These Stocks Under $5 Are Poised To Explode

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1. California Resources Corp (NYSE:CRC)

Investors with Long Positions (as of June 30): 37

Aggregate Value of Investors’ Holdings (as of June 30): $703.87 Million

California Resources Corp (NYSE:CRC) received quite a lot of attention from the hedge funds observed by our team during the second quarter, as the number of top money managers with stakes in the stock increased by six quarter-over-quarter. It is also worth pointing out that these hedge funds stockpiled slightly more than 30% of the energy company’s outstanding shares on June 30. The stock lost 57% during the third quarter, but has gained more than 56% since the end of that quarter. The oil and gas exploration and production company is set to reveal its third quarter earnings report after the market close on November 5, which will disclose the information needed to assess the future potential of the company. George Soros’ Soros Fund Management owned 8.20 million shares of California Resources Corp (NYSE:CRC) at the end of the June quarter.

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Disclosure: None

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