The proliferation of pump and dump schemes has accelerated the growth of the phenomenon. This is a global phenomenon that is not confined to the United States. In Singapore, police warned traders of a “resurgence” following the loss of more than $1 million by seven people. The United States Department of Justice has issued an arrest warrant for Frederick Sharp, who is accused of illegally selling $1 billion worth of goods. Certain astute investing techniques can help you profit handsomely from meme stocks.
Here is Insider Monkey’s list of 10 Reddit Stocks Hedge Funds Like. Workhorse Group Inc. ranks tenth on the list of the ten most popular Reddit stocks among hedge funds. The company is based in Ohio and provides technology solutions. Virgin Galactic Holdings, Inc. is ranked ninth on the list of the ten most popular Reddit stocks among hedge funds. The company is based in New Mexico and specializes in human spaceflight and aerospace. Citadel Investment Group is a significant shareholder, owning more than 4.5 million shares valued at more than $209 million. GameStop Corp. is a retailer of entertainment and video game products headquartered in Texas. It is ranked eighth on list of the top ten Reddit stocks preferred by hedge funds. Citadel Investment Group is the company’s largest shareholder, owning more than 2.7 million shares valued at more than $595 million. UWM Holdings Corporation is a residential mortgage lender based in Michigan. It is ranked seventh on the list of the top ten Reddit stocks preferred by hedge funds. At the end of the second quarter of 2021, 20 hedge funds in Insider Monkey’s database held stakes in the company totaling $66 million. Skizz Inc. is ranked sixth on the list of the top ten Reddit stocks preferred by hedge funds. The firm operates as a technology company out of California. Canaccord retained a Buy rating on Skillz Inc. but reduced its price target to $23 from $30. For more details, click 10 Reddit Stocks Hedge Funds Like.
Unsplash
