5 Best Most Active Stocks to Buy Now

3. Amazon.com, Inc. (NASDAQ:AMZN)

Average 3-month Volume: 62.38 million

Number of Hedge Fund Holders: 243

Amazon.com, Inc. (NASDAQ:AMZN), is a multinational technology company operating online and physical stores where it sells its own products as well as allows third-party sellers to sell their products to consumers. It manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, and Ring, and develops and produces media content; and provides cloud computing services through Amazon Web Services platform.

On April 27, Amazon.com, Inc. (NASDAQ:AMZN) released its financial results for Q1 2023. Its revenue increased by 9% y-o-y to $127.4 billion which translated to a net income of $3.2 billion compared to a net loss of $3.8 billion in Q1 2022.

Ranked 3rd on our list of 13 best most active stocks to buy now, Amazon.com, Inc. (NASDAQ:AMZN) is also highly sought after by hedge funds with 243 out of the 943 hedge funds tracked by Insider Monkey hold its shares with a total value of $25.8 billion.