These are the 10 most popular actions on Reddit’s WallStreetBets forum
Photographic illustration by Jakub Porzycki / NurPhoto via Getty Images
- Reddit’s WallStreetBets forum hit the mainstream during the GameStop craze in January.
- Leading stocks like GameStop and AMC Entertainment, 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.
After which the actions Reddit’s WallStreetBets crowd is talking about this year paid off, as several went through epic rallies and saw increased volatility.
From GameStop in January to AMC Entertainment in June, the over 11 million-member forum has fueled the conversation about so-called meme stocks that have exploded to the upside amid overwhelming demand from retail investors. The surge in stocks with weak fundamentals led to several hedge fund explosions that were taken on the opposite side of trade betting against the company in question.
GameStop’s short-squeeze, partly led by the WallStreetBets crowd, led to a more than 50% drawdown in multi-billion 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.
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 taken from Koyfin.
10. Palantir
Symbol: PLTR
WallStreetBet mentions in the last 24 hours: 187
Market capitalization: $ 39.1 billion
Weekly return: -4.7%
Photo Alliance / Getty Images
9. Documentary
Symbol: BABA
WallStreetBet mentions in the last 24 hours: 194
Market capitalization: $ 49.0 billion
Return over one week: -40.6%
Igor Golovniov / SOPA Images / LightRocket / Getty Images
8. AMD
Symbol: AMD
WallStreetBet mentions in the last 24 hours: 249
Market capitalization: $ 175.7 billion
Return over one week: -8.7%
Maximum PC Magazine / Getty Images
7. Soft
Symbol: CHWY
WallStreetBet mentions in the last 24 hours: 262
Market capitalization: $ 26.2 billion
Weekly return: -9.9%
Humanitarian Rescue Alliance
6. Intelligence
Symbol: INTC
WallStreetBet mentions in the last 24 hours: 264
Market capitalization: $ 208.0 billion
Weekly return: 7.8%
Nathan Frandino / Reuters
5. Apple
Mnemonic: AAPL
WallStreetBets mentions in the last 24 hours: 310
Market capitalization: $ 2.74 trillion
Weekly return: 3.3%
Spencer Platt / Getty Images
4. Alibaba
Symbol: BABA
WallStreetBet mentions in the last 24 hours: 360
Market capitalization: $ 366.1 billion
Weekly return: -1.2%
Li Qingsheng / VCG via Getty Images
3. Stopping the game
Symbol: GME
WallStreetBet mentions in the last 24 hours: 391
Market capitalization: $ 13.5 billion
Return over one week: -10.5%
SEE press / Getty Images
2. Nvidia
Symbol: NVDA
WallStreetBet mentions in the last 24 hours: 401
Market capitalization: $ 786.0 billion
Performance over one week: -3.57%
Justin Sullivan / Getty Images
1. Tesla
Symbol: TSLA
WallStreetBet mentions in last 24 hours: 1,050
Market capitalization: $ 1.05 trillion
Performance over one week: -8.50%
Associated press
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