WallStreetBets (WSB), the popular Reddit community known for aggressive trading tactics and meme stock surges, continues to exert significant influence on retail investing trends[1]. The group is renowned for pushing particular stocks to extreme highs through coordinated buying, as seen during the GameStop (GME) rally in early 2021[2].
Most recently, WSB targeted Opendoor (OPEN), driving its share price up by 537% to a Tuesday peak before it sharply declined by nearly 50% later the same day. Despite the fall, Opendoor’s shares remained up 300% from their bottom in late June. Offerpad, another iBuyer rival, experienced a similar surge, with its stock rising by 438% before dropping 56% from its high, yet still notably higher than its previous lows[3].
The subreddit remains highly active, with “meme stocks” frequently trending based on the volume of mentions and positive sentiment among users. Monitoring tools track the most-discussed stocks daily, reflecting ongoing community-driven trading strategies and market sentiment[4].
References
- [1] r/wallstreetbets – Wikipedia
- [2] Everything you need to know about WallStreetBets: An explainer of the online forum behind the GameStop short squeeze and its creatively subversive poetic terrorism
- [3] To HODL or not to HODL? Opendoor stock plummets after Reddit-fueled surge
- [4] WallStreetBets Top Trending Stocks – Swaggy Stocks
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