These 10 Stocks Posted Double-, Triple-Digit Gains Last Week

1. Regencell Bioscience Holdings Limited (NASDAQ:RGC)

Regencell spiked up by 207 percent week-on-week to close at $12.62 on Friday following a share buyback from another shareholder.

For the week alone, RGC registered gains as high as 242 percent after finishing at $14.09 on Thursday.

According to the company, its CEO Yat-Gai Au personally financed a share buyback program of 652,000 RGC shares from investment company Digital Mobile Venture.

The company snapped up more than $6.2 million of shares at an average price of $9.5 apiece. Following the acquisition, Au owned a little over 11 million shares, representing 86 percent of the company.

RGC is a biotech company that’s on a mission to commercialize traditional Chinese medicine for ADHD treatment, a subject that hits close to home for Au.

While we acknowledge the potential of RGC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as RGC but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.