These are the 10 most discussed stocks on Reddit’s WallStreetBets forum
Matthew Renard
- Reddit’s WallStreetBets forum entered the mainstream in early 2021 during the GameStop craze.
- Leading stocks like GameStop and AMC, the retail investors who congregate on the subreddit are a force in the stock market.
- These are the 10 most popular stocks that WallStreetBets is talking about right now.
- Sign up for our daily newsletter here, 10 things before the opening bell.
After which the stocks that Reddit’s WallStreetBets crowd are talking about saw huge payoffs in 2021, as several have gone through epic rallies and seen increased volatility.
From GameStop to AMC Entertainment, the over 11 million-member forum has fueled the conversation about so-called stock memes that have exploded higher amid overwhelming demand from retail investors. The surge in stocks with weak fundamentals led to several hedge fund explosions which were taken on the opposite side of the trade bet against the company in question.
GameStop’s short-squeeze, partly mob-led by WallStreetBets, led to a more than 50% withdrawal from multibillion-dollar hedge fund Melvin Capital. Meanwhile, the strong recovery of ailing movie theater chain AMC Entertainment caused billions of dollars in losses for short sellers in May and June.
But since those short-squeezes caused the destruction of some short sellers, shares of GameStop and AMC Entertainment have fallen about 60% from their record highs as investors begin to grapple with the backdrop. fundamental behind the companies.
As traders seek to replicate the success of WallStreetBets stocks, a data aggregator is compiling the stocks most mentioned on the Reddit forum.
These are the top 10 stocks that Reddit’s WallStreetBets forum is currently focusing on, according to data compiled by SwaggyStocks. The list is based on mentions for the past 24 hours and financial data is sourced from Koyfin.
10. Advanced micro devices
Symbol: AMD
WallStreetBets mentions in the last 24 hours: 172
Market capitalization: $ 167.4 billion
Weekly return: -4.0%
AMD is a leader in the CPU market. Maximum PC Magazine / Getty Images
9. Robinhood
Symbol: HOOD
WallStreetBet mentions in the last 24 hours: 184
Market capitalization: $ 14.5 billion
Return over one week: -4.1%
A pop-up kiosk for Robinhood along Wall Street after the company went public. Spencer Platt / Getty Images
8. Microsoft
Symbol: MSFT
WallStreetBet mentions in the last 24 hours: 209
Market capitalization: $ 2.37 trillion
Return over one week: -3.9%
Microsoft General Counsel Brad Smith, CEO Satya Nadella, Executive Vice President and CFO Amy Hood and Chairman of the Board John Thompson. Stephen Brashear / Stringer
7. Apple
Mnemonic: AAPL
WallStreetBet mentions in the last 24 hours: 220
Market capitalization: $ 2.87 trillion
Weekly return: -2.7%
An Apple store. Spencer Platt / Getty Images
6. Lucid
Symbol: LCID
WallStreetBet mentions in the last 24 hours: 233
Market capitalization: $ 72.5 billion
Weekly return: 12.2%
5. Palantir
Symbol: PLTR
WallStreetBet mentions in the last 24 hours: 236
Market capitalization: $ 34.1 billion
Return over one week: -5.6%
Palantir logo on the New York Stock Exchange. Noam Galai / Getty Images
4. Tilray
Symbol: TLRY
WallStreetBet mentions in the last 24 hours: 268
Market capitalization: $ 3.5 billion
Weekly return: 3.7%
A worker takes care of the cannabis plants. Tilray
3. Nvidia
Symbol: NVDA
WallStreetBet mentions in the last 24 hours: 366
Market capitalization: $ 698.6 billion
Return over one week: -4.5%
Nvidia Headquarters in Santa Clara, CA Justin Sullivan / Getty Images
2. GameStop
Symbol: GME
WallStreetBet mentions in the last 24 hours: 579
Market capitalization: $ 10.0 billion
Return over one week: -11.9%
1. Tesla
Symbol: TSLA
WallStreetBet mentions in the last 24 hours: 1,060
Market capitalization: $ 1.07 trillion
Weekly return: -7.0%
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