5 Reddit WallStreetBets Stocks That are Rising

4. McAfee Corp. (NASDAQ: MCFE)

Number of Hedge Fund Holders: 17

Percentage Gain in Last Five Days: 13.52%      

McAfee Corp. (NASDAQ: MCFE) is a software firm that provides cybersecurity solutions. It is placed fourth on our list of 10 Reddit WallStreetBets stocks that are rising. The company is headquartered in California. In earnings results for the first quarter, posted on May 4, the company reported earnings per share of $0.44, beating market estimates by $0.08. The revenue over the period was $773 million, up 12% compared to the revenue over the same period last year and beating predictions by $40 million. 

On June 17, investment advisory Mizuho reiterated a Buy rating on McAfee Corp. (NASDAQ: MCFE) stock and raised the price target to $30 from $28, cites recent appreciation of comp multiples as the reason behind the ratings update. 

At the end of the first quarter of 2021, 17 hedge funds in the database of Insider Monkey held stakes worth $174 million in McAfee Corp. (NASDAQ: MCFE), down from 20 in the previous quarter worth $257 million.