Trending stocks on Reddit today

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

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What shares are trending on Reddit right now?

GameStop Corp logo

1. GameStop (GME.US)

Industry: Specialty retail. Latest close price: $181.71 – down 4.98% vs. one month ago.


Meme stock supremo Gamestop is always being talked about in Reddit forums, so it's not surprising to see it top the list today. GME's share have been sliding southwards slowly but surely over the past month. They're down 10% over that period at the time of writing.

Mentions: 310
24hr change: 13%
Upvotes: 5,788
Progenity Inc logo

2. Progenity (PROG.US)

Industry: Biotechnology. Latest close price: $2.5 – up 161.94% vs. one month ago.


Progenity is another stock being eyed up by Redditors for a short squeeze. The company supplies molecular and specialised diagnostic tests for clinicians. It's similar to Smile Direct Club in that it's been a winner for short sellers, trading at nearly $1 after the initial IPO in June 2020 at a price of $15 per share.

AMC Entertainment Holdings Inc logo

3. AMC Entertainment (AMC.US)

Industry: Entertainment. Latest close price: $39.24 – down 1.85% vs. one month ago.


Much like GME or Tesla, AMC is always there or thereabouts in a list like this tracking mentions on Reddit. Like GME, AMC has seen its share price rocket over the last year, and it has held up surprisingly well despite its reputation as a meme stock. Currently, AMC is enjoying a good week, recently jumping 5% as a noted short seller closed their position.

Mentions: 240
24hr change: 48%
Upvotes: 1,538
Corsair Gaming Inc logo

4. Corsair Gaming (CRSR.US)

Industry: Computer hardware. Latest close price: $25.24 – down 9.44% vs. one month ago.


Mentions: 297
24hr change: -14%
Upvotes: 3,205
SmileDirectClub Inc logo

5. SmileDirectClub (SDC.US)

Industry: Medical devices. Latest close price: $5.81.


Smile Direct Club is the latest stock in the sights of many Redditors. Despite being down more than 70% since its IPO, SDC is approaching penny stock status, and that low price status has attracted the attention of Reddit traders who are hoping for a repeat of the short squeeze madness seen with other Reddit stocks.

Mentions: 208
24hr change: -31%
Upvotes: 1,619
BlackBerry Limited logo

6. BlackBerry (BB.US)

Industry: Software-infrastructure. Latest close price: $11.3.


Old school phone-maker Blackberry is another classic meme stock that Redditors love to debate and discuss. Its share price reacted positively on Wednesday after it announced new technology partnerships with Google and Qualcomm.

Mentions: 194
24hr change: 18%
Upvotes: 1,519
Vinco Ventures Inc logo

7. Vinco Ventures (BBIG.US)

Industry: Leisure. Latest close price: $5.99 – down 4.01% vs. one month ago.


Vinco Ventures is another company Redditors are eyeing up for a short squeeze. It's in the business of buying companies in the NFT and blockchain market, so it's basically Reddit investor crack! Over the past week, BBIG has returned more than 20%.

Mentions: 192
24hr change: -43%
Upvotes: 5,439
Aterian Inc logo

8. Aterian (ATER.US)

Industry: Consumer electronics. Latest close price: $8.7 – down 27.5% vs. one month ago.


Aterian made huge gainst recently as it emerged as a new short-squeeze target amongst investors on Reddit's WallStreetBets subreddit. The share price initially pumped due to excitement from retail investors about its AI-powered e-commerce services.

Mentions: 169
24hr change: -12%
Upvotes: 2,256

9. Ocugen (OCGN.US)

Industry: Biotechnology. Latest close price: $8.46.


Shares of the clinical-stage biotech Ocugen were up as much as 22% in premarket on Tuesday morning. The company's stock is heading up due to the news that the C-19 vaccine Covaxin, has been granted to be used by Ocugen.

Mentions: 160
24hr change: -45%
Upvotes: 1,167
Tesla Inc logo

10. Tesla (TSLA.US)

Industry: Auto manufacturers. Latest close price: $894 – up 18.62% vs. one month ago.


As one of the most hyped stocks out there, it's not surprising to see electric vehicle maker Tesla in this list. Tesla recently sold a record 56,006 cars in China in September, with many believing Tesla is in a great position to capitalise on the booming EV market in the world's second biggest economy.

Mentions: 159
24hr change: 1%
Upvotes: 1,265

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 shares, 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.

How to find trending stocks on Reddit

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:

  • Anonymised 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 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.

This article offers general information about investing and the stock market, but should not be construed as personal investment advice. It has been provided without consideration of your personal circumstances or objectives. It should not be interpreted as an inducement, invitation or recommendation relating to any of the products listed or referred to. The value of investments can fall as well as rise, and you may get back less than you invested, so your capital is at risk. Past performance is no guarantee of future results. If you're not sure which investments are right for you, please get financial advice. The author holds no positions in any share mentioned.

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