5 Best Growth Stocks Under $10

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In this article, we discuss the 5 best growth stocks under $10. If you want to read our detailed analysis of these stocks, go directly to the 10 Best Growth Stocks Under $10.

5. Aurora Cannabis Inc. (NASDAQ: ACB)

Number of Hedge Fund Holders: 12    

Price as of July 21, 2021: $7.32 per share 

Aurora Cannabis Inc. (NASDAQ: ACB) is a Canadian company that makes and sells cannabis products. It is ranked fifth on our list of 10 best growth stocks under $10. On July 15, the firm delivered one of the largest shipments of cannabis to Israel, marking an important milestone for cannabis firms in the US that are keen to expand their business to markets outside the country. The firm delivered  cannabis products worth C$8 million to Israel. In June, investment advisory Cantor Fitzgerald had backed the stock to benefit from reopening of stores after lockdowns.

On May 14, investment advisory Alliance Global told investors that the selloff of cannabis stocks was a buying opportunity. Aurora Cannabis Inc. (NASDAQ: ACB), one of the leading cannabis stocks, could gain from the growth catalysts for the industry identified by Alliance Global that include federal cannabis reform and adult-use sales.

At the end of the first quarter of 2021, 12 hedge funds in the database of Insider Monkey held stakes worth $488 million in Aurora Cannabis Inc. (NASDAQ: ACB), up from 10 the preceding quarter worth $146 million.

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