5 Top Robinhood Stocks Popular on Reddit

2. Applied Genetic Technologies Corporation (NASDAQ: AGTC)

Number of Hedge Fund Holders: 13  

Applied Genetic Technologies Corporation (NASDAQ: AGTC) is a biotechnology company that develops therapies for rare diseases. It is placed second on our list of top Robinhood stocks popular on Reddit. The stock has returned 7% to investors over the course of the past four weeks. Some of the drugs it is working on will treat conditions like advanced retinal disease, retinitis pigmentosa, and others. The firm was founded in 1999 and operates from Florida. It is one of the most popular stocks on Reddit and Robinhood. 

On June 24, Applied Genetic Technologies Corporation (NASDAQ: AGTC) stock jumped more than 6% after the company made public data from the preclinical trials related to the treatment of achromatopsia, a condition manifested by absence of color vision. 

At the end of the first quarter of 2021, 13 hedge funds in the database of Insider Monkey held stakes worth $23 million in Applied Genetic Technologies Corporation (NASDAQ: AGTC), up from 8 in the preceding quarter worth $19 million.