In this article we discuss the 5 best undervalued stocks to buy now according to Reddit. If you want to read our detailed analysis of these companies, go directly to the 10 Best Undervalued Stocks to Buy Now According to Reddit.
Best Undervalued Stocks to Buy Now
5. Merck & Co., Inc. (NYSE: MRK)
Number of Hedge Fund Holders: 82
Merck & Co., Inc. (NYSE: MRK) is a New Jersey-based multinational pharmaceutical company. It was founded in 1891 and is placed fifth on our list of 10 best undervalued stocks to buy now according to Reddit. Merck stock has returned more than 7% to investors over the past three months. The company offers products for oncology, hospital acute care, immunology, neuroscience, virology, cardiovascular, and diabetes, among others. The company also has agreements to develop treatments for HIV in collaboration with other pharma companies.
On May 20, investment advisory Argus downgraded Merck & Co., Inc. (NYSE: MRK) stock to Hold from Buy on the back of next month’s spinoff of the Organon division of the firm and the effect it might have on the bottom line.
Out of the hedge funds being tracked by Insider Monkey, Nebraska-based investment firm Berkshire Hathaway is a leading shareholder in Merck & Co., Inc. (NYSE: MRK) with 17 million shares worth more than $1.3 billion.