Penny stocks are known for their volatility, and this can lead to some incredible gains in a short amount of time. In fact, some penny stocks have even managed to skyrocket overnight, leaving investors with impressive profits. If you’re interested in finding the next penny stock that could potentially make you rich, here are 10 examples of penny stocks that have skyrocketed overnight, and some tips on how you can find the next one.
- MyoKardia (MYOK)
MyoKardia, a biotech company, experienced a massive increase in stock value overnight after the company announced positive clinical trial results for its heart disease treatment. The stock jumped from around $60 per share to over $130 in a single day.
- 22nd Century Group (XXII)
22nd Century Group is a biotech company that specializes in developing plant-based solutions for a variety of applications. The company saw its stock price increase from around $2 per share to over $6 per share overnight after the company announced a partnership with the National Institute on Drug Abuse.
- Inovio Pharmaceuticals (INO)
Inovio Pharmaceuticals saw a huge increase in stock value after the company announced that its experimental COVID-19 vaccine had generated positive results in a preclinical study. The stock went from around $5 per share to over $27 per share in a single day.
- Plug Power (PLUG)
Plug Power, a company that specializes in hydrogen fuel cells for use in electric vehicles, saw its stock value increase dramatically after the company announced a partnership with Walmart to provide hydrogen fuel cell systems for the retailer’s warehouses. The stock went from around $4 per share to over $8 per share overnight.
- Riot Blockchain (RIOT)
Riot Blockchain, a company that is involved in cryptocurrency mining and other blockchain-related ventures, saw a massive increase in stock value after the company announced that it had purchased a cryptocurrency exchange. The stock went from around $3 per share to over $20 per share in a single day.
- Avinger (AVGR)
Avinger is a medical device company that saw its stock price increase dramatically after the company announced that its Pantheris device had received FDA clearance. The stock went from around $2 per share to over $12 per share in a single day.
- Genprex (GNPX)
Genprex, a biotech company, saw a huge increase in stock value after the company announced that its experimental cancer treatment had received a Fast Track designation from the FDA. The stock went from around $1 per share to over $5 per share overnight.
- GameStop (GME)
GameStop saw a massive increase in stock value after a group of Reddit users coordinated to drive up the stock price in a short squeeze. The stock went from around $20 per share to over $400 per share in a matter of days.
- Sundial Growers (SNDL)
Sundial Growers, a cannabis company, saw its stock value increase dramatically after the company announced a partnership with a leading retailer to sell its products. The stock went from around $0.10 per share to over $0.90 per share overnight.
- Ocugen (OCGN)
Ocugen, a biotech company, saw a huge increase in stock value after the company announced a partnership with Bharat Biotech to develop and commercialize a COVID-19 vaccine in the United States. The stock went from around $0.50 per share to over $18 per share in a single day.
Finding the Next Overnight Penny Stock Success
