Social Buzz: Gamestop Shares Rise, Most Other Wallstreetbets Reddit Stocks in Negative Territory
06:48 AM EDT, 05/11/2021 (MT Newswires) -- Gamestop (GME) shares were up more than 1% early Tuesday, while the majority of other stocks supported by Reddit investors were down in early trading activity following weakness on Monday.
One exception was AMC Entertainment Holdings (AMC) that traded more than 8% higher.
Palantir Technologies (PLTR), which at the moment is the leader among wallstreetbets stocks in terms of frequency of mentions on Reddit forums, was down 4%.
Rocket Companies (RKT) wad down 3%, Tesla (TSLA) down 4%, UWM Holdings (UWMC) down more than 3%, Advanced Micro Devices (AMD) down nearly 3%, and Alibaba Group Holding (BABA) was down more than 2%.
Among the major price movers, Inovio Pharmaceuticals (INO) was down 8%.
The new addition to Wallstreetbets Reddit stocks, sports betting operator DraftKings (DKNG) was down 3%, while another new addition Canadian cannabis company Tilray Inc (TLRY) was down 5%.
Price: 14.28, Change: -0.76, Percent Change: -5.05