These are the top 10 meme stocks Reddit's Wall Street Bets is talking about right now

Reddit Wall Street Bets Retail Trading GameStop

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 .

From GameStop in January to AMC Entertainment last month, the 10.7 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 Wall Street Bets crowd, led to a more than 50% drawdown in multi-billion dollar hedge fund Melvin Capital. Meanwhile, the sharp rally in struggling movie theater chain AMC Entertainment caused billions of dollar in losses for short-sellers in May and June.

But while some stocks popular with the Reddit crowd have seen massive gains, some have also seen epic losses. In the past few weeks, many meme stocks have seen accelerating declines, with AMC Entertainment and GameStop both down about 50% from their June highs.

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 meme stocks Reddit's WallStreetBets forum is focused on right now, according to data compiled by SwaggyStocks. The list excludes mega-cap tech stocks and is based on mentions over the past 24 hours.

10. BlackBerry

Ticker: BB
Wall Street Bet Mentions Over Past 24 Hours: 86
Market Capitalization: $5.9 billion
1-Week Performance: -10%

A shareholder uses his Blackberry while waiting for the Research In Motion annual meeting to begin in Waterloo, July 17, 2007.
BlackBerry shareholder

9. Tilray

Ticker: TLRY
Wall Street Bet Mentions Over Past 24 Hours: 97
Market Capitalization: $6.5 billion
1-Week Performance: -14%

Tilray marijuana
A Tilray worker tends to cannabis plants.

8. AMC Entertainment

Ticker: AMC
Wall Street Bet Mentions Over Past 24 Hours: 110
Market Capitalization: $18.8 billion
1-Week Performance: -23% decline

AMC Entertainment

7. Palantir

Ticker: PLTR
Wall Street Bet Mentions Over Past 24 Hours: 122
Market Capitalization: $39.9 billion
1-Week Performance: -7%

Palantir

6. Ticker: CRSR
Wall Street Bet Mentions Over Past 24 Hours: 135
Market Capitalization: $2.7 billion
1-Week Performance: -3%

Mechanical gaming keyboard
A Corsair K95 Platinum mechanical gaming keyboard.

5. Clean Energy Fuels

Ticker: CLNE
Wall Street Bet Mentions Over Past 24 Hours: 138
Market Capitalization: $1.5 billion
1-Week Performance: -17%

Clean Energy Fuels

4. Virgin Galactic

Ticker: SPCE
Wall Street Bet Mentions Over Past 24 Hours: 145
Market Capitalization: $8.2 billion
1-Week Performance: -40%

Virgin galactic whiteknighttwo
A Virgin Galactic spacecraft attached to its carrier vehicle, WhiteKnightTwo.

3. Clover Health

Ticker: CLOV
Wall Street Bet Mentions Over Past 24 Hours: 188
Market Capitalization: $3.4 billion
1-Week Performance: -11%

2016 05 04T000000Z_967239957_D1AETCDLYFAA_RTRMADP_3_FUNDS SOHN.JPG
Chamath Palihapitiya, Founder and CEO of Social Capital LP, speaks at the Sohn Investment Conference in New York on May 4, 2016.

2. SoFi

Ticker: SOFI
Wall Street Bet Mentions Over Past 24 Hours: 238
Market Capitalization: $12.9 billion
1-Week Performance: -5%

sofi fintech

1. ContextLogic

Ticker: WISH
Wall Street Bet Mentions Over Past 24 Hours: 294
Market Capitalization: $6.2 billion
1-Week Performance: -11%

Wish CFO
Wish CFO Rajat Bahri.
Read the original article on Business Insider


Contributer : Business Insider https://ift.tt/2TdScQQ
These are the top 10 meme stocks Reddit's Wall Street Bets is talking about right now These are the top 10 meme stocks Reddit's Wall Street Bets is talking about right now Reviewed by mimisabreena on Saturday, July 17, 2021 Rating: 5

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