Visualizations help us understand the data better, so we’ve created this chart to figure out which stocks were mentioned the most on Reddit’s WallStreetBets during the past 24 hours.
What’s so special with r/WallStreetBets?
r/WallStreetBets is one of the most active subreddits on Reddit and is the place where millions of retail traders come together and discuss the hottest stocks and share their ideas. Even the hedge funds are closely tracking what’s been discussed on this subreddit since the meme stocks craze. The stocks mentioned here get institutions’ attention because they want to understand which stocks the retail traders can drive higher.
SPY, GME and TSLA have been the most mentioned stocks on the most popular threads and on the top comments on Dec 23, 2021. These stocks were also among the top mentioned stocks during the past weeks. AMC, NVDA, AMD and BB also were mentioned more than 20 times during the past 24 hours on wsb. Both of these stocks – except for BB – are edging higher during the premarket trading on Dec 23, 2021.
You might want to keep an eye on the hottest stocks among the retail traders
According to a recent data from CNBC, the retail investors account for more than 25% of the options trading activity. They have managed to create massive short squeezes on stocks like AMC and GME.
It could definitely be a rational move to quantify which stocks are being discussed on a daily basis to figure out the hottest and trending stocks among the retail traders.
We plan to share these charts on a regular basis to help the traders to keep track of the most popular stocks on Reddit’s WallStreetBets. Let us know what you think and feel free to suggest improvements.