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.
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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.
10. McAfee
Ticker: MCFE Wall Street Bet Mentions Over Past 24 Hours: 138 Market Capitalization: $12.8 billion 1-Week Performance: 9%
9. Virgin Galactic
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Ticker: SPCE Wall Street Bet Mentions Over Past 24 Hours: 146 Market Capitalization: $7.8 billion 1-Week Performance: 2%
8. GameStop
Ticker: GME Wall Street Bet Mentions Over Past 24 Hours: 153 Market Capitalization: $11.3 billion 1-Week Performance: -7%
7. Cloudfare
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Ticker: NET Wall Street Bet Mentions Over Past 24 Hours: 170 Market Capitalization: $28.3 billion 1-Week Performance: 1%
6. Tesla
Ticker: TSLA Wall Street Bet Mentions Over Past 24 Hours: 193 Market Capitalization: $688.4 billion 1-Week Performance: 6%
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5. AMC Entertainment
Ticker: AMC Wall Street Bet Mentions Over Past 24 Hours: 251 Market Capitalization: $17.3 billion 1-Week Performance: -12%
4. MicroVision
Ticker: MVIS Wall Street Bet Mentions Over Past 24 Hours: 258 Market Capitalization: $2.2 billion 1-Week Performance: -3%
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3. Moderna
Ticker: MRNA Wall Street Bet Mentions Over Past 24 Hours: 259 Market Capitalization: $163.4 billion 1-Week Performance: 19%
2. AMD
Ticker: AMD Wall Street Bet Mentions Over Past 24 Hours: 280 Market Capitalization: $132.1 billion 1-Week Performance: 10%
1. Robinhood
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Ticker: HOOD Wall Street Bet Mentions Over Past 24 Hours: 1,070 Market Capitalization: $42.6 billion 1-Week Performance: 46%
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