![]() ![]() Like GameStop, hopes for a turnaround are fueling the rise in BB shares.Īlthough BlackBerry is familiar to many for its cell phone line, the company switched its focus back in 2016 and sold off many of its handset assets. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.Besides GME stock, BlackBerry (NYSE: BB) is making the rounds on r/WallStreetBets as a top ticker. compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. We may also receive compensation if you click on certain links posted on our site. We may receive compensation from our partners for placement of their products or services. While we are independent, the offers that appear on this site are from companies from which receives compensation. There are some advantages to researching stocks on Reddit, as well as some things you should watch out for.į is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. Reddit is just the latest evolution of that. The internet has been used for talking about stocks and investments since its inception. Is Reddit a reliable place to research stocks? Reddit is also planning an IPO, and there are rumors that the next Reddit stock may be Reddit itself - though it’s too early to say for sure. Some of the most commonly talked about stocks include GameStop, AMC Entertainment, Tesla and BlackBerry. Reddit has provided some of the most dramatic investing stories since the start of 2020, the most famous of those being the GameStop frenzy. This changed the dynamics of investing somewhat – you’d think in favor 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. The internet has empowered retail investors, the combined force of which now matches institutions when it comes to buying power and volume. The GameStop affair has also caused a lasting shift in the analysis conducted by institutions. 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. For example during the frenzy, some brokerages suspended trading of certain stocks, and the frenzy even caused outages of entire apps. 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. All international money transfer services. ![]()
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