4 Reddit Penny Stocks To Buy For Under $5 As Trump Stocks Jump

Trump Penny Stocks to Watch Right Now

The debut of former President Donald Trump’s Truth Social media platform caused a stir in the stock market today. Once again, the news headlines have sparked a surge in companies with any kind of exposure to the alternative social media company. While investors remain focused on big-picture stocks like this one, others are looking for cheap penny stocks that might have something to do with the former US president.

PennyStocks.com – PennyStocks

This has been a phenomenon since the SPAC market woke up thanks to Facebook’s newest competitor. Additionally, the company is back in the spotlight this week thanks to news that it would raise $ 1 billion through a PIPE transaction.

Former President Donald Trump, also president of Trump Media, explained that “one billion dollars sends an important message to big technology that censorship and political discrimination must end. The United States is ready for TRUTH Social, a platform that will not discriminate on the basis of political ideology. As our balance sheet expands, TMTG will be in a stronger position to fight the tyranny of big technology. “

It is trends like this that have given rise to the strength of retailers. Although “Trump ActionsThey are one of the underlying themes, look on popular social media platforms like Reddit and Twitter. You will see many “investor roundtables” discussing numerous penny stocks. Remember though, although these cheap stocks can be purchased for less than $ 5 (as the title says), it is up to you to decide if it is worth the risk.

Reddit Penny Actions to Watch

  1. Datchat Inc. (NASDAQ: DATS)
  2. Phunware Inc. (NASDAQ: PHUN)
  3. Paysafe Ltd. (NYSE: PSFE)
  4. Virpax Pharma Inc. (NASDAQ: VRPX)

Datchat Inc. (NASDAQ: DATS)

reddit penny shares to buy DatChat DATS shares

DATS stocks are no strangers to big moves. After its IPO, we discussed the company in more detail (See: Penny Shares to watch as the technology tries to recover). Since day 2 of its public action, DatChat has managed to attract attention for its technology platform focused on privacy and security. DatChat brings together blockchain, cybersecurity, and social media on a single platform. Users can delete messages and posts and protect themselves from anyone who takes a screenshot of them before they are deleted.

With a focus on things like former President Trump’s alternative social media platform, other companies like DatChat have found a place in the eyes of merchants. In particular, its private social media platform has become a point of interest for the DeFi community. CEO Darin Myman said in a recent update that the DatChat platform could play an important role for both DeFi and NFT.

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Looking ahead, the proposed launch of the DatChat Blockchain could attract some interest. The company discussed its plans to explore a proof-of-stake and potential proof-of-stake opportunity for holders of their tokenized NRD Points. When or if it is launched, all of this will be accessible within the DatChat platform according to the company.

Phunware Inc. (NASDAQ: PHUN)

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More directly linked to the trend in “Trump stocks,” Phunware has been in the limelight multiple times since the launch of the Trump SPAC. The company specializes in enterprise cloud technology for mobile platforms. Some of the things that have come to attention lately have more to do with Phunware’s involvement in the cryptocurrency space than anything else (there is a Trump angle though, and I’ll explain that).

For the past few months, Phunware has been focused on launching its PhunCoin cryptocurrency. Last month this finally materialized and PhunCoin became available for trading on the Securitize platform. This is a blockchain-enabled transfer agent registered in the US Their PhunWallet manages the coins. Obviously, with the recent drop in cryptocurrency prices, the angle of digital assets could be questioned at this point as PHUN shares rise.

In this case, it is important to mention that Phunware’s efforts have also given exposure to Trump-related businesses. The 2020 news helped draw attention back to penny stocks. Punware reported on a partnership with American Made Media Consultants to develop, launch and manage the Trump-Pence 2020 re-election campaign mobile app portfolio for Apple iOS and Google Android smartphones. Thanks to this, PHUN has remained at the center whenever Trump Actions move.

Paysafe Ltd. (NYSE: PSFE)

This month, Paysafe is acclimating to its current price levels as something of a new penny stock. I say this because PSFE shares have generally traded above $ 7 since its public debut. However, after discussing cutting its sales guidance in its latest quarterly update, PSFE dove in. In particular, the company said it expects 2021 sales to reach a range of $ 1.47 billion to $ 1.48 billion. He previously set expectations in a range of $ 1.53 billion to $ 1.55 billion. Meanwhile, analysts had expected the same based on previous guidance. This misstep sent the stock down as low as $ 3.18 in recent weeks.

Paysafe offers payment processing solutions, digital wallets and online cash solutions for its clients. Philip McHugh, CEO of Paysafe, explained that the lower revenue during the third quarter reflects the market challenges and performance in the digital wallet business. However, he also explained: “While the recent trend will drive a tight financial outlook, we continue to see strong momentum across the business. Our position to win in disruptive and high-growth markets, including online sports betting and cryptocurrencies, continues to accelerate. “

This week, the focus is on the inner feeling. Even after this significant drop in the fourth quarter, it appears that the CEO is doubling down. He, other officers and directors bought shares worth approximately $ 2.8 million.

Virpax Pharma Inc. (NASDAQ: VRPX)

Virpax shares have been trending sideways for the past few weeks. However, a rebound in activity on Wednesday has drawn attention to penny stocks. After a $ 4 open on December 8, VRPX shares rose to initial highs of more than $ 4.60. The company specializes in the development of pain management products and they are candidates for central nervous system disorders and antiviral indications.

This week Virpax came out with news that seems to have resonated in the market. The company reported optimistic results following the completion of toxicology and pharmacokinetic studies designed to support clinical trials with Epoladerm ™. This is one of your top investigational product candidates for pain management associated with knee osteoarthritis.

In light of these results, it is also important to note that Virpax is seeking FDA approval for Epoladerm ™, as well as two other proprietary drug delivery platforms. For example, Probudur ™ is their formulation of liposomal bupivacaine in development for managing postoperative pain. Envelta ™ is a product that is being developed to control acute and chronic pain, including pain associated with cancer and post-traumatic stress disorder. In response to the latest Epoladerm, Anthony P. Mack, Virpax President and CEO. commented: “This is an important step in the development of Epoladerm and prepares us even more for the expected clinical trials.”

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Are Penny’s actions worth it?

Penny stocks are highly volatile, very risky, and often misunderstood. However, if you like opportunities to make money quickly, it may be worth taking the time to learn how to buy and trade these cheap stocks with the proper strategy in mind.

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