5 Best Performing Stocks in the Last 6 Months

3. MoonLake Immunotherapeutics (NASDAQ:MLTX)

6-Month Share Price Gains as of August 15: 229.84%

Number of Hedge Fund Holders: 16

Next on the list of best performing stocks is MoonLake Immunotherapeutics (NASDAQ:MLTX), a biopharmaceutical company currently in the clinical stage, which is involved in the development of therapeutic treatments. The company is actively working on the development of Sonelokimab, an innovative nanobody under investigation for the treatment of inflammatory diseases. On August 10, MoonLake Immunotherapeutics (NASDAQ:MLTX) reported a Q2 GAAP EPS of -$0.23, outperforming Wall Street estimates by $0.02.

According to Insider Monkey’s first quarter database, 16 hedge funds were bullish on MoonLake Immunotherapeutics (NASDAQ:MLTX). This number increased from the last quarter when 12 hedge funds held the stock.

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