5 Great Stocks Under $10 You Can Buy Right Now
In most stock market environments, it can be a struggle to find decent investment opportunities with single-digit share prices. However, that isn't the case right now.
The short explanation of why is the abundance of special purpose acquisition companies, or SPACs, that have gone public in the past year or so. There have literally been hundreds of these blank check companies -- many have taken businesses public and many are still looking for targets. The most common starting share price for a SPAC is $10. And thanks to the cooling off of the SPAC boom we saw earlier this year, many interesting investment opportunities are trading for significantly less than this amount.
With that in mind, here are five stocks that are products of the 2020-2021 SPAC boom that are all trading for less than their initial $10 price tag and could be worth a closer look right now.
Source Fool.com
