The GameStop scenario tells us that, yes, it does. Before you dive in and invest, look into the stock yourself and weigh up the risks involved.ĭoes Reddit matter to ordinary investors? You can find out what people are talking about and read their research to find out why the stock is trending. You can do this with the “hot”, “new” and “top” buttons above the posts and choose a time period to sort by. If you’re looking for specific categories, like dividend stocks, you can search for other subreddits. Some examples are r/WallStreetBets, r/Stocks, r/Investing and r/PennyStocks. 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:

A boom of coverage of the now infamous subreddit r/WallStreetBets made sure the frenzy continued through January. 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 Jordan Belfort wading into the debate and hype. In simple terms, short-selling is a bet that the company will fail, with infinite loss potential. 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. The stock became a piece in a rather complicated financial power struggle between a major hedge fund, Melvin Capital, and a group of internet investors who congregated on Reddit. GameStop skyrocketed around 8,000% over six months. This was because GameStop, a US-based video game retailer, spiked over 700% during a frenzied few days at the end of January. Why does Reddit have any impact on the stock market?Īt the start of 2021, Reddit cemented itself as a key trading indicator for many seasoned and institutional investors around the world. 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.

Blue apron cost reddit