5 Best Stocks For Day Trading

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In this article, we discuss the 5 best stocks for day trading. If you want to read our detailed analysis of these stocks, go directly to the 10 Best Stocks For Day Trading.

5. Meten Holding Group Ltd. (NASDAQ:METX)

Number of Hedge Fund Holders: 3  

52-Week Range: $0.28-$4.27 

As education stocks in China deal with a government crackdown, Meten Holding Group Ltd. (NASDAQ:METX), one such firm, has pivoted to the crypto business. In late October, the share price of the firm jumped by more than 13% after it announced that it had signed a deal with AGM, a fintech firm, to speed up the blockchain and crypto mining business of the former. Meten has also ordered some crypto mining machines from AGM as part of the agreement. 

In early September, Meten Holding Group Ltd. (NASDAQ:METX) had priced a $60 million stock offering. The firm planned to offer 200 million ordinary shares at $0.30 per share, saying it would use the proceeds for capital expenditure and general corporate purposes. 

At the end of the second quarter of 2021, 3 hedge funds in the database of Insider Monkey held stakes worth $1 million in Meten Holding Group Ltd. (NASDAQ:METX), up from 2 in the previous quarter worth $772,000.

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies is a leading shareholder in Meten Holding Group Ltd. (NASDAQ:METX) with 162,700 shares worth more than $158,000.