Shares of Obalon Therapeutics, Inc. (NASDAQ: OBLN) got a boost, shooting 45% to $3.1896.
SemiLEDs Corporation (NASDAQ: LEDS) shares were also up, gaining 40% to $11.14 after dropping 22% on Friday.
Equities Trading DOWN
The Trade Desk, Inc. (NASDAQ: TTD) shares tumbled 19% to $533.50 after the company reported it is facing a period of higher uncertainty in its business outlook. The company’s board also declared a ten-for-one split in the form of a stock dividend.
Shares of Onion Global Limited (NYSE: OG) were down 18% to $5.76. Onion Global priced its IPO at $7.25 per ADS on Friday.
Insmed Incorporated (NASDAQ: INSM) was down, falling 17% to $27.04 after the company reported a proposed concurrent public offerings of $250 million of common stock and $500 million convertible senior notes due 2028. Morgan Stanley maintained Insmed with an Overweight and lowered the price target from $58 to $56.
Bank of Fincastle (OTCM: BFTL)
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of
Bank of Fincastle (OTCM: BFTL) in connection with the proposed acquisition of the company by First National Corporation ( First National ). Under the terms of the merger agreement, BFTL shareholders may elect to receive either $3.30 in cash, 0.1649 shares of First National common stock, or a combination of cash and First National stock for each share of BFTL that they own. If you own BFTL shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website:
3 Penny Stocks That are Making a Comeback Right NowÂ
As Reddit penny stocks continue to fly high, investors are constantly searching for the best ones to buy. Considering that there are so many Reddit penny stocks to watch right now, how can we divide the good from the bad? Well, there are a few things to keep in mind.Â
The most important aspect for all penny stock investors to consider is how speculative stocks under $5 are. This means that anytime a press release is announced, or a new product or balance sheet comes out, a stock could go either up or down very quickly. With Reddit penny stocks, this speculation can be much higher than usual.Â
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3 Penny Stocks to Watch as Crypto Fuels MomentumÂ
As penny stocks and cryptocurrency both see solid momentum, which companies are investors watching right now? Well, before we go into it, itâs worth identifying the differences and similarities between the two.Â
For starters, the majority of cryptocurrencies are relatively cheap. While there are standouts like Bitcoin and Ethereum, most cryptoâs like the popular DogeCoin, are well under $5. Given that all penny stocks are by nature under $5, we see a stark comparison between the two.Â
While penny stocks and cryptocurrencies do not usually trade in tandem with one another, often, one can inspire momentum with the other. This is especially true considering trading platforms like Robinhood. Robinhood has become extremely popular for both stock and crypto investors. This is because no other app allows you to buy both with as much ease as Robinhood does. And while it may not allow access to over-the-counter markets, t