- Reddit's WallStreetBets forum entered the mainstream during the January GameStop craze.
- Driving stocks like GameStop to AMC Entertainment, 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 WallStreetBets crowd is talking about this year has paid off, as several have gone through epic rallies and seen heightened volatility.
From GameStop in January to AMC Entertainment in June, 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, in-part led 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.
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. SoFi
Ticker: SOFI
WallStreetBet Mentions Over Past 24 Hours: 145
Market Capitalization: $18.5 billion
One-Week Performance: -1.7%
9. Disney
Ticker: DIS
WallStreetBet Mentions Over Past 24 Hours: 161
Market Capitalization: $287.9 billion
One-Week Performance: -9.0%
8. Tilray
Ticker: TLRY
WallStreetBet Mentions Over Past 24 Hours: 162
Market Capitalization: $6.0 billion
One-Week Performance: 0.4%
7. Marathon Digital
Ticker: MARA
WallStreetBet Mentions Over Past 24 Hours: 191
Market Capitalization: $5.7 billion
One-Week Performance: -30.5%
6. Riot Blockchain
Ticker: RIOT
WallStreetBet Mentions Over Past 24 Hours: 201
Market Capitalization: $4.0 billion
One-Week Performance: -9.1%
5. Clover Health
Ticker: CLOV
WallStreetBet Mentions Over Past 24 Hours: 225
Market Capitalization: $3.2 billion
One-Week Performance: -9.1%
4. Lucid
Ticker: LCID
WallStreetBet Mentions Over Past 24 Hours: 299
Market Capitalization: $72.6 billion
One-Week Performance: 7.0%
3. Nvidia
Ticker: NVDA
WallStreetBet Mentions Over Past 24 Hours: 299
Market Capitalization: $749.4 billion
One-Week Performance: -2.4%
2. Rivian
Ticker: RIVN
WallStreetBet Mentions Over Past 24 Hours: 388
Market Capitalization: $129.7 billion
One-Week Performance: 49%
1. Tesla
Ticker: TSLA
WallStreetBet Mentions Over Past 24 Hours: 1,170
Market Capitalization: $1.02 trillion
One-Week Performance: 2.6%
