5 Most Volatile Stocks Under $5 For Day Trading

2. Independence Contract Drilling, Inc. (NYSE:ICD)

Latest Beta Reading: 4.93

Number of Hedge Fund Investors In Q3 2023: 8

Independence Contract Drilling, Inc. (NYSE:ICD) is a Houston, Texas based contract drilling company. It serves the needs of the oil industry and engages in offshore oil drilling. Out of its last four quarters, the firm has beaten analyst EPS estimates in three.

Insider Monkey dug through 910 hedge funds for their shareholdings during this year’s third quarter and found eight had invested in the company. Independence Contract Drilling, Inc. (NYSE:ICD)’s largest hedge fund investor in our database is Marc Lisker, Glenn Fuhrman, and John Phelan’s MSDC Management due to its $5.1 million investment.

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