13 Most Promising Penny Stocks Under $5

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2. Alight Inc. (NYSE:ALIT)

Share Price as of August 15: $3.67

Number of Hedge Fund Holders: 41

Alight Inc. (NYSE:ALIT) is one of the most promising penny stocks under $5. On July 28, Alight announced the second major release of Alight Worklife for the year. This update introduces AI-powered enhancements, deeper integrations, and greater personalization to simplify benefits management for employees and reduce complexity for HR teams.

The latest release includes enhancements across 5 key areas: health, leaves, wealth, support, and wellbeing. A 2024 Forrester study found a 112% ROI for a global company using Alight Worklife. New self-service tools and AI integrations streamline benefits access. AI-generated summaries provide faster, more relevant responses to employee queries, reducing time spent on administrative tasks.

An expanded programs library now offers access to over 425 benefits program pages, with more than 100 new detail pages added. Additionally, a Smart-Choice Accounts digital wallet integration allows for secure, contactless payments using Apple Pay and Google Wallet.

Alight Inc. (NYSE:ALIT) is a technology-enabled services company that provides Alight Worklife, which is an intuitive and cloud-based employee engagement platform.

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