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. Advanced Micro Devices
Ticker: AMD WallStreetBets Mentions Over Past 24 Hours: 172 Market Capitalization: $167.4 billion One-Week Performance: -4.0%
9. Robinhood
Ticker: HOOD WallStreetBet Mentions Over Past 24 Hours: 184 Market Capitalization: $14.5 billion One-Week Performance: -4.1%
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8. Microsoft
Ticker: MSFT WallStreetBet Mentions Over Past 24 Hours: 209 Market Capitalization: $2.37 trillion One-Week Performance: -3.9%
7. Apple
Ticker: AAPL WallStreetBet Mentions Over Past 24 Hours: 220 Market Capitalization: $2.87 trillion One-Week Performance: -2.7%
6. Lucid
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Ticker: LCID WallStreetBet Mentions Over Past 24 Hours: 233 Market Capitalization: $72.5 billion One-Week Performance: 12.2%
5. Palantir
Ticker: PLTR WallStreetBet Mentions Over Past 24 Hours: 236 Market Capitalization: $34.1 billion One-Week Performance: -5.6%
4. Tilray
Ticker: TLRY WallStreetBet Mentions Over Past 24 Hours: 268 Market Capitalization: $3.5 billion One-Week Performance: 3.7%
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3. Nvidia
Ticker: NVDA WallStreetBet Mentions Over Past 24 Hours: 366 Market Capitalization: $698.6 billion One-Week Performance: -4.5%
2. GameStop
Ticker: GME WallStreetBet Mentions Over Past 24 Hours: 579 Market Capitalization: $10.0 billion One-Week Performance: -11.9%
1. Tesla
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Ticker: TSLA WallStreetBet Mentions Over Past 24 Hours: 1,060 Market Capitalization: $1.07 trillion One-Week Performance: -7.0%
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