In this piece, we will take a look at five stocks that are about to explode. If you want to take a look at the latest stock market news, then check out 10 Stocks That Are About To Explode.
5. NexPoint Diversified Real Estate Trust (NYSE:NXDT)
Change In Insider Ownership: 121.31%
52-Week Low Price: $9.14
NexPoint Diversified Real Estate Trust (NYSE:NXDT) is a commercial real estate investment trust that invests in a variety of different properties such as retail and industrial properties. Its director James Dondero has been on a share buying spree this year, having bought close to half a million dollars worth of shares with average prices ranging from $9.6 to $15.9.
As of June 2023, 12 out of the 910 hedge funds polled by Insider Monkey were NexPoint Diversified Real Estate Trust (NYSE:NXDT)’s investors. Thomas E. Lynch’s Mill Road Capital Management is the biggest stakeholder, owning $20.9 million worth of stock.
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Follow Nexpoint Diversified Real Estate Trust (TSE:NXDT)
4. Charge Enterprises, Inc. (NASDAQ:CRGE)
Change In Insider Ownership: 150.54%
52-Week Low Price: $0.55
Charge Enterprises, Inc. (NASDAQ:CRGE) is a technology company that provides communications services, electric vehicle charging, and other services. Its president, CEO, CFO, and directors have bought more than $200,000 in stock since February and the average prices range between $0.98 to $1.15.
As of Q2 2023, three out of the 910 hedge funds part of Insider Monkey’s database were Charge Enterprises, Inc. (NASDAQ:CRGE)’s investors.
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3. DISH Network Corporation (NASDAQ:DISH)
Change In Insider Ownership: 246.92%
52-Week Low Price: $5.83
DISH Network Corporation (NASDAQ:DISH) is a satellite entertainment services provider. Its director James DeFranco seems to be in love with the company’s stock, as he has bought close to $23 million in shares since February. The lowest average purchase price is $6 while the highest is $11.46.
By the end of this year’s second quarter, 33 hedge funds out of the 910 polled had bought DISH Network Corporation (NASDAQ:DISH)’s shares. Out of these, the firm’s largest shareholder is Paul Marshall and Ian Wace’s Marshall Wace LLP since it owns 11.3 million shares that are worth $74.5 million.
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Follow Dish Network Corp (NASDAQ:DISH)
2. RE/MAX Holdings, Inc. (NYSE:RMAX)
Change In Insider Ownership: 408.26%
52-Week Low Price: $16.11
RE/MAX Holdings, Inc. (NYSE:RMAX) provides real estate services to a variety of entities. Its only insider investor this year has been minority shareholder Adam Peterson who has invested approximately $2.5 million in the shares at prices ranging from $16.96 to $18.97.
After digging through 910 hedge fund portfolios for 2023’s June quarter, Insider Monkey discovered that seven had owned a stake in the company. RE/MAX Holdings, Inc. (NYSE:RMAX)’s biggest hedge fund investor is Adam Peterson’s Magnolia Capital Fund through a stake worth $50 million.
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Follow Rex Holdings Inc. (NYSE:RMAX)
1. The Joint Corp. (NASDAQ:JYNT)
Change In Insider Ownership: 451.45%
52-Week Low Price: $9.23
The Joint Corp. (NASDAQ:JYNT) is a chiropractic clinic operator. Minority shareholder Bandera Partners has been busy piling into the stock this year, having bought roughly $8 million of stock between February and August end. The lowest average price of the purchases was $9.53 and the highest was $13.10.
As of June 2023, 16 out of the 910 hedge funds profiled by Insider Monkey had held The Joint Corp. (NASDAQ:JYNT)’s shares. is the largest stakeholder among these through a $ investment.
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Follow Joint Corp (NASDAQ:JYNT)
Disclosure: None. You can also take a look at 12 Most Undervalued EV Stocks To Buy According To Hedge Funds and 20 Countries that Drink the Least Beer per Capita.
