The best Reddit Penny stocks to buy right now? 5 trending stocks to watch today

If you are looking for the best penny stocks to buy today, you have your choice. Social media has become the new “investor lunch table” for insight into stock market trends. This can lead to a lot of noise and confusion, especially if you are new to trading. Either way, it is very important to know where the trends start, why they started and if they are lasting. Today we take a look at a handful of the most active penny stocks on Reddit and other social opportunities.

Penny Stocks TL; DR Summary in 30 seconds

  • Penny stocks are among the most actively traded stocks on the stock market today
  • They attract thousands of traders per week based on different trends
  • One of the biggest trends in the stock market today is what’s happening on social media
  • Today we take a look at some of the most talked about penny stocks on Reddit and other social media today. Will they push higher on this wave of interest?

Social media has become the Mecca of retail traders, and rightly so. Companies like AMC and GameStop got their “meme stock nickname” from the groundswell that top subreddits created last year. Now, it’s common to see cheap stocks record explosive gains on a daily basis. Today we take a look at a few penny stocks to watch with increasing popularity on Reddit and other social media.

Reddit Penny Stocks To Watch

  1. SeaChange International Inc. (NASDAQ: SEAC)
  2. Creative Medical Technology Holdings (NASDAQ: CELZ)
  3. Diversified Healthcare Trust (NASDAQ: DHC)
  4. IMAC Holdings Inc. (NASDAQ: IMAC)
  5. Quoin Pharmaceuticals Ltd (NASDAQ: QNRX)

1. SeaChange International Inc. (NASDAQ: SEAC)

Social media, as an industry, is what put SeaChange International in the spotlight. With the rise of apps like TikTok, the competition has become fierce. One of the stars, Triller, initially made waves by speculating that it may go public or go public in the future.

Take it a step further and we have SeaChange International in the Triller headlines. Specifically, SeaChange has confirmed that it has entered into a definitive agreement and a merger plan with Triller Holdco. The goal is to advance digital advertising with TrillerVerz and, according to the company, the deal is expected to produce a combined company valued at around $ 5 billion.

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With the deal expected to close this quarter, attention has shifted to the stock following the decline in late 2021. In addition to market action and social media attention, there is other things including SEAC as a stock with higher short term interest. Short Squeeze Penny Stocks have become a popular topic of discussion among retail traders. Based on the latest data from Fintel.IO, the short float percentage is currently around 13%.

2. Creative Medical Technology Holdings (NASDAQ: CELZ)

Creative Medical’s actions have been hot since early December. As we discussed in the article “Low-float stocks to buy for less than $ 5 after a 250% increase in RELI”, the company’s recent update to the Nasdaq seems to have turned some heads. The regenerative medicine and stem cell technology company is developing a pipeline targeting multiple indications. These include neurology, urology, orthopedics, and immunotherapy.

While things have been calm in the New Year so far, the momentum remains in play after its Nasdaq IPO. In addition, the latest focus on Creative’s stroke candidate, ImmCelz, may also have become a focus. New data was released last quarter showing an ability to “reprogram” immune cells.

“The data disclosed today suggests the ability of ImmCelz ™ to achieve superior results in a manner that lends itself to safe, scalable and rapid clinical translation,” said Dr. Camillo Ricordi, member of the Scientific Advisory Board of the society. In addition, ImmCelz ™ has already been shown to be effective in animal models of autoimmunity. It is currently the subject of a pending IND filed by the Company with the FDA to treat stroke victims. As the market waits for more details on the NDA, CELZ stock has traded higher this year.

Best penny stocks to buy Creative Medical Technology Holdings CELZ stock chart

3. Diversified Healthcare Trust (NASDAQ: DHC)

Shares of Diversified Healthcare have collapsed since mid-December. The company’s model is simple. As a real estate investment trust (REIT), the company owns high quality healthcare properties in the United States. It has a $ 8.2 billion portfolio with over 390 properties in 36 states and Washington, DC Diversified Health is also managed by the RMR Group (NASDAQ: RMR), which is an alternative asset management company.

Before the start of 2022, there are a few things under scrutiny right now. First, income could be a sticking point for some. It comes after mixed third-quarter results sent the DHC title into a downward spiral in November. The company missed out on earnings per share and sales. However, the failure could have been attributed to a period of transition in the company.

Addressing this, Jennifer Francis, President and CEO of Diversified Healthcare Trust, said: “In the third quarter, we made substantial progress in shifting the management of a number of our senior communities to from Five Star to new third-party managers… we have signed new management agreements for 107 communities in transition, and 99 of these communities have been transferred, with the hope that the remaining eight will be transferred by the end of the year.

Interestingly, with the next round of expected quarterly and annual earnings, analysts appear to have turned bullish on DHC stock. B. Riley raised its price target on Diversified Health just before the end of 2021. The company has a buy on the stock and raised its $ 5 target by 20% to $ 6.

Best Penny Stocks To Buy DHC Diversified Healthcare Trust Stock Chart

4. IMAC Holdings, Inc. (NASDAQ: IMAC)

Since the start of the year, the IMAC title has been one to watch. It started trading around $ 1.10 and has since climbed to $ 1.49. The health and wellness center management company has focused on expanding its “The Back Space” retail centers more recently. In a recent fourth quarter update, CEO Jeffrey Ervin spoke in more detail.

“We are delighted to continue our progress in opening new ‘The Back Space’ locations. We have set up a platform to provide affordable spine health and wellness services in a superior location … As we run the ten store pilot, we have identified several opportunities to ” improve subsequent store openings, which will reduce time to completion and cost of opening. Our well-established construction process generates high value and will be a benefit beyond the pilot program if we increase the number of our stores. “

Read: The Best Penny Stocks For Your January Watch List, 3 To Check Out

Looking ahead, next week could be important for IMAC. The company participates in the BIOCONNECT conference in HC Wainwright. Jeffrey Ervin will be present at the event which will take place between January 10 and 13.

best penny stocks to buy IMAC Holdings IMAC stock chart

5. Quoin Pharmaceuticals Ltd (NASDAQ: QNRX)

Thanks to analysts, specialty pharmaceutical company Quoin Pharmaceuticals Ltd was in the spotlight at the end of the week. The Maxim Group launched a cover on the company with a purchase note. The company also gave an initial price target of $ 5, which is over 100% above current trading levels right now. This is the latest in a series of analysts’ notes on the company. Last month, JMP Securities launched a hedge on Quoin with a market rating and a target of $ 8.

One of the recent initiatives that may have sparked this optimism is the company’s QRX003 treatment candidate for a genetic condition known as Netherton syndrome. Quoin has signed exclusive licensing agreements with AFT Pharmaceuticals, Genpharm Services and Orpharm LLC for the treatment. AFT provides access to the marketing of QRX003 in Australia and New Zealand. Meanwhile, Genpharm is expanding its reach to the Middle East and North Africa, with Orpharm working exclusively in Russia and the Commonwealth of Independent States in this region.

With the latest exclusive deals and bullish outlook for analysts, QNRX could be one of the Reddit penny stocks to watch at present.

Best Penny Stocks to Buy Quoin Pharmaceuticals QNRX Stock Chart

Reddit Penny Stocks

If you’re like most, Reddit, Twitter, Facebook, TikTok, and other platforms are quick ways to see what the masses are talking about. With this can come a lot of information. The usefulness of this information can be difficult to determine, but it certainly impacts the hype factor of trading. For this reason, always be sure to do your research to determine the best course of action, if it is time to buy penny stocks or avoid certain stocks altogether.

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