska and assuming all of NKA’s debt. On the surface it would seem to be a pretty good deal for NKA, when you consider its dismal 2015 performance, but several law firms have since filed class-action lawsuits against the board of directors for possible breaches of fiduciary and violations of state law.

But NKA got a huge boost on Tuesday when it was upgraded by three research firms. With NKA stock up so much this week, investors may want to see it pull back a bit more before jumping on the bandwagon.

Best Stocks Under $5: ContraVir Pharmaceuticals (CTRV)

6/12/15 Closing Price: $4.62 (+23.1%)

ContraVir Pharmaceuticals (CTRV) is aptly named, as the biopharm company develops treatments that are contrary to viruses such as shingles and Hepatitis B. CTRV is a subsidiary of Synergy Pharmaceuticals (SGYP), which had its stock rating reiterated as a “Buy” on Thursday by Canaccord Genuity Group.

In addition, on Monday ContraVir announced “the appointment of CEO James Sapirstein to the Biotechnology Industry Organization emerging companies section governing board and the capital formation committee.

Best Stocks Under $5: Applied DNA Sciences (APDN)

6/12/15 Closing Price: $3.57 (+23.5%)

Applied DNA Sciences (STRL) was also prominent with forming new partnerships this week. The DNA-based security company announced an alliance with Butler Evergreen to advise Butler in developing security for the shipment and dispensary of medical marijuana.

The very next day, APDN announced an agreement with Louis Dreyfus Commodities, a large cotton merchandiser, to provide security for the tagging and authentication of cotton fibers with its DNA technology.

Also this week, APDN partnered with the Camden County (N.J.) Police Chiefs Association to launch the DNA Home Asset Marking Program for Camden County residents. This is a program to help law enforcement to be able to return stolen property to its rightful owner.

Homeowners and business owners can use the DNA program to mark their property with a unique and invisible plant based DNA.

APDN then followed this up by partnering with the Fairfield (N.J) Police Department to create the first DNA protected community in an exclusive adult community in Fairfield.

APDN had a very bullish week, but hit its 200-day moving average on Thursday, so there could be a bit of headwinds going forward from here.

Best Stocks Under $5: DS Healthcare Group (DSKX)

6/12/15 Closing Price: $4.66 (+21.2%)

It’s not often that I feature the same company two weeks in a row in this space, as most volatile stocks don’t usually have two consecutive weeks of large percentage moves, but DS Healthcare Group (DSKX) was the exception to the rule this week.

DSKX manufactures over-the-counter tablets and products for hair health and thinning hair, and Mexican physicians often prescribe their products.  Their main product, Integra, reduces Corticotropin-releasing hormone (CRH) that produces stress, leading to thinner hair. Last week, singer-actress Belinda Peregrin endorsed their product on her social media sites to millions of fans, sending DSKX stock much higher.

This week DSKX announced it is searching for a chief marketing officer to improve its consumer product sales. The company is looking to change its business from organic distribution sales to retail distribution.

Between the ongoing publicity from Peregrin’s endorsement and the CMO announcement, DSKX stock continues to do quite well. In fact, DSKX stock has risen 475% since April!

Investors are urged to use caution if initiating long positions, as most stocks do not continue that type of performance without large pullbacks.

Best Stocks Under $5: Par Technology Corporation (PAR)

6/12/15 Closing Price: $4.75 (+13.4%)

Par Technology Corporation (PAR) is a provider of technical systems and service solutions for the hospitality and government defense industries. However, this week, PAR began to branch out to other businesses as well when it announced a partnership with Five Guys Enterprises to provide its Brink POS software delivery and maintenance services to all of Five Guys’ 1,200 restaurants across North America.

PAR stock fell from $6 to $3.80 between February and May, but has since bounced back, finishing today at $4.75.

As of this writing, Ethan Roberts does not hold a position in any of the aforementioned securities.

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