5 Penny Stocks Most Popular on Reddit and Robinhood

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1. Arbutus Biopharma Corporation (NASDAQ:ABUS)

Number of Hedge Fund Holders: 13    

Arbutus Biopharma Corporation (NASDAQ:ABUS) is a biopharma firm based in Pennsylvania. The company recently won a patent dispute against drug giant Moderna, leading to a 40% boost to the share price.  

On December 2, investment advisory Chardan reiterated a Buy rating on Arbutus Biopharma Corporation (NASDAQ:ABUS) stock and raised the price target to $5.5 from $5. Keay Nakae, an analyst at the firm, issued the ratings update. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Hudson Bay Capital Management is a leading shareholder in Arbutus Biopharma Corporation (NASDAQ:ABUS) with 1.8 million shares worth more than $7.7 million. 

You can also take a peek at 10 Companies that Benefit From Crypto Mining and 12 Best Artificial Intelligence Stocks To Invest In Right Now.

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