5 New Reddit WallStreetBets Stocks On the Rise

4. Dynavax Technologies Corporation (NASDAQ: DVAX)

Number of Hedge Fund Holders: 15    

Percentage Gain in Past Five Days: 30.87% 

Dynavax Technologies Corporation (NASDAQ: DVAX) is a California-based biopharmaceutical company. It is placed fourth on our list of 10 new Reddit WallStreetBets stocks on the rise.

On August 31, investment advisory HC Wainwright maintained a Buy rating on Dynavax Technologies Corporation (NASDAQ: DVAX) stock and raised the price target to $23 from $20, noting the revenue the firm generated from COVID vaccines could be higher than expected. 

At the end of the second quarter of 2021, 15 hedge funds in the database of Insider Monkey held stakes worth $101 million in Dynavax Technologies Corporation (NASDAQ: DVAX), up from 14 in the previous quarter worth $81 million.