In this article, we will discuss the 5 best Robinhood stocks to buy right now. If you want to read our comprehensive analysis about these companies, go directly to the 10 Best Robinhood Stocks to Buy Right Now.
5. GameStop Corp. (NYSE: GME)
Number of Hedge Fund Holders: 27
GameStop Corp. (NYSE: GME) is a Texas-based retail firm that sells video games, consumer electronics, and gaming merchandise. It was founded in 1984 and is ranked fifth on our list of 10 best Robinhood stocks to buy right now. The company owns and runs more than 4,800 stores globally and also operates e-commerce platforms. The 52-week price range of GameStop stock is between $3-$483, the highs registered at the beginning of this year as retail investors drove the share price up by purchasing stakes in the firm through social media coordination.
On April 27, GameStop Corp. (NYSE: GME) shares jumped by more than 10% as the firm announced that it had completed a market offering and raised more than $500 million to support an expansion into the e-commerce sector.
Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Melvin Capital Management is a leading shareholder in the firm with 6 million shares worth more than $113 million.