Investors are often on the lookout for stocks which have performed impressively over a sustained period and hence, it might be a good move to look into the Senseonics Holdings (NYSEAMERICAN:SENS) stock, which has gained 100% in a month.
That said, it is also necessary for investors to remember that the Senseonics stock has a history of making rapid moves. In recent times, the penny stock has gained the attention of retail investors from Reddit and that has been one of the major reasons behind the rally.
In other words, the Senseonics stock is now part of the ‘meme stock’ mania. The stock is now at a much lower level than it was in January when traders had take it past $5 and hence, it could be argued that it could be an opportunity for investors who might be looking to get into the stock in light of the latest rally. It might be a good idea for investors to keep the stock in their watch lists.
As of 12.19: SENS stock moved up by 9.53% to $3.96. More than 103.61 million shares traded hands, well above its average volume of 25.02 million shares. The stock has gained over 16% in the past month.