Penny Stock Buzzer: AFFYMAX INCORPORATED (AFFY) In Motion; Strong Momentum for Holders

November 25, 2016 - By Darrin Black

Penny Stock Buzzer: AFFYMAX INCORPORATED (AFFY) In Motion; Strong Momentum for Holders

Interested investors have been looking for information on shares of AFFYMAX INCORPORATED (OTCMKTS:AFFY) after the stock moved $0.014, hitting the $0.079 price point in a recent trade.

It’s the latest price, but let’s analyze how the stock has been doing recently. In the past year, AFFYMAX INCORPORATED’s stock was -29.00%. According to the short interest report published recently, (AFFY) had 133,200 shorted shares for 3.6 days to cover. The prior short interest was 133,200 for a $N/A change. The 52-Week High and Low are noted here. -21.00% (High), 58.00%, (Low). The stock had 36,900 average volume.

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Penny stocks are often stated as risky investments that hardly pay off. Admittedly, there is fact to this, but with the right knowledge and tactics, it is possible to earn a significant amount of gain in penny stocks. Simply said, a penny stock is an equity that trades at a low price.

Irrespective of the name, penny stocks usually are priced over a penny, occupying a price range at or close to $1, though some are priced a fraction of a penny. Often referred to as micro-cap equities, the Securities & Exchange Commission classifies these types of securities as being $5 or less. Over-the-counter stocks are NOT listed on any of the formal exchanges.

So, penny stocks frequently fit in this segment, though many dodge this category. Over-the-counter (OTC) equities are stated to be risky as they aren’t contingent to the listing and reporting requirements of the reputed commodity exchanges.

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Penny shares can be listed on NASDAQ or other known stock exchanges, although many more cannot be found there. A major percentage of penny stocks are listed on the so-named ‘pink sheets’, i.e., daily news of OTC shares. They can even be seen on the ‘Over-the-Counter Bulletin Board.’ Commodities listed on the OTCBB fail to fulfill the listing guidelines of the NYSE or other known exchanges, although they are mandated to file financial statements with known regulators, such as the SEC. Penny shares are inexpensive, thus attractive to shareholders who lack the funds to buy comparatively expensive blue-chip stocks from large firms.

Penny stocks boast immense profit potential. Because these stocks trade cheap, even a slight jump in price turns to be profitable. Look out, however, because frequently shareholders may have trouble getting a decent amount of details about penny stocks. These kinds of shares tend to be latest in news, with almost no track record for investors research.

In addition, penny stocks show lack of market activity, with poor liquidity, making them difficult to sell. Poor liquidity results in penny stocks to be open to price influence.

A shady trader can simply buy large sums of shares, temporarily leading up the price, crafting artificial demand.

Disclaimer: Nothing mentioned in this publication is planned to constitute legal, securities, tax, or investment advice, nor a viewpoint regarding the relevance of any investment, nor any type of solicitation. The general information mentioned in this article should not be acted upon without getting specific tax, legal and investment advice from a certified professional.

More notable recent Affymax, Inc. (OTCMKTS:AFFY) news were published by: which released: “Affymax, Inc. Announces a Special Cash Distribution and the Appointment of a …” on November 26, 2014, also with their article: “Affymax Likely Worthless: Omontys Kills At Least 9x More People Than Epogen” published on August 28, 2013, published: “Affymax stock plunges 85 percent on drug recall” on February 25, 2013. More interesting news about Affymax, Inc. (OTCMKTS:AFFY) were released by: and their article: “Affymax Announces Appointment of Herb Cross as Chief Financial Officer” published on February 04, 2011 as well as‘s news article titled: “Affymax Board Announces Decision to Dissolve the Company” with publication date: June 24, 2014.

Affymax, Inc. is a biopharmaceutical company. The company has a market cap of $2.52 million. The Company’s product OMONTYS is for the treatment of anemia due to chronic kidney disease in adult patients on dialysis. It has a 0.94 P/E ratio. OMONTYS is a synthetic, peptide erythropoiesis stimulating agent (ESA), designed to stimulate production of red blood cells.

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