Best Penny Stocks To Buy Now? 4 Monkeypox Stocks To Watch This Week

| August 4, 2022
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Monkeypox stocks are beginning to capture broad market attention, and, yes, penny stocks are among the most speculated upon. But there are a few things you have to understand when approaching this niche. Like COVID stocks, more assumptions are being made about “what might happen” than are actually confirmed.

We saw this occur with several of the hottest monkeypox stocks this quarter. While many have enjoyed significant moves higher, most are trading far off their highs.

Why are some monkeypox stocks down right now?

It has to do with comments from the FDA. The FDA explained that it already has an FDA-approved vaccine for preventing monkeypox disease and an FDA-cleared diagnostic test.

So why are other monkeypox stocks trending in the stock market today? Much like the coronavirus pandemic, where only a few vaccines gained mass adoption, it was diagnostic companies and ones developing preventative platforms that continued capturing attention. Think back to disinfecting companies, mask businesses, and testing & diagnostic companies. These tended to trend a bit longer after the market decided there were viable drugs and drugmakers to watch. Is this the case today?

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