Hot Stocks to Watch: CEI, DWAC, QNRX, XXII, BBIG

One of the best ways in which many investors generate wealth in the stock market is by keeping track of all the latest trends and discovering the hot stocks. Over the course of the past few days plenty of hot stocks have emerged and it may be a good time to keep an eye on some f those. Here is a quick look at some of the stocks to keep an eye on.

Camber Energy (NYSEAMERICAN:CEI) was one of the biggest gainers in Friday’s session as the stock went up 53.32%, extending its monthly gain to 80%.

These are heady days in prospect for investors and trackers of Camber Energy. Recently the company was in the news after it made a joint announcement with Viking Energy about the fact that the shareholders of both companies had approved the provisions in relation to the proposed merger between the two companies.

The merger, which is all set to be affected on August 1, would see Viking becoming a fully owned subsidiary unit of Camber Energy. Camber Energy would remain the only publicly traded entity following the transaction. Once the news emerged a couple of days ago, the Camber stock soared by as much as 50% and the Viking stock ended up with gains of 25% as well.

Camber would gain complete legal and accounting control of Viking following the merger. It would also gain ownership of all of the assets and interests of Viking. Viking is best known for its custom energy and power solutions business. It also holds licenses and patents related to carbon capture systems and clean energy.

Digital World Acquisition Corp (NASDAQ:DWAC) had a memorable day as the stock skyrocketed over 50% on heavy volume to close at $20.08, off session high of $25.85.

Those looking for a social media play may consider keeping an eye on the Digital World Acquisition Corp stock, which saw its stock soar by 50% this past Friday. On July 21, the stock came into focus after the shell company, which is looking to take Donald Trump’s social media platform public, made key announcements. It announced that it had settled the charges of fraud for $18 million with the United States Securities and Exchange Commission.

That got the stock to levels higher than $20 a share but still much lower than the $95 a share that it had touched in March 2022. Digital World Acquisition Corp operates as a special purpose acquisition company, which had announced in 2021 its plans to merge with Trump Media & Technology Group, the parent company of Truth Social. Since that announcement, the merger experienced a range of delays. The settlement however paved the way for the merger. Digital World Acquisition Corp would need to pay that fee if it wishes to go ahead with the merger and take Truth Social’s parent company public.

Quoin Pharmaceuticals (NASDAQ:QNRX) was another notable gainer in the previous session with a jump of 39.63% on hefty volume. However, the stock is still down 48% so far this year.

On July 21 it emerged that Quoin Pharmaceuticals had restarted trading on NASDAQ. The development came as a major shot in the arm for the stock as it jumped by 62% following the development. Quoin Pharmaceuticals is known for being experts in orphan and rare diseases. It is a specialty, clinical-stage pharmaceutical firm which is involved in taking care of a range of unmet needs.

Not too long ago the company had made the headlines after it made an announcement with regards to a public offering worth $7 million. That was a move that further enhanced its status as a company looking to advance healthcare solutions. The company has also recorded notable growth in recent years and last year it recorded earnings growth of more than 97%. The year before its earnings had gone up by 73.25%.

22nd Century Group Inc (NASDAQ:XXII) stock witnessed one of the best weekly gains over the past few months on a short squeeze. The stock went up 106% last week and closed up over 31% on Friday. Despite the recent rally, the stock is still down 64% so far this year.

The biotech leader is focused on the utilization of plant technologies so as to improve the health and wellness of people through reduced nicotine tobacco, hops, cannabis and hemp. On July 20, 22nd Century Group Inc was in the news cycle after it announced that it had regained compliance with the listing requirements of NASDAQ.

The company noted that it was informed in a letter dated July 19, 2023 that it had managed to regain compliance with the minimum bid price requirement listing rule for continued listing on the exchange. The company is regarded as a leader in the agricultural biotech space and is focused in reducing harm caused by tobacco, and by improving health and wellness through plant science.

Vinco Ventures Inc (NASDAQ:BBIG) After a dismal performance last year and first half of this year, the stock has been seeing heavy buying interest. The stock has soared 164% over the past month and 65% last week.

The company is involved in the development of content and digital media technologies. ZVV Media Partners LLC, its consolidated subsidiary, is a joint venture of the company and ZASH Global Media and Entertainment Corporation. ZVV Media holds an 80% stake in Lomotif Private Limited. Vinco Ventures also holds a 100% stake in AdRizer LLC.

On May 10 the company had announced that it had filed a Certificate of Change with the State of Nevada regarding a 1 for 20 reverse split of its outstanding and issued shares of common stock. It had been approved by the company’s board of directors and the stock started trading on a split adjusted basis from May 11, 2023.