Investors are are on the hunt for undervalued, underfollowed and emerging stocks to spot opportunity. The rise of social media and the retail trader gave way to countless methods to uncover new information. For some, this is overwhelming. Benzinga's Moneymaker Index uses a combination of proprietary data and pattern recognition to bring you five stocks each week that are just under the surface and warrant your attention.
The index layers editorial commentary to help you make sense of why these stocks are of interest and whether they broach an area you should be watching as an investor and casual reader.
Here is the inaugural Benzinga Moneymaker Index for the week of Dec. 1, 2022.
A total of 98% of the shares were redeemed at merger. Shares traded significantly higher around Grindr’s debut before falling. Until share unlocks, the company could see volatility spikes on any positive momentum and the stock will likely see strong mentions on social media.
Multiple analysts were out with lower price targets Thursday after the company’s report. Snowflake shares have fallen 56% in the last year and now sit around $150. The company previously saw shares rise to around the $400 level in both 2020 and 2021.
That’s it for this first edition of the Benzinga Moneymaker Index. The five stocks mentioned above all saw a large amount of volume across Benzinga over the last week. Stay tuned for next week’s report and follow along with Benzinga Pro for all the latest headlines and top market moving stories here.
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