5 Best Most Active Stocks To Buy Now

In this article, we will discuss the 5 best most active stocks to buy now. If you want to explore similar stocks, you can also take a look at 14 Best Most Active Stocks To Buy Now.

5. NVIDIA Corporation (NASDAQ:NVDA)

Volume as of October 10: 68.9 Million

Average Volume (3-Month): 56.2 Million

Number of Hedge Fund Holders: 84

On September 20, NVIDIA Corporation (NASDAQ:NVDA) launched the GeForce RTX 40 Series of GPUs. The company has launched a compelling suite of products and has been attracting a lot of attention on Wall Street. As of October 10, NVIDIA Corporation (NASDAQ:NVDA) has an intraday trading volume of 68.9 million and an average volume of 56.2 million. The stock is one of the best most active stocks to invest in.

This September, Susquehanna analyst Christopher Rolland revised his price target on NVIDIA Corporation (NASDAQ:NVDA) to $190 from $200 and maintained a Positive rating on the shares. On September 21, Morgan Stanley analyst Joseph Moore reiterated his Equal Weight rating and $182 price target on NVIDIA Corporation (NASDAQ:NVDA).

At the close of Q2 2022, 84 hedge funds held stakes in NVIDIA Corporation (NASDAQ:NVDA). The total value of these stakes amounted to $3.31 billion. As of June 30, Fisher Asset Management is the largest shareholder in NVIDIA Corporation (NASDAQ:NVDA) and has stakes worth $1.15 billion in the company.

Here is what Baron Funds had to say about NVIDIA Corporation (NASDAQ:NVDA) in its second-quarter 2022 investor letter:

“At the company-specific level, there was a broad correction across the entire portfolio. While four of our holdings contributed to performance, the contribution to absolute returns was less than 100bps combined, as unfortunately none of them were large enough to move the needle. We had 16 investments detracting over 100bps each with NVIDIA (NASDAQ:NVDA), our second largest detractor, costing the Fund 254bps.

NVIDIA’s stock was hit even harder, down 44.4%, impacted by concerns over the health of the consumer, dramatic declines in crypto, and COVID-related lockdowns in China. Despite the sell-off and the increased near-term volatility in its gaming business, NVIDIA’s revenues grew 46% year-over-year with 48% operating margins, driven by continued strength in its data center business as companies across industries adopt AI and ML…” (Click here to see the full text)