These are the 10 most popular actions on Reddit’s WallStreetBets forum
- Reddit’s WallStreetBets forum hit the mainstream during the GameStop craze in January.
- Piloting 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.
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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 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% take-out in 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.
WallStreetBet mentions in the last 24 hours: 150
Market capitalization: $ 37.9 billion
Weekly return: 1.4%
WallStreetBet mentions in last 24 hours: 152
Market capitalization: $ 2.5 trillion
Weekly return: -0.2%
8. AMC Entertainment
WallStreetBet mentions in the last 24 hours: 172
Market capitalization: $ 15.7 billion
Weekly return: 24.6%
7. Cassava science
WallStreetBet mentions in the last 24 hours: 183
Market capitalization: $ 1.8 billion
Return over one week: -5.8%
WallStreetBet mentions in the last 24 hours: 193
Market capitalization: $ 5.3 billion
Weekly return: 7.6%
5. Stopping the game
WallStreetBet mentions in the last 24 hours: 196
Market capitalization: $ 12.0 billion
Weekly return: 6.8%
WallStreetBet mentions in the last 24 hours: 240
Market capitalization: $ 2.83 trillion
Weekly return: -1.0%
WallStreetBets mentions in the last 24 hours: 256
Market capitalization: $ 101.4 billion
Weekly return: 8.9%
WallStreetBet mentions in the last 24 hours: 300
Market capitalization: $ 720.0 billion
Weekly return: 1.5%
WallStreetBet mentions in the last 24 hours: 580
Market capitalization: $ 937.2 billion
Weekly return: -2.8%