10 Best Stocks Under $10 to Buy Now

4. Amcor plc (NYSE:AMCR)

Share Price: $9.71

Number of Hedge Fund Holders: 29

Amcor plc (NYSE:AMCR) is a global packaging company that develops and produces packaging solutions for food, beverage, pharmaceutical, medical, home and personal care, and other products. The company offers a variety of differentiating flexible and rigid packaging, specialty cartons, closures, and related services. Amcor plc (NYSE:AMCR) has operations in 40 countries. AMCR ranks among the best stocks under $10 to buy.

In November 2024, the company announced its agreement to merge with Berry Global to create a global leader in consumer and healthcare packaging solutions. The transaction will strengthen Amcor plc’s (NYSE:AMCR) capabilities in high-growth, high-value categories, such as healthcare, protein, pet food, liquids, beauty and personal care, and food service. The combined company will benefit from a broader product portfolio and enhanced innovation capabilities. Amcor plc (NYSE:AMCR) noted that this move is expected to generate $650 million in annual synergies and drive faster growth. On March 11, Amcor plc (NYSE:AMCR) announced it received US antitrust clearance and the transaction is on track to close by mid-2025.