Today’s trending Reddit stocks

Here are some of the most mentioned stocks on Reddit in the past 24 hours.

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By

Charlie Barton

Updated

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What stocks are trending on Reddit right now?

RankLogo CodeStock Mentions 24-hour mentions changeUpvotes Latest close price 3-month price chart
1 Micron Technology 1,263 -10%10,818 N/A
2 SPDR S&P 500 ETF Trust 517 31%1,975 N/A
3 Microsoft 266 -5%1,559 N/A
4 AST SpaceMobile 221 -61%827 N/A
5 Sandisk 211 -20%850 N/A
6 Invesco QQQ ETF 188 27%546 N/A
7 NVIDIA 186 -15%590 N/A
8 AMD 178 -26%764 N/A
9 Intel 116 -23%591 N/A
10 Rocket Lab USA 106 -61%403 N/A
11 Meta Platforms (Facebook) 90 -7%225 N/A
12 Tesla 87 -61%243 N/A
13 DTE Energy 80 60%453 N/A
14 Reddit 63 80%1,080 N/A
15 POET Technologies 59 -47%349 N/A
16 Plug Power 58 35%208 N/A
17 Antero Midstream 55 -17%131 N/A
18 Direxion Shares ETF Trust - Direxion Daily Semiconductor Bear 3X Share 54 145%311 N/A
19 Nebius Group 53 13%222 N/A
20 Vanguard S&P 500 ETF 49 -13%146 N/A
21 Wendy’s Company 47 1,075%96 N/A
22 Direxion Shares ETF Trust - Direxion Daily Semiconductor Bull 3X Share 45 13%955 N/A
23 Oklo 44 91%200 N/A
24 Palantir 37 61%158 N/A
25 GameStop 37 61%235 N/A
26 Gartner 34 10%151 N/A
27 Everspin Technologies 34 -61%74 N/A
28 ServiceNow 31 72%150 N/A
29 Hims & Hers Health 31 -72%102 N/A
30 Opendoor 30 200%48 N/A
31 United States Commodity Funds LLC - United States Oil Fund 29 -24%75 N/A
32 International Paper 28 40%91 N/A
33 UnitedHealth 28 87%86 N/A
34 Alphabet (Google) 27 -39%109 N/A
35 QUALCOMM 27 -40%99 N/A
36 Apple 26 73%68 N/A
37 Penguin Solutions 26 30%70 N/A
38 Netflix 25 -50%73 N/A
39 Ready Capital 24 243%486 N/A
40 Vanguard Total Stock Market ETF 22 16%60 N/A
41 Sellas Life Sciences 22 633%71 N/A
42 Wheels Up 22 16%253 N/A
43 Amazon 21 -32%42 N/A
44 Alphabet (Google) 21 31%58 N/A
45 BlackRock Institutional Trust Company N.A. - BTC iShares PHLX Semicond 20 -17%25 N/A
46 enCore Energy 19 73%2,639 N/A
47 Dow 18 64%97 N/A
48 Chemours 18 -40%67 N/A
49 VanEck Vectors ETF Trust - VanEck Vectors Semiconductor ETF 18 6%33 N/A
50 BlackRock Institutional Trust Company N.A. - BTC iShares Russell 2000 18 100%36 N/A
51 CLEAR Secure 18 -14%72 N/A
52 Rackspace Technology 18 -31%-9 N/A
53 Hudbay Minerals 17 -29%43 N/A
54 JPMorgan Chase 16 45%59 N/A
55 ASML 16 33%78 N/A
56 iQIYI 16 60%49 N/A
57 Avis Budget Group 16 23%57 N/A
58 Intuitive Machines 16 -61%113 N/A
59 Alibaba 15 650%41 N/A
60 QuantumScape 15 88%33 N/A
61 Allstate 14 133%81 N/A
62 Lumentum 14 -56%42 N/A
63 Vanguard Group, Inc. - Vanguard Total International Stock ETF 14 8%20 N/A
64 iShares Silver Trust 14 -63%38 N/A
65 Eventbrite 14 1,300%5,789 N/A
66 Cisco 13 86%43 N/A
67 Southern Company 13 63%47 N/A
68 Supermicro 13 -59%54 N/A
69 Groupon 13 86%28 N/A
70 Nokia 13 -70%37 N/A
71 Figma 13 30%110 N/A
72 Eversource Energy 12 9%41 N/A
73 BlackRock Institutional Trust Company N.A. - iShares MSCI South Korea 12 -29%21 N/A
74 Sony 12 50%187 N/A
75 Interlink Electronics 12 50%16 N/A
76 Broadcom 11 -31%23 N/A
77 Salesforce 11 267%20 N/A
78 Kopin Corporation 11 1,000%21 N/A
79 Interactive Brokers 11 57%18 N/A
80 Bloom Energy 11 N/A22 N/A
81 Robinhood 11 -50%31 N/A
82 Buzzfeed 11 1,000%24 N/A
83 D-Wave Quantum 11 -8%28 N/A
84 Quantum Computing 11 10%38 N/A
85 Arista Networks 10 -41%19 N/A
86 Take 2 Interactive 10 900%96 N/A
87 W&T Offshore 10 -17%28 N/A
88 Global X Funds - Global X Data Center REITs & Digital Infrastructure E 10 900%27 N/A
89 ProShares Trust - ProShares UltraPro Short QQQ 10 233%29 N/A
90 MicroStrategy 10 N/A38 N/A
91 SoFi 10 25%41 N/A
92 CoreWeave 10 25%42 N/A
93 IBM 9 80%16 N/A
94 Western Digital 9 -44%34 N/A
95 Vonage Holdings Corp. 9 350%23 N/A
96 Osisko Gold Royalties 9 200%24 N/A
97 Goldman Sachs ETF Trust - Goldman Sachs Just Us Large Cap Equity ETF 9 200%54 N/A
98 Forestar Group 9 N/A30 N/A
99 Archer Aviation 9 -55%21 N/A
100 SoundHound AI 9 800%19 N/A

To generate this list, we’ve aggregated trending stock information from Reddit’s most active subs, including r/WSB, r/stocks, r/investing and r/ShortSqueeze.

