5 Cheap Rising Stocks to Buy

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1. Moderna, Inc. (NASDAQ:MRNA)

Number of Hedge Fund Holders: 52

Ranking 1st in our list of the cheap rising stocks is famous vaccine maker Moderna, Inc. (NASDAQ:MRNA). Over the past 30 days, the stock has gained about 10.7% through mid-day trading of April 4. Moderna, Inc. (NASDAQ:MRNA) is a highly popular stock among elite hedge funds. Insider Monkey data shows that 52 hedge funds had stakes in the company as of the end of the last quarter of 2022, up from 44 hedge funds in the previous quarter. The most significant stakeholder of Moderna, Inc. (NASDAQ:MRNA) during this period was Philippe Laffont’s Coatue Management which had a $1.1 billion stake in the company.

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