May 6, 7:00 am
Reddit’s influence on the stock market is undeniable, with discussions often serving as a barometer for investor interest. This past week showed a fluctuation in mentions providing a mix of bullish sentiment and market activity potentially worth noting for traders looking to the "front page of the internet" for investment insights.
Notably, Reddit itself took the spotlight, leading the count with a bullish outlook as its mentions surged by 23%, positively impact its stock price. GameStop continued to hold investor fascination, seeing mentions grow alongside its price. While Tesla's mentions fell significantly, bearish sentiment cast a shadow on its stock value. Contrarily, Apple’s mentions more than doubled, accompanied by bullish sentiment and a healthy uptick in stock value.
Starbucks experiences a meteoric rise in mentions though sentiment remained neutral, yet the stock slid down. Conversely, stocks like NVIDIA, Amazon, and Google enjoyed bullish chatter paired with modest gains. AMD’s discussions surged with positive sentiment, despite its stock taking a hit, whereas Intel’s mentions slightly dipped along with its stock price.
In conclusion, analyzing Reddit chatter presents intriguing glimpses into stock market narratives, potentially predicting trends. While sentiment and stock movements don't always align, the crowd’s wisdom—or noise—on Reddit is an alternative data stream that can’t be ignored.
Company | Mentions | Sentiment | Price | AI Score | |
---|---|---|---|---|---|
14,587 23.4% |
$48.30 4.3% |
62 |
|||
GameStopGME |
5,817 27.9% |
$16.09 42.4% |
20 |
||
TeslaTSLA |
4,559 55.2% |
$186.50 4% |
47 |
||
AppleAAPL |
3,331 143.1% |
$182.27 5.1% |
44 |
||
NVIDIANVDA |
2,621 23.9% |
$909.61 3.6% |
63 |
||
AmazonAMZN |
1,789 56.4% |
$186.00 2.8% |
50 |
||
1,636 42.3% |
$168.09 1.2% |
59 |
|||
AMDAMD |
1,271 122.2% |
$154.17 3.7% |
51 |
||
StarbucksSBUX |
1,212 1709% |
$73.62 16.7% |
33 |
||
IntelINTC |
1,192 3.4% |
$31.09 0.8% |
49 |
For more information and to stay updated the most mentioned stocks on Reddit in realtime, visit Top Reddit Stocks in the past 24 hours.
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