5 Reddit Stocks that Tripled in 2021

4. Weatherford International plc (NASDAQ:WFRD)

Number of Hedge Fund Holders: 9

Year-To-Date Gain: 383%     

Weatherford International plc (NASDAQ:WFRD) is a Texas-based oil and gas firm. The company beat market expectations on earnings per share and revenue for the third quarter by $0.52 and $16 million respectively. 

Weatherford International plc (NASDAQ:WFRD) recently announced that it had been awarded two contracts worth more than $1 billion by the Abu Dhabi National Oil Company. The contracts are for downhole completions equipment and liner hanger systems.

At the end of the third quarter of 2021, 9 hedge funds in the database of Insider Monkey held stakes worth $258.3 million in Weatherford International plc (NASDAQ:WFRD), up from 6 in the preceding quarter worth $258.9 million.