© Reuters. WSB stars: Tesla, Canoo, Alibaba and more
Tesla Inc. (NASDAQ :) led discussions on r / WallStreetBets Monday night, followed by Canoo Inc. (NASDAQ: GOEV), SmileDirectClub Inc. (NYSE: SDC), Clean Energy Fuels Corp. (NASDAQ: CLNE) and Alibaba (NYSE :) Group Holding Limited (NYSE: BABA).
What happened SPDR S&P 500 ETF Trus (NYSE: SPY) continues to be the most discussed security on the forum with 511 mentions, followed by electric vehicle maker Tesla, cited 348 times, data shows by Quiver Quantitative .
Electric vehicle startup Canoo and oral care company SmileDirectClub rank third and fourth, with 245 and 204 mentions, respectively.
Other trending stocks on Reddit also include renewable energy company Clean Energy Fuels, Chinese e-commerce giant Alibaba, health insurance company Clover Health Investments Corp. (NASDAQ: CLOV), video game retailer. GameStop Corp . (NYSE: NYSE :), data analytics company Palantir Technologies Inc. (NYSE: PLTR), and deepwater mining company TMC, Metals Company (NASDAQ: TMC).
Why This Matters The Tesla title has been the most discussed in the forum. Company CEO Elon Musk wrote in his end-of-quarter note to employees that this is “the busiest delivery week ever.”
SmileDirectClub continues to generate great interest on Reddit as retail investors highlight the company’s short-term interest. According to the latest data from Yahoo! Finance, approximately 32.6% of the company’s free float would be held short.
Shares of Clean Energy Fuels were up nearly 14% in Monday’s trading on increased interest from retail investors. Additionally, the firm’s CEO, Andrew Littlefair, had posted an “Ask Me Anything” interview on Reddit on Monday, after the closing bell.
Price movement Shares of the SPDR S&P 500 ETF Trust fell 0.3% to $ 442.64 on Monday, dropping a further 0.1% to $ 442.33 after the closing bell.
Shares of Tesla were up almost 2.2% to $ 791.36, except they fell 0.6% to $ 786.50 after the close.
Canoo shares were down about 8%, hitting $ 8.32, except they bounced almost 1.1% to $ 8.41 after the close.
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