5 New Reddit WallStreetBets Stocks On the Rise

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1. Vallon Pharmaceuticals, Inc. (NASDAQ: VLON)

Number of Hedge Fund Holders: 1 

Percentage Gain in Past Five Days: 55.48%

Vallon Pharmaceuticals, Inc. (NASDAQ: VLON) is ranked first on our list of 10 new Reddit WallStreetBets stocks on the rise. The firm makes and sells biopharmaceutical products and is headquartered in Pennsylvania. 

On July 13, Vallon Pharmaceuticals, Inc. (NASDAQ: VLON) reported that it had secured a patent from authorities in Europe covering ADAIR, the proprietary abuse-deterrent formulation of immediate-release dextroamphetamine being developed by the firm. 

At the end of the second quarter of 2021, 1 hedge fund in the database of Insider Monkey held stakes worth $761,000 in Vallon Pharmaceuticals, Inc. (NASDAQ: VLON), down from 3 in the preceding quarter worth $876,000. 

You can also take a peek at 10 Reddit’s WallStreetBets Meme Stocks Hedge Funds are Piling Into and 10 Biggest Hedge Fund Casualties of Reddit WallStreetBets’ Short Squeezes.

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