Hot Penny Stocks: ARNA, ATC, NWK
Its been an exciting week for penny stocks, especially for Arena Pharmaceuticals (ARNA), ATC Venture Group (ATC), and Network Equipment Technologies (NWK). Lets take a closer look at these three hot penny stocks
Arena Pharmaceuticals (ARNA)
Its been a huge week so far for ARNA. The shares are up 66% as of this writing.
ARNA is a clinical stage biopharmaceutical company developing drugs in the therapeutic areas of cardiovascular, central nervous system, inflammatory, and metabolic diseases. The companys primary development program is based on lorcaserin, a clinical drug used for the treatment of weight management.
So whats the big news?
Diet-drug Lorcaserin has been approved by European regulators. Not only does this open up a huge market for the drug, but it also forces the FDA to take a close look at approving it in the US.
This could be just the start of much bigger things for ARNA.
ATC Venture Group (ATC)
Normally lightly-traded ATC shares are up 45% this week on large volume.
ATC develops injection-molded plastic products for vehicles such as golf carts, lawn mowers, and low-speed vehicles. The company also offers oil filters, coolers for the power sports industry, and legacy parts for out-of-production power sports products.
So whats going on with ATC?
This ones pretty interesting basically, nothings going on. In fact, the volume on ATC is so unusual, the American Stock Exchange asked ATC to explain why the stock was trading so heavily.
The response from ATC The Companys policy is not to comment on market rumors or speculation including unusual market activity.
Sounds fishy to me. Stay far away from this one.
Network Equipment Technologies (NWK)
NWK develops voice and data telecommunications equipment for multi-service networks and associated services. The companys products are used by government organizations, enterprises, and carriers worldwide.
For the week, the stocks up a solid 35%.
Heres the deal
One of the NWKs important products, the UX Series, recently received qualification to be used with Microsofts Lync Server.
It may not sound like much, but this qualification means NWK can market UX Series products to a much wider audience from small branch offices to large campuses. And, with a larger target market, it means substantially more opportunities for revenues.
With the stock shooting higher, investors clearly think this is a big deal.
Yours in profit,
Gordon Lewis
Category: Hot Penny Stocks
