Pineapple Holdings, Longeveron, and 180 Life Sciences are three penny stocks to keep an eye on for July 11, according to TipRanks’ Penny Stock Screener tool. Penny stocks are stocks that trade at or below $5 per share and have a market capitalization below $300 million.
The Penny Stock Screener tool helps investors filter stocks based on various parameters such as Sector, Price Target Upside, Smart Score, Analyst Consensus, Dollar Volume, and Price Change.
Using the tool, we identified the top three penny stocks with the highest Dollar Volume as of the closing on July 10, 2024. Dollar Volume is calculated by multiplying the number of shares traded on a particular day by the day’s share price. By looking at Relative Volume and Average Volume (last 3 months), we can gauge the level of trading activity compared to the average.
Pineapple Holdings, Inc. (NASDAQ: PEGY) operates through its subsidiary, Pineapple Energy, which focuses on acquiring and growing solar, storage, and energy services companies across the U.S. PEGY had a Dollar Volume of $178.41 million on July 10, with its stock price surging over 20.8% due to a deal with Conduit Capital. However, the stock was down 10.4% in pre-market trading the next day.
Longeveron Inc. (NASDAQ: LGVN) is a clinical-stage biotechnology company developing cellular therapies for aging-related and life-threatening conditions. On July 10, LGVN had a Dollar Volume of $104.07 million, with a stock price jump of 58.5% after announcing that its drug, Lomecel-B, received RMAT designation from the U.S. FDA for treating mild Alzheimer’s Disease.
180 Life Sciences (NASDAQ: ATNF) is a clinical-stage biotechnology company focused on therapies for chronic pain, inflammation, and fibrosis. On July 10, ATNF had a Dollar Volume of $90.83 million, with its share price declining by 19.2%. The company received an extension to regain compliance with Nasdaq’s minimum stockholders’ equity requirement by July 31, 2024.
For more penny stock opportunities, investors can explore TipRanks’ Penny Stock Screener tool for a list of penny stocks, price movements, and other essential data.