5 High-Flying Penny Stocks to Buy

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1. Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

Number of Hedge Fund Holders: 43

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) is one of the High-Flying Penny Stocks to Buy. On March 12, Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) announced securing a 10-year contract with the Omaha Airport Authority to manage ads at Omaha Eppley Airfield.

​Management noted that this new contract comes as Omaha Eppley Airfield continues its $950 million terminal expansion. As part of the agreement, the company will introduce a reimagined media program to modernize the facility for its 5.2 million annual passengers. The company also highlighted that the extended partnership comes after a competitive bid process and builds on the company’s 16 years of partnership.

​As part of the partnership, Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) has also announced to commit $1 million for a next-generation program that matches the terminal’s design and boosts passenger engagement. The program is expected to roll out in phases starting in 2027 and coincides with the opening of the new terminal.

​Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) leads the out-of-home advertising sector, delivering displays like billboards and digital screens in high-traffic spots to connect advertisers with mass audiences.

While we acknowledge the potential of CCO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CCO and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading Into 2026 and 10 Unstoppable Stocks That Could Double Your Money.

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