5 Trending Stocks on Reddit

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In this article, we discuss the 5 trending stocks on Reddit. If you want to read our detailed analysis of these stocks, go directly to the 10 Trending Stocks on Reddit.

5. Novavax, Inc. (NASDAQ: NVAX)

Number of Hedge Fund Holders: 37    

Novavax, Inc. (NASDAQ: NVAX) is ranked fifth on our list of 10 trending stocks on Reddit. The firm operates as a biotechnology company focused on vaccine development. It operates from Maryland. 

On June 15, investment advisory Cantor Fitzgerald kept an Overweight rating on Novavax, Inc. (NASDAQ: NVAX) stock and raised the price target to $272 from $217, noting the progress of pipeline drugs for the firm. 

At the end of the second quarter of 2021, 37 hedge funds in the database of Insider Monkey held stakes worth 1.1 billion in Novavax, Inc. (NASDAQ: NVAX), down from 38 in the previous quarter worth $1.2 billion.

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