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Why does Reddit have any impact on the stock market?

At the start of 2021, Reddit cemented itself as a key trading indicator for many seasoned and institutional investors around the world. This was because GameStop, a US-based video game retailer, spiked over 700% during a frenzied few days at the end of January.

GameStop sky-rocketed around 8,000% over six months. The stock became a piece in a rather complicated financial power struggle puzzle between a major hedge fund, Melvin Capital, and a group of internet investors who congregated on Reddit. GameStop became the subject of what’s known as ‘short selling’, a process in which professional investors borrow shares of stock to sell them and then buy them back at a later date, allowing them to make a profit if the stock price goes down. In simple terms, short-selling is a bet that the company will fail, with infinite loss potential.

Long story short, Reddit investors found an opportunity to make some money by aggressively buying GameStop stocks, which resulted in an internet pile on, with everyone from Elon Musk to Wolf of Wall Street’s Jason Belfort wading into the debate and hype. A boom of coverage of the now infamous subreddit r/WallStreetBets made sure the frenzy continued through January.

We’ve compiled some of the trending Reddit stocks above to give you some inspiration, but if you’d like to take a look at Reddit yourself, here’s how you can find trending stocks on Reddit:

  1. Go to investing subreddits. Some examples are r/WallStreetBets, r/Stocks, r/Investing and r/PennyStocks. If you’re looking for specific categories, like dividend stocks, you can search for other subreddits.
  2. Sort the posts. You can do this with the “hot”, “new” and “top” buttons above the posts and choose a time period to sort by.
  3. Read the discussions. You can find out what people are talking about and read their research to find out why the stock is trending.
  4. Do your own research. Before you dive in and invest, look into the stock yourself and weigh up the risks involved.

Does Reddit matter to ordinary investors?

The GameStop scenario tells us that, yes, it does. For example during the frenzy, brokerages were forced to suspend trading of certain stocks, and even caused outages of entire apps. This was due to the intense strain put on the infrastructure of brokerages and trading apps, many of which received unprecedented volumes of trades and new sign ups.

The GameStop affair has also caused a lasting shift in the analysis conducted by institutions. The internet has empowered retail investors, the combined force of which now matched institutions when it comes to buying power and volume. This changed the dynamics of investing somewhat, you’d think in favour of the little guy – though it remains to be seen if retail investor success has eaten into the profits of the big guns on Wall Street.

Reddit stocks list

Reddit has provided some of the most dramatic investing stories since the start of 2020, the most famous of those being the GameStop frenzy. Some of the most commonly talked about stocks include GameStop, AMC Entertainment, Tesla and BlackBerry.

Is Reddit a reliable place to research stocks?

The internet has been used for talking about stocks and investments since its inception. Reddit is just the latest evolution of that. There are some advantages to researching stocks on Reddit, as well as some things you should watch out for.

Advantages:

  • Anonymized forums can provide protection and create an unbiased environment which allows fruitful discussions to thrive. For example, it’s not unheard of for genuine employees at companies to participate and share genuine insight which can help readers achieve higher gains.
  • Reddit’s used globally. You can get access to insight no matter what time it is, whether you’re an early bird, up at the brink of dawn, or a night owl that prefers late night stock searching.
  • The voting system helps you filter discussions. This is great for filtering out some of the nonsense and getting straight to the good stuff.

Things to watch out for:

  • It can be difficult to verify the authority of posters. This means that you don’t really ever know the credibility of anyone in these forums, and should use insight from several sources when researching.
  • There’s a tendency for groupthink. This means that you don’t get a balanced discussion.
  • Some of these stocks can be riskier Sometimes stocks like OTC (pink sheet) stocks are mentioned, which are riskier. Stocks can become riskier once they’ve taken off a bit, as they can become very volatile.

Like any form of research, Reddit offers some things you can’t get elsewhere, but should probably just form a part of your overall research process – as opposed to being the start and end of your digging.

Important information: Powered by Finder.com. This information is general in nature and is no substitute for professional advice. It does not take into account your personal situation. This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for most investors. You do not own or have any interest in the underlying asset. Capital is at risk, including the risk of losing more than the amount originally put in, market volatility and liquidity risks. Past performance is no guarantee of future results. Tax on profits may apply. Consider the Product Disclosure Statement and Target Market Determination for the product on the provider's website. Consider your own circumstances, including whether you can afford to take the high risk of losing your money and possess the relevant experience and knowledge. We recommend that you obtain independent advice from a suitably licensed financial advisor before making any trades.

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Charlie Barton was a publisher at Finder. He specialised in banking and investments products, including banking apps, current accounts, share-dealing platforms and stocks and shares ISAs. Charlie has a first-class degree from the London School of Economics, and in his spare time enjoys long walks on the beach. See full bio

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