Following which stocks Reddit's WallStreetBets crowd is talking about paid off handsomely in 2021, as several have gone through epic rallies and seen 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. Snap Inc.
Ticker: SNAP WallStreetBets Mentions Over Past 24 Hours: 241 Market Capitalization: $38.4 billion One-Week Performance: 11.6%
9. Apple
Ticker: AAPL WallStreetBets Mentions Over Past 24 Hours: 269 Market Capitalization: $2.81 trillion One-Week Performance: 0.2%
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8. Digital World Acquisition
Ticker: DWAC WallStreetBets Mentions Over Past 24 Hours: 392 Market Capitalization: $3.1 billion One-Week Performance: -1.2%
7. Nvidia
Ticker: NVDA WallStreetBets Mentions Over Past 24 Hours: 407 Market Capitalization: $608.7 billion One-Week Performance: 1.5%
6. Tesla
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Ticker: TSLA WallStreetBets Mentions Over Past 24 Hours: 465 Market Capitalization: $911.2 billion One-Week Performance: -0.8%
5. Pfizer
Ticker: PFE WallStreetBets Mentions Over Past 24 Hours: 484 Market Capitalization: $300.8 billion One-Week Performance: -2.9%
4. GameStop
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Ticker: GME WallStreetBets Mentions Over Past 24 Hours: 494 Market Capitalization: $7.5 billion One-Week Performance: 2.2%
3. Chegg
Ticker: CHGG WallStreetBets Mentions Over Past 24 Hours: 570 Market Capitalization: $3.7 billion One-Week Performance: 14.9%
2. Meta Platforms
Ticker: FB WallStreetBets Mentions Over Past 24 Hours: 1,910 Market Capitalization: $627.4 billion One-Week Performance: -30.7%
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1. Peloton
Ticker: PTON WallStreetBets Mentions Over Past 24 Hours: 2,070 Market Capitalization: $9.6 billion One-Week Performance: 36.4%
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