5 Best Hemp Stocks to Buy Now

3. Arena Pharmaceuticals, Inc (NASDAQ:ARNA)

No of HFs: 43

Total Value of HF Holdings: $989 Million

ARNA is the 3rd best hemp stock to buy now. The top hedge fund holder of this stock is Kurt Von Emster’s VenBio Select Advisor which had $231 invested in the stock at the end of September. An insider recently purchased 5 shares at around $69 in December 2020. The stock is up 15% since then. ARNA is known for its novel medicines with pharmacology and pharmacokinetics. On February 2, 2021, EVP, Chief Commercial Officer of ARNA sold 17,500 shares of ARNA at an average price of $78.87 per share. The total sale was $1.4 million.