Wall Street tumbles today after a worse than expected jobs report and a decline in oil prices caused a big selloff. Initial claims for unemployment rose 9,000 to a seasonally adjusted 429,000. Oil is down over 4% today as well. Penny stocks continue to see big movers with BBDA and BCLI leading the way.
Cannabis Science, Inc. (OTCBB:CBIS) is up 30% today at $0.0537 with an intraday high of $0.0580. CBIS has traded over 7 million shares so far today.
Shares of Brainstorm Cell Therapeutics Inc. (OTCBB:BCLI) are up 36% today with over 2.8 million shares traded. BCLI is currently trading at $0.3970 with an intraday high of $0.42.
Bebida Beverage Company, Inc. (OTC:BBDA) is up over 800% at $0.0110 after the company announced it has signed a contract to add RC Cola distributorship to thousands of retail stores. BBDA has traded over 58 million shares following this news and has traded as high as $0.0120.
American Diversified Holdings Corporation (OTC:ADHC) is up 14% today following news that its subsidiary Rebel Networks signed a cloud computing development deal with OnApp Software. ADHC is currently trading at $0.0055 with an intraday high of $0.0060.
Overall, the market is looking bleak today after the poor jobs report and the Fed’s less than enthusiastic remarks about the economy yesterday. Oil also dropped today, and was down as much as 5% at one point this morning.
Disclaimer: This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in this stock at the time of this posting. Do not use the above information as investment advice. It is for entertainment purposes only. Penny Stock Classroom is not liable for any losses you may incur.
