Today’s trending Reddit stocks

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

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Charlie Barton

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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 685 78%2,949 N/A
2 SPDR S&P 500 ETF Trust 550 -10%2,251 N/A
3 Rocket Lab USA 374 320%4,737 N/A
4 Sandisk 249 32%894 N/A
5 AMD 244 -27%1,657 N/A
6 Invesco QQQ ETF 244 -8%749 N/A
7 Iris Energy 238 303%915 N/A
8 NVIDIA 236 -10%8,453 N/A
9 Intel 234 144%1,861 N/A
10 Microsoft 219 24%705 N/A
11 SoundHound AI 174 110%809 N/A
12 DTE Energy 130 13%1,889 N/A
13 CoreWeave 111 98%281 N/A
14 Tesla 95 10%170 N/A
15 AST SpaceMobile 81 -31%790 N/A
16 Meta Platforms (Facebook) 79 88%237 N/A
17 Antero Midstream 59 4%323 N/A
18 Reddit 58 23%773 N/A
19 Cloudflare 54 315%7,337 N/A
20 United States Commodity Funds LLC - United States Oil Fund 54 N/A198 N/A
21 Vanguard S&P 500 ETF 52 -29%110 N/A
22 BlackRock Institutional Trust Company N.A. - iShares MSCI UAE ETF 51 292%192 N/A
23 QUALCOMM 49 -25%233 N/A
24 Direxion Shares ETF Trust - Direxion Daily Semiconductor Bull 3X Share 48 -2%142 N/A
25 Robinhood 45 32%697 N/A
26 Nebius Group 42 2%162 N/A
27 POET Technologies 41 193%102 N/A
28 Apple 39 105%1,089 N/A
29 Groupon 39 1,850%108 N/A
30 Gartner 38 52%2,144 N/A
31 Innodata 37 3,600%63 N/A
32 BlackBerry 34 89%174 N/A
33 Arm Holdings 34 -88%292 N/A
34 The Trade Desk 32 256%75 N/A
35 TSMC 31 210%97 N/A
36 Supermicro 30 -50%184 N/A
37 Palantir 29 -54%77 N/A
38 Rackspace Technology 29 16%48 N/A
39 Amazon 28 12%7,865 N/A
40 Procure ETF Trust II - Procure Space ETF 28 1,300%157 N/A
41 Figma 28 56%8,261 N/A
42 ServiceNow 26 -40%664 N/A
43 BlackRock Institutional Trust Company N.A. - BTC iShares PHLX Semicond 26 271%103 N/A
44 ProShares Trust - ProShares UltraPro QQQ 26 136%65 N/A
45 Direxion Shares ETF Trust - Direxion Daily Semiconductor Bear 3X Share 26 63%112 N/A
46 CLEAR Secure 26 -4%146 N/A
47 Alphabet (Google) 25 -34%104 N/A
48 iShares Trust - iShares 0-3 Month Treasury Bond ETF 23 667%102 N/A
49 Alphabet (Google) 23 -23%65 N/A
50 Netflix 22 16%51 N/A
51 Interactive Brokers 21 50%61 N/A
52 Dell 19 138%43 N/A
53 W&T Offshore 19 217%50 N/A
54 Opendoor 19 27%58 N/A
55 SoFi 19 46%59 N/A
56 JPMorgan Chase 18 -51%53 N/A
57 Vanguard Total Stock Market ETF 18 -61%21 N/A
58 Applied Optoelectronics 18 100%48 N/A
59 Intuitive Machines 17 21%294 N/A
60 Penguin Solutions 17 240%36 N/A
61 Chemours 17 -6%35 N/A
62 Forestar Group 17 143%125 N/A
63 Wendy’s Company 16 129%31 N/A
64 MercadoLibre 16 300%30 N/A
65 Wheels Up 16 7%180 N/A
66 Moderna 15 150%25 N/A
67 Chindata 15 650%46 N/A
68 GCT Semiconductor 15 1,400%28 N/A
69 Allstate 14 -7%73 N/A
70 Nokia 14 75%109 N/A
71 MP Materials 14 250%24 N/A
72 Fluence Energy 14 -22%35 N/A
73 Oracle 13 -54%25 N/A
74 Datadog 13 -55%62 N/A
75 Avis Budget Group 13 8%26 N/A
76 ProPetro 13 44%51 N/A
77 enCore Energy 13 -24%40 N/A
78 Xerox 12 20%121 N/A
79 BlackRock Institutional Trust Company N.A. - BTC iShares Russell 2000 12 71%19 N/A
80 MicroStrategy 12 -8%6 N/A
81 Castellum 12 1,100%54 N/A
82 Permian Resources 12 N/A67 N/A
83 Western Digital 11 38%95 N/A
84 Bloom Energy 11 -21%20 N/A
85 VanEck Vectors ETF Trust - VanEck Vectors Semiconductor ETF 11 -50%12 N/A
86 Arista Networks 10 -33%21 N/A
87 Eversource Energy 10 43%15 N/A
88 Salesforce 10 11%32 N/A
89 Goldman Sachs ETF Trust - Goldman Sachs Just Us Large Cap Equity ETF 10 11%151 N/A
90 Red Cat Holdings 10 150%24 N/A
91 Amprius Technologies 10 -64%21 N/A
92 Block 10 233%26 N/A
93 Webull 10 233%29 N/A
94 Richtech Robotics 9 13%17 N/A
95 Trump Media & Technology Group 9 80%38 N/A
96 Dow 9 -70%32 N/A
97 Nike 9 13%1,062 N/A
98 ASML 9 200%19 N/A
99 Lumentum 9 -44%20 N/A
100 SSgA SPDR Gold Shares 9 350%23 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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