ALLIANCE BERNSTEIN: Here are the 12 most crowded US stocks
AllianceBernstein has released a report ranking the most and least crowded global stocks.
Crowding is measured based on institutional ownership, long-term price momentum, analyst sentiment and expectation of future earnings.
"The implications of crowded trades are increased volatility, negatively skewed returns, high pairwise correlations and large drawdowns during inflection points and volatile markets," the report said.
Picking from the report, we list the 12 most crowded US stocks with market cap greater than $20 billion.