Penny Stocks on the Move: Today’s Top Gainers and Biggest Decliners

On May 23, 2025, the penny stock market witnessed remarkable movements, with Imunon, Inc. leading the surge in stock value and Golden Heaven Group Holdings Ltd. experiencing the steepest decline. Investors closely monitored these fluctuations, driven by significant corporate actions and market sentiment.

Top Gainers
Imunon, Inc. (IMNN)
Imunon, Inc. experienced a remarkable 178.85% surge in stock value today, ranking first among penny stocks, with an intraday high of 1.39 and closing at 1.16. The biotechnology company is gaining attention within the market. Reports indicate that the company's strategic withdrawal of its SEC filing for a public offering, announced on May 22, 2025, coupled with its participation in the 2025 ASCO Annual Meeting on May 23, 2025, has fueled positive investor sentiment and contributed to today's stock increase.

Powell Max Limited (PMAX)
Powell Max Limited saw a remarkable surge today, with its stock price climbing 57.41%, ranking second in the penny stock market. The stock hit an intraday high of 1.12 before closing at 0.51. Operating within the Interactive Media and Services industry, Powell Max has been making strategic moves recently. Reports indicate that Powell Max completed the acquisition of Miracle Media Production Limited, a key factor contributing to today's stock surge, announced on May 23, 2025. Additionally, analysts say Powell Max's significant new financing commitment—a $40 million equity line—has boosted investor confidence since May 22, 2025.

Bloomz Inc. (BLMZ)
Bloomz Inc. experienced a remarkable stock surge of 56.72% today, ranking third among penny stocks. The company's intraday high reached 0.258, closing at 0.21, driven by its recent strategic business alliance in the entertainment sector. Reports indicate that on May 22, 2025, BloomZ announced a partnership with M-NEXT Holdings to create innovative customer experiences, leveraging VTubers and voice actors to boost fan engagement and foot traffic at retail stores.

Lazydays Holdings, Inc. (GORV)
Lazydays Holdings, Inc. saw its stock skyrocket by 54.84% today, ranking fourth in the penny stock market. The stock reached an intraday high of 0.439 before closing at 0.288. As a key player in the specialty retail industry, Lazydays' recent market surge is attributed to strategic moves made by the company. Reports indicate that Lazydays successfully completed its rights offering on February 12, 2025, raising significant capital for corporate purposes, including debt repayment. Furthermore, on May 15, 2025, analysts say Lazydays' announcement of narrowing net losses and plans for store expansion contributed to the stock's impressive performance.

Rapt Therapeutics, Inc. (RAPT)
Rapt Therapeutics, Inc., a pharmaceutical company, witnessed a remarkable 43.36% increase in its stock price today, ranking 5th among the day's penny stocks. The stock reached an intraday high of $1.235 before closing at $1.23. Recent reports indicate a surge in Rapt Therapeutics' stock on May 22, 2025, following UBS's adjustment of its price target from $2 to $1 on May 22, and H.C. Wainwright's initiation of coverage with a Buy rating and a target of $6 on May 23, 2025.

Top Decliners
Golden Heaven Group Holdings Ltd. (GDHG)
Golden Heaven Group Holdings Ltd., a key player in the hotels, restaurants, and leisure industry, saw its stock plummet by a staggering 59.35% today, marking the steepest decline in the penny stock market. The stock hit an intraday low of $1.53 before closing at $1.87. Reports indicate that the company announced a 25 for 1 share consolidation on May 6, 2025, leading to significant investor concern regarding the future liquidity and market perception of the stock.

Utime Limited (WTO)
Utime Limited, a player in the computer and peripheral equipment industry, experienced a substantial stock decline of 38.50% today, ranking it second in today's penny stock market movements. The stock hit an intraday low of 1.126 before closing at 1.15. Recent market activity includes a notable reverse share split that began trading on May 21, 2025, and a $22.5 million private placement announced on May 20, 2025. Reports indicate these developments have contributed significantly to the sharp decrease in Utime's stock price.

Longevity Health Holdings, Inc. (XAGE)
Today, Longevity Health Holdings, Inc., a biotechnology company, saw its stock plummet by 31.02%, ranking third in declines among penny stocks, with an intraday low of 2.29 and closing at 2.38. Reports indicate that the company's shares have been impacted by a 1-for-30 reverse stock split announced on May 22, 2025, and concerns over temporary Nasdaq listing status, potentially contributing to today's significant drop.

Polyrizon Ltd. (PLRZ)
Polyrizon Ltd., a development stage biotech company, saw its stock drop by 25.00% today, ranking fourth in the penny stock market decline. The stock hit an intraday low and closed at $0.003. Reports indicate that Polyrizon received a Nasdaq delisting notice on May 20, 2025, due to shareholder dilution concerns related to Series A warrants. Analysts say this news has significantly impacted the stock's performance today.