Penny stocks are on the move Friday and we’re diving into the top ones that investors will want to keep an eye on today!
While tracking the top penny stocks can be a fun and lucrative endeavor, it does come with risks. The low price of penny stocks make them easy for retail traders to pump and dump. That means some investors may end up with losses if they aren’t careful. Keep that in mind before making any investments today.
With that said, here are the top penny stocks for Friday!
Top Penny Stocks Today
- Exela Technologies (NASDAQ:XELA) stock starts us off with a more than 10% gain as of Monday morning. That comes after the company announced a CEO transition plan today.
- SG Blocks (NASDAQ:SGBX) shares are up next with the company’s stock rising over 8% as of this writing. That follows an announcement concerning a massive contract for one of its subsidiaries.
- Hudson Capital (NASDAQ:HUSN) stock is jumping nearly 35% this morning. That’s on the news of it selling its Chinese assets to focus on its U.S. operattions.
- DiDi Global (NYSE:DIDI) is another penny stock heading higher today with shares climbing more than 13%. This comes as Chinese stocks rise today on recent audit reports.
- Blackboxstocks (NASDAQ:BLBX) shares close out our top penny stocks today with shares up over 17% as of this writing. That following the release of the company’s earnings report for the fourth quarter of 2021.
Investors seeking more stock market news for Friday are in luck!
We’ve got all the most recent stock market news traders need to know about today! A few examples include a recent purchase of Futu Holdings (NASDAQ:FUTU) stock, GameStop (NYSE:GME) stock split news, as well as what has Fisker (NYSE:FSR) stock rising. You can find all of this news at the following links!
More Friday Stock Market News
- A $3 Billion Fund Just Bought FUTU Stock. Here’s Why.
- What Does a Stock Split in the Form of a Dividend Mean?
- Why Is Fisker (FSR) Stock Up Today?
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.
Read More: Penny Stocks — How to Profit Without Getting Scammed