Digital World Acquisition tops 10 most talked about stocks on Reddit's WallStreetBets forum
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Matthew Fox
Feb 22, 2022, 22:28 IST
Photo illustration by Jakub Porzycki/NurPhoto via Getty Images
Reddit's WallStreetBets 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 WallStreetBets crowd is talking about 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. Alibaba
Ticker: BABA WallStreetBets Mentions Over Past 24 Hours: 93 Market Capitalization: $306.7 billion One-Week Performance: -5.7%
9. ContextLogic
Ticker: WISH WallStreetBets Mentions Over Past 24 Hours: 97 Market Capitalization: $1.3 billion One-Week Performance: -18.1%
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8. Advanced Micro Devices
Ticker: AMD WallStreetBets Mentions Over Past 24 Hours: 122 Market Capitalization: $139.5 billion One-Week Performance: -6.3%
7. Nvidia
Ticker: NVDA WallStreetBets Mentions Over Past 24 Hours: 148 Market Capitalization: $588.9 billion One-Week Performance: -10.8%
6. Palantir
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Ticker: PLTR WallStreetBets Mentions Over Past 24 Hours: 159 Market Capitalization: $21.1 billion One-Week Performance: -22.2%
5. GameStop
Ticker: GME WallStreetBets Mentions Over Past 24 Hours: 166 Market Capitalization: $9.2 billion One-Week Performance: -3.7%
4. Apple
Ticker: AAPL WallStreetBets Mentions Over Past 24 Hours: 178 Market Capitalization: $2.68 trillion One-Week Performance: -3.2%
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3. Meta Platforms
Ticker: FB WallStreetBets Mentions Over Past 24 Hours: 214 Market Capitalization: $553.5 billion One-Week Performance: -6.7%
2. Tesla
Ticker: TSLA WallStreetBets Mentions Over Past 24 Hours: 362 Market Capitalization: $867.1 billion One-Week Performance: -4.3%
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1. Digital World Acquisition
Ticker: DWAC WallStreetBets Mentions Over Past 24 Hours: 424 Market Capitalization: $2.5 billion One-Week Performance: 12.3%
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