Biotech Penny Stocks To Watch This Week
If you have been looking at the biotech industry, youâve likely stumbled upon a few penny stocks. This weekend one of the topics of conversation was the industry and how it has superseded the broader markets. If you look at industry benchmark ETFâs like the Nasdaq Biotech ETF (IBB), youâll see what I mean.
Despite the S&P (SPY) gapping up on Monday, the ETF is still noticeably lower from its all-time highs. The same is true for the Invesco Nasdaq ETF (QQQ). But if you look at the biotech ETF, not only did it reach fresh highs on Friday, it has also continued trading around those levels to start the week.