Here’s Why These Five Stocks Are Trading Higher Today

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Wave Life Sciences Ltd (NASDAQ:WVE) stock has surged by 15% as it is keeping up its momentum and is already almost 200% up from its bottom of $9 in the first quarter of the year. The main point driving the stock price higher is the company’s potential filing of INDs for Huntington’s disease program later this year. Six hedge funds we track hold about $194 million of Wave Life Sciences shares as on the end of June quarter, up from five funds holding $128 million worth of stock a quarter earlier.

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Facebook Inc (NASDAQ:FB) stock inched up by 0.13% amid news of growth in the number of advertisers on its Instagram platform. The platform now has 500,000 advertisers, up from 200,000 it had at the end of February. A total of 148 investors we track hold about $15.24 billion worth of Facebook stock as of the end of June, down from 164 funds with stakes worth $14.53 billion in aggregate. Facebook Inc (NASDAQ:FB) ranked as the most popular stock among the funds we track at the end of the last quarter.

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