5 Best Stocks Under $10 To Buy Now

2. Transocean Ltd (NYSE:RIG)

Share Price as of March 16: $5.77

Number of Hedge Fund Holders: 41

Transocean Ltd (NYSE:RIG) is a Swiss oil and gas drilling company. As of March 16, the stock has gained 91.50% over the past 6 months. This February, Barclays updated its price target on Transocean Ltd (NYSE:RIG) to $6 from $7 and maintained an Equal Weight rating on the shares.

At the end of Q4 2022, 41 hedge funds were eager on Transocean Ltd (NYSE:RIG) and disclosed positions worth $696.4 million in the company. This is compared to 36 positions in the previous quarter with stakes worth $302.1 million. The hedge fund sentiment for this stock is positive. Transocean Ltd (NYSE:RIG) is placed second among the best $10 stocks to buy now according to hedge funds.

As of December 31, D E Shaw is the leading investor in Transocean Ltd (NYSE:RIG) and has a position worth $159.15 million in the company.

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