Micro Cap Duo Already On The Move On Tuesday

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Tuesday, June 11, 2024

The norm when it comes to us writing up a ‘Catching A Bid’ feature for our readers is that we’ll find a penny stock that is on the move pre-market off of some exciting announcement or key filing and dive in form there. 

This morning, we decided to do things a little bit differently and take a look at stocks that are moving on no apparent news (that we see) so that our readers have a chance to take action before the move has played out.

After scanning all of our watchlists and screening out those that are relatively unchanged two stocks in particular stood out to us that we thought you might want to check out. 

Up first is ShiftPixy Inc. (Nasdaq:PIXY). This Miami-based micro cap is on the move so far during Tuesday’s premarket hours as traders are currently willing to snatch up shares at $1.84/share (+26.03% implied open for sellers) at the time of writing. Again, this is on now obvious news release, however it could be indicative of the stock finding support near its 52-week low following yesterday’s close.

Background: ShiftPixy PIXY provides a disruptive human capital management platform revolutionizing employment in the Gig Economy by delivering a next-gen mobile engagement technology to help businesses with shift-based employees navigate regulatory mandates minimize administrative burdens and better connect with a ready-for-hire workforce. With expertise rooted in managements nearly 25 years of workers compensation and compliance programs experience ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing Gig Economy.

Up next is Nauticus Robotics Inc. (Nasdaq:KITT). This Texas-based industrial company is getting massively bid up currently, and the reasoning is still quite unclear. At the time of writing, shares of this micro cap are currently bid at $0.3347/share (+44.95% implied open for sellers). It should be an exciting session for this stock!

Background: Nauticus Robotics Inc is a developer of ocean robots, cloud software, and services delivered in a modern business model to the ocean industry.

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