It's paid to follow what stocks Reddit's Wall Street Bets crowd are talking about this year, as several have gone through epic rallies and seen heightened volatility.
From GameStop in January to AMC Entertainment in June, the near 11 million-member forum has driven the conversation in so-called meme stocks that have exploded higher amid overwhelming demand from retail investors. Strong demand for 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.
As traders look to replicate the success of Wall Street Bets stocks, one data aggregator is compiling the most mentioned stocks on Reddit's forum.
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.
Advertisement
10. GameStop
Ticker: GME Wall Street Bet Mentions Over Past 24 Hours: 41 Market Capitalization: $14.6 billion 1-Week Performance: -1.9%
9. ContextLogic
Ticker: WISH Wall Street Bet Mentions Over Past 24 Hours: 50 Market Capitalization: $3.8 billion 1-Week Performance: 1.5%
Advertisement
8. Amazon
Ticker: AMZN Wall Street Bet Mentions Over Past 24 Hours: 50 Market Capitalization: $1.73 trillion 1-Week Performance: -0.1%
7. Palantir
Ticker: PLTR Wall Street Bet Mentions Over Past 24 Hours: 57 Market Capitalization: $56.2 billion 1-Week Performance: 4.0%
6. Apple
Advertisement
Ticker: AAPL Wall Street Bet Mentions Over Past 24 Hours: 58 Market Capitalization: $2.43 trillion 1-Week Performance: 1.7%
5. SoFi
Ticker: SOFI Wall Street Bet Mentions Over Past 24 Hours: 65 Market Capitalization: $13.6 billion 1-Week Performance: 18.3%
4. Alibaba
Advertisement
Ticker: BABA Wall Street Bet Mentions Over Past 24 Hours: 88 Market Capitalization: $411.0 billion 1-Week Performance: -2.9%
3. SmileDirectClub
Ticker: SDC Wall Street Bet Mentions Over Past 24 Hours: 120 Market Capitalization: $2.4 billion 1-Week Performance: -8.4%
2. Tesla
Ticker: TSLA Wall Street Bet Mentions Over Past 24 Hours: 224 Market Capitalization: $746.0 billion 1-Week Performance: 7.3%
Advertisement
1. Canoo
Ticker: GOEV Wall Street Bet Mentions Over Past 24 Hours: 257 Market Capitalization: $1.8 billion 1-Week Performance: 23.9%
{{}}
NewsletterSIMPLY PUT - where we join the dots to inform and inspire you. Sign up for a weekly brief collating many news items into one untangled thought delivered straight to your mailbox.