These Are The Top 10 Stocks WallStreetBets Investors Are Buying

Amid fears of inflation and a dramatic drop in the prices of growth stocks and crypto, the post-pandemic market has been even more confusing to navigate. A part of this is the rise in meme stock, which has been fueled by retail investor bets against short sellers. These meme stock rallies have resulted in billions in losses for big finance capital, leading to regulatory probes and calls for policing around trading on applications like Robinhood. 


Even though GameStop and AMC Entertainment Holdings, Inc have taken the spotlight on Reddit trading and the influence of small investors on the WallStreetBets forum, other stocks remain popular on the platform.

Below is a list of the 10 new stocks investors on Reddit's WallStreetBets are buying, in order of last to first:


10. Workhorse Group Inc. (NASDAQ: WKHS)

Share Price:$16.96

Market Cap: $2.09 billion

Workhorse Group Inc. makes and sells electric-powered delivery and utility vehicles. The company's stock has gone up in recent weeks amid buzz around government incentives for clean energy firms and increased mention of the firm on Reddit forums like WallStreetBets. The stock has offered investors over 82% returns in the past twelve months. 

On the 10th of May, Workhorse Group announced that it was entering into a partnership with EAVX to develop a new electric-powered delivery vehicle that would expand the product line of the firm and enable it to move into new consumer markets. 

At the end of the first quarter of 2021, 16 hedge funds held stakes worth $96.6 million in Workhorse Group, the same number as in the previous quarter which worth $90.8 million.



9. Virgin Galactic Holdings, Inc. (NYSE: SPCE)

Share Price: $54.84 

Market Cap: $13.2 billion

Virgin Galactic Holdings Inc. is a spaceflight company that intends to be the first commercial spacecraft carrier catering to tourists. The company was founded in 2004 by billionaire businessman Richard Branson 2004. The company’s shares have given investors a return of about 163% in the past twelve months, with its shares going up 136.2% year-to-date. 

On June 3, shares of Virgin Galactic Holdings surged more than 3% after the company disclosed that it would be flying a researcher onboard an aircraft to test new healthcare technology and show the benefits of the spaceflight system.

So far, New York-based investment firm Renaissance Technologies is the leading shareholder in Virgin Galactic with 2.8 million shares worth more than $86 million. 



8. UWM Holdings Corporation (NYSE: UWMC)

Share Price: $9.25

Market Cap: $14.85 billion

UWM Holdings Corporations is a wholesale mortgage lender. 

The stock has returned given investors over 15% return in the past three months. The stock's popularity on Reddit forums is primarily responsible for its price rally because nearly all investment advisories like Jefferies, Wedbush, and Credit Suisse either do not have positive ratings on the company or have downgraded it recently. On Thursday, the shares went up as high as $10.



7. Corsair Gaming, Inc. (NASDAQ: CRSR)

Share Price: $33.35

Market Cap: $3.07 billion

Corsair Gaming, Inc. is a California-based computer hardware company. It develops and sells gaming and streaming products across North America, South America, Asia, Europe, and Australia. Some of these products include keyboards, mice, headsets, and gaming controllers.  

The company's stock price has recorded growth in the past few weeks as the stock gains traction on Reddit. It peaked on the 14th of June at $36.

On the 4th of May, Corsair Gaming shared earnings results for the first quarter of 2021, reporting earnings per share of $0.58, beating market predictions by $0.25. The company's revenue over the period was close to $530 million, up 71% year-on-year. 

Chicago-based investment firm Citadel Investment Group is a leading shareholder in Corsair Gaming with 414,300 shares which are worth more than $13.7 million. 




6. Skillz Inc. (NYSE: SKLZ)

Share Price: $21.79 

Market Cap: $8.64 billion

Skillz Inc. is the operator of a popular mobile gaming platform that acts as a hub for gamers. The company's stock has returned over 93% to investors in the past year. In the past week, the stock has gone up 15%, due to the traction it has been on WallStreetBets.

On June 2, Skillz signed a $150 million deal with Aarki to purchase a tech-centered advertising platform. The company said the move was part of a push to expand into the mobile gaming industry. 



5. Clean Energy Fuels Corp. (NASDAQ: CLNE)

Share Price: $10.83

Market Cap: $2.71 billion

Clean Energy Fuels is a renewable energy company operating in the United States and Canada. The markets renewable natural gas and clean transportation solutions.

In the past year alone, the company’s shares have offered investors returns exceeding 408%.

On June 22, Clean Energy stock soared 5% after the firm disclosed that it had contributed $50 million to a joint venture with energy company BP to facilitate dairy renewable gas projects that will kick off production in 2022. In the past month, the stock has gone up by 33.7%.

So far, Chicago-based investment firm Driehaus Capital is a leading shareholder in Clean Energy Fuels Corp. with 2.3 million shares worth more than $32 million.




4. Tesla, Inc. (NASDAQ: TSLA)

Share Price: $688.72

Market Cap: $663.46 billion

Tesla is an electric vehicle maker, which also has interests cut across the clean energy sector and cryptocurrencies. The company's stock is one of the most popular ones on the WallStreetBets forum on Reddit and this is probably why the company's share price has not experienced a hard crash in recent weeks even after all of the drama in the crypto sector. In the past year, Tesla's stock has returned over 252% to investors.

On June 24, the company's owner Elon Musk announced that Starlink, the satellite internet project of the company, would not be going public anytime soon but that if/when it does, Telsa shareholders will receive access to the initial public offering.  




3. ContextLogic Inc. (NASDAQ: WISH)

Share Price: $14.40

Market Cap: 8.91 billion

ContextLogic Inc is a mobile e-commerce company operating across North America, South, America, and Europe. The company owns the popular Wish platform which connects users and merchants. Apart from just connecting users with merchants, the firm also provides logistical services to businesses. In the past four weeks, the company’s shares have returned over 58% to investors.

On June 14, after the company announced a two-year partnership agreement with PrestaShop, its stock went up by about 5%. It currently trades at $14.40.



2. Paysafe Limited (NYSE: PSFE) 

Stock Price: $12.34

Market Cap: $8.93 billion

Paysafe markets payment solutions to online businesses and consumers. The company operates the Skrill and NETELLER brands, as well as others, which allow users to make transactions through a virtual account. What the company is most popular for is its eCash solutions, a payment method by which online dealings can be paid with cash upon finalization.

On the 26th of May, Paysafe Limited entered into a partnership with Repay Holdings that will enable merchants of Repay to allow cash payments at about the 60,000 retail partner locations of Paysafe. 




1. Clover Health Investments, Corp. (NASDAQ: CLOV) 

Share Price: $12.80

Market Cap: $5.22 billion.

Clover Health Investments is a health insurance provider that operates through a software platform. In the past three months, the company’s shares have returned over 76% to investors. Its shares have jumped in recent weeks, leading the SEC to reveal that the company is presently in a short squeeze. 

On the 24th of June, Clover Health stock surged 8% to $14.98 after the company announced that it would be expanding into more than 100 new markets, doubling its presence globally.


Be the first to comment!

You must login to comment

Related Posts