The latest virus captivating headlines in the stock market today is monkeypox. This has sent speculators searching for stocks with exposure to potential treatments.
There’s been a surge of momentum in biotech penny stocks working on smallpox treatment candidates. As an already fragile stock market was poked further in its downward trend after news triggered memories of the 2020 pandemic. Though there are no immediate comparisons between the two, the market has reacted similarly. Thanks to this volatility, new pockets of bullish trends are popping up, and many involve monkeypox speculation.
This article looks at a handful of penny stocks to watch amid news of the monkeypox outbreak.
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