Through creating retail investor interest on platforms like Facebook, Reddit, and Robinhood, certain companies have seen massive surges in share prices and volumes. These surges are speculative, volatile, and seemingly random, but they have created what we now know as Reddit stocks or meme stocks.
From these social media-driven stocks has come the rise in meme investing; a newer concept on Wall Street borne out of commission-free trading, that has become incredibly popular with retail traders. But meme investing can be very risky. The initial surge in price and volume is due to viral interest online; there is a good chance that the stock will also lose its value once the press settles. So, while you can make a lot of money in a short time, there is also the opportunity to lose a lot if you get in at the wrong time.
Whether you decide to invest in these volatile stocks or keep a pulse on the market so you understand what smaller sellers are focused on, these are the Reddit stocks to watch right now!
AMC Entertainment Holdings, Inc. (NYSE:AMC) is a movie theatre company in the United States. Last seen trading at $55.37, AMC hit a record high of $72.62 on June 2.
GameStop Corporation (NYSE:GME) is a video game retailer and perhaps the original Reddit stock, exploding onto the scene in January 2021. Last seen trading around $300, GME is up 5,902% year-over-year. That is not a misprint.
Bed Bath & Beyond Inc. (NASDAQ:BBBY) is an American chain of domestic merchandise retail stores. BBBY is trading at $36.66 and is up 271% year-to-date.
PetMed Express, Inc (NASDAQ:PETS) is an online pet pharmacy based in the United States. PETS is up 17% in June alone.
Nikola Corporation (NASDAQ:NKLA) is an American company that makes zero-emission vehicles. Last seen trading at $18.66, Nikola stock is up 34% this quarter, despite trading in penny stock territory in mid-April.
Pennsylvania Real Estate Investment Trust (NYSE:PEI) is a real estate investment trust (REIT) thats up 66% in the last month and hit an annual high of $3.42 on June 2.
Tech giant BlackBerry Limited (NYSE:BB) has had a revival of sorts in the last year, up 173% in the last 12 months. This includes a 57% gain already in June.
Sundial Growers (NASDAQ:SNDL) is a Canadian cannabis company that has gotten hotter at the onset of summer. Sundial stock is up 141% in 2021.
Palantir Technologies Inc. (NYSE:PLTR) is an American software stock that specializes in big data analytics. Palantir is up 23% in the last 30 days, bouncing off the $18 level.
Tech stock Nokia Corporation (NYSE:NOK) is up 42% in the last three months.
Nio Inc. (NYSE:NIO) is an electric car company based in America. The Tesla (TSLA) rival was red-hot heading into 2021. Although the stock is down 10% year-to-date, its tacked on 18.5% in the last month.
Cannabis stock Tilray, Inc. (NASDAQ:TLRY) is up 142% year-to-date, but last seen trading at $20, remains a ways off its Feb. 10 all-time high of $67.
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