3 Reddit Penny Stocks to Watch Next Month
Reddit has become a hub for finding the best penny stocks out there. While it is nowhere near the only place to find penny stocks, the vast number of communities or Subreddits, mean that many penny stocks are discussed on Reddit. This can be both a positive and a negative depending on what type of investor you are.
For example, if you are a conservative penny stocks investor, looking for stability, mentions on Reddit could be the last thing your portfolio needs. These mentions often lead to large momentum which can go in either direction.
On the other hand, if you are a growth investor or one who swing trades, then discussions about penny stocks on Reddit can be a major benefit. So, if you’re looking for penny stocks to buy, Reddit can be a great place to start making a watchlist. But, the first step should always be fully understanding what type of trader you are.
In addition, most penny stocks on Reddit tend to be extremely volatile. This means that they can jump or fall with little to no news. So, keep a vigilant eye out, and a close watch on your portfolio. With all of this in mind, let’s take a look at three Reddit penny stocks to watch next month.
3 Penny Stocks on Reddit for Your August Watchlist
- Investview Inc. (OTC: INVU)
- Citius Pharmaceuticals Inc. (NASDAQ: CTXR)
- Endo International PLC (NASDAQ: ENDP)
Investview Inc. (OTC: INVU)
Investview Inc. is a tech penny stock that shot up by around 24% during trading on July 22nd. This is a company that offers investment tools, market research, trading technology, and more. Investview is also involved in crypto mining and adaptive blockchain technologies. Many tech penny stocks related to blockchain technology have been going up in the market this year. On July 20th, the company announced that its Bitcoin mining subsidiary SAFETek has opened an ASIC miner repair center.
“We opened this new state-of-the-art ASIC repair facility as part of our overall vision to support and streamline our own SAFETek mining operational efficiency while providing much-needed repair services to other Crypto Miners.
We expect the new facility will enable SAFETek and our customers to greatly increase the efficiency and uptime of their mining operations by as much as 30% over time and will extend the life expectancy of mining equipment many years into the future.”
The EVP of Crypto Operations at SAFETek
In the past five days, shares of INVU stock have shot up but around 81$. While INVU stock is only around $0.21 per share, this is still quite a substantial uptick. With this info to note, will INVU make your list of penny stocks to watch in August?
Citius Pharmaceuticals Inc. (NASDAQ: CTXR)
Citius Pharmaceuticals Inc. is a biotech penny stock that develops products for critical care. Its Mino-Lok product is an antibiotic for…