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Why These Penny Stocks Are So Popular in December 2021

3 Popular Penny Stocks to Add to Your Year End Watchlist 

If you’re looking for the best penny stocks to buy, the popularity factor can be a great metric to use. However, there are other aspects that should go into your penny stocks trading strategy. One way to tell how popular a penny stock is, is by looking at intraday volume. 

For those unfamiliar, volume is the number of shares traded in a given day. If it is high or abnormally high, it can indicate popularity, news, an announcement, or something similar. And as a result, volume is the clearest metric to identify how popular a stock is. 

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In addition to this, investors should use social media platforms such as Twitter and Reddit to see if a stock is being discussed online. This is another great metric as it directly correlates with how popular a stock is. So, with all of this in mind, let’s take a look at three popular penny stocks to watch in 2021. 

3 Popular Penny Stocks to Watch Right Now 

Phunware Inc. (NASDAQ: PHUN) Transocean Ltd. (NYSE: RIG) Vinco Ventures Inc. (NASDAQ: BBIG

Phunware Inc. (NASDAQ: PHUN)

Phunware Inc. is a tech penny stock that has received a lot of attention recently due to its notable advancements. In the past six months, shares of PHUN stock have shot up by over 118% and in the past twelve months by over 289%. These are staggering gains that reflect the bullishness surrounding PHUN stock right now. If you’re not familiar, this company provides a fully integrated enterprise cloud platform for mobile Multiscreen-as-a-Service (MaaS) as well as software development kits (SDK). Its platform provides organizations with the data, tools, and services they need to monetize and manage their worldwide mobile app portfolios and audiences.

Recently, Phunware has been working to develop its PhunCoin cryptocurrency. PhunCoin became accessible for trade on the Securitize platform last month, marking a significant milestone for the organization. This is a blockchain-enabled transfer agent based in the United States. Right now, anything having to do with cryptocurrency or blockchain is receiving a sizable amount of attention. And the case for Phunware is no different. 

In other recent events, the company announced on November 23rd that its Multiscreen-as-a-Service (MaaS) technology is now available in the Amazon Web Services (AWS) Marketplace. The AWS Marketplace is a digital library that has hundreds of different types of software. This service facilitates the discovery, testing, purchase, and deployment of software that runs on Amazon Web Services Inc. Up during premarket on December 15th, will PHUN stock be on your penny stocks watchlist as the end of the year comes closer?

Transocean Ltd. (NYSE: RIG)

Transocean Ltd. is a penny stock that has climbed by a respectable 24% in the past YTD period. While this is not as much as other penny stock, it is sizable considering the rest of the market’s trajectory in the past few months. For some context, Transocean is a company that specializes in contract offshore drilling. Transocean provides drilling rigs, equipment, and personnel for job sites. In addition to this, the company owns or has an interest in 37 mobile offshore drilling units, 27 of which are deepwater drilling units and 10 of which are harsh environment floaters. 

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On October 11th, the company stated that it will lower its operational greenhouse gas emissions intensity by 40% by 2030. Transocean has pioneered various technologies to increase the performance and safety of its rigs. Furthermore, the company intends to improve reliability, efficiency, and implementation moving forward while maintaining safety and operational integrity.

“Our responsibility as the industry leader extends beyond providing superior results for our customers. We must continue to deliver our services in a manner that minimizes our impact to the environment and, in this context, supports the interests of all our stakeholders, including employees, customers, investors, and for the broader public good.”

Jeremy Thigpen, the President, and CEO of Transocean

While shares of RIG stock have been quite volatile in the past few weeks, we have to consider the rest of the stock market during that time as well. Noting all of this new information, will RIG be on your list of penny stocks to watch next year?

Vinco Ventures Inc. (NASDAQ: BBIG)

Vinco Ventures is another big yearly gaining penny stock with over 130% in positive movement during the past YTD period. If you’re not familiar, Vinco Ventures Inc. specializes in digital media and content technologies. ZVV Media Partners LLC, a subsidiary of the company, has an 80% share in Lomotif Private Limited. This subsidiary is a joint venture between Vinco and ZASH Global Media. The deal for Lomotif was big news when it dropped and continues to be a driver for the price of BBIG stock. 

On November 22nd, the company revealed its third-quarter financial results for 2021. The company’s cash, cash equivalents, and restricted cash totaled $149.9 million as of September 30th. Due to a reduction in sales of personal protective equipment, the company’s revenue fell 11.5% year over year in the third quarter. While this may not be the most encouraging, the effects of the pandemic on all types of businesses have been widespread. And as a result, companies like BBIG have worked to stay afloat.

Earlier in November, the company filed a Form 10 registration statement with the SEC regarding its subsidiary Cryptyde Inc. This spin-off would make Cryptyde its own publicly traded Nasdaq listed company under the ticket symbol TYDE. Vinco will still keep trading under the BBIG ticker symbol after this is completed.

The CEO of Vinco Ventures, Lisa King said, “We believe the spin-off will provide significant benefits for Cryptyde, Vinco and their shareholders, enabling each company to enhance its strategic and operational focus, and improve resource allocation”. With all of this new info in mind, will BBIG stock be on your watchlist?

Which Penny Stocks Are on Your Watchlist Right Now?

Creating a list of the best penny stocks to buy can be challenging. However, because there is such a large number of penny stocks out there, the options are widespread.

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As a result, it all comes down to understanding your trading strategy and how to make money with penny stocks in 2021. Considering all of this, which penny stocks are on your watchlist right now?

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The post Why These Penny Stocks Are So Popular in December 2021 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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