U.S. stocks have opened lower on Friday, August 14th, when markets looked at inflation, and industrial data in July. The producer price index has rose 0.2% since July. The price index, without including food or energy, has also grown 0.2% in the last month. Both of these percentages exceeded the 0.1% prediction. U.S. production for July spiked over 0.6% while predictions were only at 0.3%. These are good results, yet many are fooled by the fact that crude oil [rices have dropped to the lowest they have been in six years. How are penny stocks affecting the market?
Vapor Group Inc (OTCMKTS:VPOR), as of 11:40 AM, was at its HOD at $0.0009. It opened up at $0.0005, which means that it is up 80%. The stock was trading with a volume of 88,834,504 at that same time. VPOR looks like it is finally on a bounce back; On August 13th, just a day before, the stock hit a low of $0.0004. The very next day, its HOD, as of 11:40 AM is 125% more than that. Investors hope that prices are going to raise back to the prices that they used to be at; On May 20th, the stock had hit a high of $0.0014. The stock, at $0.0009 is down 35.71% from that, but at the same time looks to be trading well at a high volume, so investors can be happy with VPOR again.
FBEC Worldwide Inc (OTCMKTS:FBEC) remains at its opening price of $0.0599 as of 12:00 PM on Friday, August 14th. The volume was only trading at 41,000 at that time. Although this does not seem good, just the day before on August 12th, FBEC hit a low of $0.02. That was the lowest it has been at since May 26, 2015, where its low was also at $0.02. The stock is up about 199.5% since then. Investors are looking for a bounce back; from the $0.02 low on May 26, the stock rose to a high of $0.14 (600%) on June 26.
High Performance Beverages Co (OTCMKTS:TBEV), as of 12:30 PM on August 14th, was up 16.67% at $0.0007. The stock opened at $0.0006 and has had a volume of 48,920,186 as of that time. The high of the day was, up to 12:30, $0.0008. That was a 33.33% increase from the opening. About a week before, on August 5th, TBEV was at a low of $0.0002. August 13th’s HOD, again, as of 12:30 PM, is 300% higher than that. TBEV investors are also looking for a bounce; on June 9th, the stock was also at $0.0002, but hit a high of $0.0011 just weeks later on June 23, 2015. That was a 450% increase.
Prima Biomed Ltd ADS (NASDAQ:PBMD), at 12:50 PM on August 14th, was at $1.46. This is a 46% increase from the opening of the day which was $1.00. The volume at the same time was 19,192,440. The day before, on August 13th, the stock closed at its HOD of $1.00. It looks like the stock has become bullish just in the last two days. On May 18th, the stock closed at $0.5199. Just two days later, on May 20th, 2015, the stock hit a high $6.48. Again, investors are hoping to see another rise such as this one, where the stock grew over 1,146.39%.