These are the 10 talked about stocks on Reddit's WallStreetBets
WallStreetBetsforum entered the mainstream during the January GameStop craze.
- Driving stocks like GameStop and AMC Entertainment,
retail investorscongregating on the subreddit are a force in the stock market.
- These are the 10 most popular stocks WallStreetBets is talking about right now.
Following which stocks Reddit's WallStreetBets crowd is talking about this year has paid off, as several have gone through epic rallies and seen heightened volatility.
From GameStop in January to AMC Entertainment in June, 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.
GameStop's short-squeeze, in-part led by the WallStreetBets crowd, led to a more than 50% drawdown in multibillion-dollar hedge fund Melvin Capital. Meanwhile, the sharp rally in struggling movie theater chain AMC Entertainment caused billions of dollars in losses for short-sellers in May and June.
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.
WallStreetBets Mentions Over Past 24 Hours: 184
Market Capitalization: $2.63 trillion
One-Week Performance: -0.2%
WallStreetBet Mentions Over Past 24 Hours: 198
Market Capitalization: $220.0 billion
One-Week Performance: -3.3%
8. Meta Platforms (formerly Facebook)
WallStreetBet Mentions Over Past 24 Hours: 218
Market Capitalization: $940.3 billion
One-Week Performance: -2.1%
WallStreetBet Mentions Over Past 24 Hours: 220
Market Capitalization: $356.8 billion
One-Week Performance: -6.2%
WallStreetBet Mentions Over Past 24 Hours: 306
Market Capitalization: $195.5 billion
One-Week Performance: 4.2%
WallStreetBet Mentions Over Past 24 Hours: 405
Market Capitalization: $15.3 billion
One-Week Performance: -11.7%
WallStreetBet Mentions Over Past 24 Hours: 414
Market Capitalization: $834.4 billion
One-Week Performance: 1.2%
WallStreetBet Mentions Over Past 24 Hours: 480
Market Capitalization: $268.7 billion
One-Week Performance: -4.0%
WallStreetBet Mentions Over Past 24 Hours: 611
Market Capitalization: $1.14 trillion
One-Week Performance: -0.1%
WallStreetBet Mentions Over Past 24 Hours: 817
Market Capitalization: $149.4 billion
One-Week Performance: 39.7%
- Govt approves PLI scheme for making drones with outlay of Rs 120 cr, comes out with norms
- Apple transportation through drones to become reality in tribal Kinnaur district of HP
- Researchers develop device that uses sound waves to separate blood-based nanoparticles
- 5 Bihar villages to be developed into human-carnivore coexistence zone
- Delhi's air quality will likely improve from Sunday evening, says IMD