These are the top 10 stocks being talked about on Reddit's WallStreetBets
- Reddit's WallStreetBets forum entered the mainstream during the January GameStop craze.
- From GameStop to AMC Entertainment, retail investors congregating on the subreddit are a driving 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 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.
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.
As traders look to replicate the success of WallStreetBets 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.
10. Amazon
Ticker: AMZN
WallStreetBet Mentions Over Past 24 Hours: 136
Market Capitalization: $1.73 trillion
1-Week Performance: -1.2%
9. Hertz
Ticker: HTZZ
WallStreetBet Mentions Over Past 24 Hours: 149
Market Capitalization: $13.4 billion
1-Week Performance: 26%
8. Apple
Ticker: AAPL
WallStreetBet Mentions Over Past 24 Hours: 158
Market Capitalization: $2.47 trillion
1-Week Performance: 0.8%
7. Snap
Ticker: SNAP
WallStreetBet Mentions Over Past 24 Hours: 169
Market Capitalization: $117.4 billion
1-Week Performance: -27.2%
6. Ocugen
Ticker: OCGN
WallStreetBet Mentions Over Past 24 Hours: 172
Market Capitalization: $1.9 billion
1-Week Performance: 39%
5. AMD
Ticker: AMD
WallStreetBet Mentions Over Past 24 Hours: 203
Market Capitalization: $147.8 billion
1-Week Performance: 7.8%
4. Digital World Acquisition
Ticker: DWAC
WallStreetBet Mentions Over Past 24 Hours: 398
Market Capitalization: $2.2 billion
1-Week Performance: 560.4%
3. WeWork
Ticker: WE
WallStreetBet Mentions Over Past 24 Hours: 505
Market Capitalization: $9.5 billion
1-Week Performance: 12.5%
2. Facebook
Ticker: FB
WallStreetBet Mentions Over Past 24 Hours: 698
Market Capitalization: $907.8 billion
1-Week Performance: -5.5%
1. Tesla
Ticker: TSLA
WallStreetBet Mentions Over Past 24 Hours: 2,880
Market Capitalization: $1.0 trillion
1-Week Performance: 24.6%
