5 Reddit WallStreetBets Stocks That are Rising

2. Veoneer, Inc. (NYSE: VNE)

Number of Hedge Fund Holders: 13 

Percentage Gain in Last Five Days: 23.74% 

Veoneer, Inc. (NYSE: VNE) is placed second on our list of 10 Reddit WallStreetBets stocks that are rising. The company operates from Sweden and makes and sells automotive safety electronics. In earnings results for the second quarter, posted on July 23, the firm reported earnings per share of -$0.89, in line with market expectations. The revenue over the period was close to $400 million, up 116% year-on-year. The stock has been surging since late July amid reports of a buyout deal involving Manga International. 

On August 1, investment advisory Evercore upgraded Veoneer, Inc. (NYSE: VNE) stock to In Line from Underperform with a price target of $31.25, noting that there was an all-cash takeover bid on the table regarding the firm. 

Out of the hedge funds being tracked by Insider Monkey, Sweden-based investment firm Cevian Capital is a leading shareholder in Veoneer, Inc. (NYSE: VNE) with 8 million shares worth more than $196 million.