Bed Bath & Beyond, Tesla top 10 most talked about stocks on Reddit's WallStreetBets forum
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Matthew Fox
Mar 8, 2022, 22:31 IST
Photo illustration by Jakub Porzycki/NurPhoto via Getty Images
Reddit's Wall Street Bets forum entered the mainstream at the beginning of 2021 during the GameStop craze.
Driving stocks like GameStop and AMC, retail investors congregating on the subreddit are a force in the stock market.
These are the 10 most popular stocks WallStreetBets is talking about right now.
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Following which stocks Reddit's Wall Stree tBets crowd is talking about was a tactic that paid off handsomely in 2021, as several have gone through epic rallies and heightened volatility.
From GameStop to AMC Entertainment, the more than 11 million-member forum has driven the conversation in so-called meme stocks that have exploded higher amid overwhelming demand from retail investors. The surge in stocks with shaky fundamentals has led to several hedge fund blowups that were caught on the opposite side of the trade betting against the company in question.
But since those short-squeezes caused destruction for some short sellers, shares of GameStop and AMC Entertainment have fallen by about 60% from their record highs as investors begin to confront the fundamental backdrop behind the companies.
As traders look to replicate the success of WallStreetBets stocks, one data aggregator is compiling the most mentioned stocks on Reddit's forum.
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These are the top 10 stocks Reddit's WallStreetBets forum is focused on right now, according to data compiled by SwaggyStocks. The list is based on mentions over the past 24 hours, and financial data is sourced from Koyfin.
10. Rivian
Ticker: RIVN WallStreetBets Mentions Over Past 24 Hours: 117 Market Capitalization: $41.0 billion One-Week Performance: -28.8%
The 2022 Rivian R1T.Rivian
9. Wendy's
Ticker: WEN WallStreetBets Mentions Over Past 24 Hours: 118 Market Capitalization: $4.6 billion One-Week Performance: -8.2%
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Wendy's fast food restaurant drive-thru.FREDERIC J. BROWN/AFP/Getty Images
8. ContextLogic
Ticker: WISH WallStreetBets Mentions Over Past 24 Hours: 145 Market Capitalization: $1.3 billion One-Week Performance: -15.6%
Wish
7. Amazon
Ticker: AMZN WallStreetBets Mentions Over Past 24 Hours: 156 Market Capitalization: $1.42 trillion One-Week Performance: -10.9%
Amazon Air is a cargo airline brand for Amazon freight delivery service based in Seattle, Washington.Nicolas Economou/NurPhoto via Getty Images
6. Advanced Micro Devices
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Ticker: AMD WallStreetBets Mentions Over Past 24 Hours: 168 Market Capitalization: $173.0 billion One-Week Performance: -10.5%
AMD CEO Lisa SuSteve Marcus/Reuters
5. Meta Platforms
Ticker: FB WallStreetBets Mentions Over Past 24 Hours: 272 Market Capitalization: $517.7 billion One-Week Performance: -7.9%
Facebook Meta signJustin Sullivan/Getty Images
4. Apple
Ticker: AAPL WallStreetBets Mentions Over Past 24 Hours: 321 Market Capitalization: $2.65 trillion One-Week Performance: -3.7%
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An Apple store.Spencer Platt/Getty Images
3. GameStop
Ticker: GME WallStreetBets Mentions Over Past 24 Hours: 418 Market Capitalization: $8.0 billion One-Week Performance: -13.8%
John Smith/VIEWpress/Getty Images
2. Tesla
Ticker: TSLA WallStreetBets Mentions Over Past 24 Hours: 679 Market Capitalization: $808.0 billion One-Week Performance: -6.0%
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Associated Press
1. Bed Bath & Beyond
Ticker: BBBY WallStreetBets Mentions Over Past 24 Hours: 692 Market Capitalization: $2.2 billion One-Week Performance: 36.4%
Bed Bath & Beyond wanted to prevent overpacked shelvesREUTERS/Emily Elconin
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