![stocks to buy now stocks to buy now](https://pennystocks.com/wp-content/uploads/2020/10/best-penny-stocks-to-buy-now-3.jpg)
![stocks to buy now stocks to buy now](https://pennystocks.com/wp-content/uploads/2021/04/reopening-stocks-to-watch.jpg)
They are the latest state to join the growing roster following this course of action. This comes after California declared a State of Emergency over the outbreak earlier this week. Today French Health Minister Francois Braun said 2,271 people were now infected with monkeypox in France. Headlines spanning the globe have highlighted the spread of the virus. These tended to trend a bit longer after the market decided there were viable drugs and drugmakers to watch. Think back to disinfecting companies, mask businesses, and testing & diagnostic companies. So why are other monkeypox stocks trending in the stock market today? Much like the coronavirus pandemic, where only a few vaccines gained mass adoption, it was diagnostic companies and ones developing preventative platforms that continued capturing attention. In addition, the FDA also explained that it already has an FDA-approved vaccine for preventing monkeypox disease and an FDA-cleared diagnostic test. In Siga's case, the Administration came out and said that Siga's Tpoxx had no human data demonstrating the efficacy of the treatment for monkeypox. Why are some monkeypox stocks down right now? While many have enjoyed significant moves higher, most are trading far off their highs. ( NASDAQ: SIGA) and several other companies developing potential treatments. We saw this occur with several of the hottest monkeypox stocks this quarter. Like COVID stocks, more assumptions are being made about "what might happen" than are actually confirmed. But there are a few things you have to understand when approaching this niche. Monkeypox stocks are beginning to capture broad market attention, and, yes, penny stocks are among the most speculated upon.
Stocks to buy now trial#
Claim your 1-week free trial to StreetInsider Premium here. News and research before you hear about it on CNBC and others.