5 Popular Stocks Reddit’s WallStreetBets is Talking About Today

3. MicroVision, Inc. (NASDAQ: MVIS)

Number of hedge fund holders: 12 

MicroVision, Inc. (NASDAQ: MVIS) is a Washington-based technology company founded in 1993. It is ranked third on our list of 10 popular stocks Reddit’s WallStreetBets is talking about today. The company stock has offered an astonishing 1,518% return to investors over the past year. The firm primarily focuses on the development of laser technology for projection, 3D sensing, and image capture, among other uses. It also develops products that support augmented reality headsets. 

In earnings results for the first three months of 2021, posted in late April, MicroVision, Inc. (NASDAQ: MVIS)  reported earnings per share of -$0.04, missing market estimates by $0.01. The revenue over the period was $0.5 million. 

Out of the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in MicroVision, Inc. (NASDAQ: MVIS) with 1.2 million shares worth more than $32 million.