5 Most Buzzing Stocks to Buy Now

In this article, we will look at the 5 most buzzing stocks to buy now. If you want to explore similar stocks that have been ‘buzzing’ lately, you can read 10 Most Buzzing Stocks to Buy Now.

5. Itaú Unibanco Holding S.A. (NYSE:ITUB)

Volume as of September 28: 62.4 Million

Average Volume (3-Month): 41 Million

Number of Hedge Fund Holders: 11

Itaú Unibanco Holding S.A. (NYSE:ITUB) is a Brazilian bank with operations in over 18 countries. The stock has been buzzing and as of September 28, Itaú Unibanco Holding S.A. (NYSE:ITUB) has an intraday volume of 62.4 million and an average 3-month volume of 41 million. On September 28, Goldman Sachs analyst Tito Labarta upgraded Itaú Unibanco Holding S.A. (NYSE:ITUB) to Buy from Neutral and raised his price target to $7 from $5.40. The analyst likes the company’s “resilient” asset quality, diversified operations, and “superior” profitability.

On August 8, Itaú Unibanco Holding S.A. (NYSE:ITUB) announced earnings for the fiscal second quarter of 2022. The company reported earnings per share of $0.15 and generated a revenue of $6.89 billion, up 16.26% year over year and ahead of estimates by $804.6 million. As of September 28, the stock has gained 37.5% year to date.

At the end of the second quarter of 2022, 11 hedge funds held stakes in Itaú Unibanco Holding S.A. (NYSE:ITUB). The total value of these stakes amounted to $397.5 million. As of June 30, Orbis Investment Management is the largest shareholder in Itaú Unibanco Holding S.A. (NYSE:ITUB) and has stakes worth $127.7 million in the company.