Bed Bath & Beyond, Tesla Most Mentioned

  • Reddit’s Wall Street Bets forum entered the mainstream at the beginning of 2021 during the GameStop craze.
  • Driving stocks like GameStop and AMC, retail investors congregating 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 Wall Street tBets crowd is talking about was a tactic that paid off handsomely in 2021, as several have gone through epic rallies and 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.

GameStop’s short-squeeze, driven in part 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.

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.

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. Rivian

Ticker: RIVN
WallStreetBets Mentions Over Past 24 Hours: 117
Market Capitalization: $41.0 billion
One week performance: -28.8%

The 2022 Rivian R1T.

The 2022 Rivian R1T.

Rivian


9. Wendy’s

Ticker: WHO
WallStreetBets Mentions Over Past 24 Hours: 118
Market Capitalization: $4.6 billion
One week performance: -8.2%

wendy's drive thru

Wendy’s fast food restaurant drive thru.

FREDERIC J. BROWN/AFP/Getty Images


8. ContextLogic

Ticker: WISH
WallStreetBets Mentions Over Past 24 Hours: 145
Market Capitalization: $1.3 billion
One week performance: -15.6%

Wish CFO


Wish


7.Amazon

Ticker: AMZN
WallStreetBets Mentions Over Past 24 Hours: 156
Market Capitalization: $1.42 trillion
One week performance: -10.9%

Amazon Air is a cargo airline brand for Amazon freight delivery service based in Seattle, Washington.

Amazon Air is a cargo airline brand for Amazon freight delivery service based in Seattle, Washington.

Nicolas Economou/NurPhoto via Getty Images


6. Advanced Micro Devices

Ticker: AMD
WallStreetBets Mentions Over Past 24 Hours: 168
Market Capitalization: $173.0 billion
One week performance: -10.5%

AMD CEO Lisa Su

AMD CEO Lisa Su

Steve Marcus/Reuters


5. Meta Platforms

Ticker: FB
WallStreetBets Mentions Over Past 24 Hours: 272
Market Capitalization: $517.7 billion
One week performance: -7.9%

Workers in front of Facebook headquarters pull off cover of the old "thumbs up" sign to reveal the new Meta logo

Facebook meta sign

Justin Sullivan/Getty Images


4.Apples

Ticker: AAPL
WallStreetBets Mentions Over Past 24 Hours: 321
Market Capitalization: $2.65 trillion
One week performance: -3.7%

To Apple store.

To Apple store.

Spencer Platt/Getty Images


3. GameStop

Ticker: GME
WallStreetBets Mentions Over Past 24 Hours: 418
Market Capitalization: $8.0 billion
One week performance: -13.8%

A high-street GameStop store


John Smith/VIEWpress/Getty Images


2. Tesla

Ticker: TSLA
WallStreetBets Mentions Over Past 24 Hours: 679
Market Capitalization: $808.0 billion
One week performance: -6.0%

Tesla Super Charger


Associated Press


1.Bed Bath & Beyond

Ticker: BBBY
WallStreetBets Mentions Over Past 24 Hours: 692
Market Capitalization: $2.2 billion
One week performance: 36.4%

Bed Bath & Beyond wanted to prevent overpacked shelves

Bed Bath & Beyond wanted to prevent overpacked shelves

REUTERS/Emily Elconin


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