Top Penny Stocks on Reddit Last Week

January 26, 6:19 am

Reddit’s influence on the financial markets has become undeniable. Communities like r/pennystocks and r/10xpennystocks provide a vibrant space for investors to discuss their picks, share due diligence, and hype up collective excitement around particular stocks. This is especially potent for penny stocks, which are usually lesser-known and have lower trading volumes. The attention from Reddit can lead to significant price swings, often resulting in what investors call a “Reddit rally.”

Let's delve into some of the most mentioned penny stocks on Reddit last week.

Highlights

Sellas Life Sciences Group (SLS)
Sellas Life Sciences Group (SLS) was the most mentioned penny stock on Reddit last week, with an impressive 341 mentions and a bullish sentiment. Investors are excited about the potential of their late-stage cancer drug, currently in Phase 3 trials for acute myeloid leukemia (AML). There’s significant chatter about the stock being undervalued, strong clinical trial data, and the heavy short interest which could set up a potential short squeeze.

Direct Digital Holdings (DRCT)
Direct Digital Holdings (DRCT) got pumped hard on Reddit last week and had a couple of days with it's stock price up over 100%. The company recently had a reverse split, reducing its public float and making it a prime candidate for volatility. Investors have noticed this setup and are hoping to see some upward momentum in the stock price.

Richtech Robotics (RR)
Richtech Robotics (RR) recorded 233 mentions. The company is gaining traction in the robotics sector, particularly with service robots being deployed in restaurants and hotels. With growing interest in automation, Richtech Robotics could be on the radar for a significant upward move.