electric car maker Tesla Corporation (NASDAQ:TSLA) It appeared as the most discussed stock in the r/WallStreetBets forum on Reddit as of early Wednesday.
What happened: Exchange Traded Funds SPDR S&P 500 ETF Trust (NYSE:SPY) has the highest forum interest with 528 mentions to press time, followed by Tesla with 289 mentions, according to data from Quiver Quantitative.
Video game retailer GameStop Corp. (NYSE: GME) and movie theater chain AMC Entertainment Holdings Inc. (NYSE:AMC) is in third and fourth place, having attracted 272 and 215 signals, respectively.
See also: How to Buy Tesla Stock (TSLA)
why does it matter: CEO of Tesla Elon Musk He said in a tweet that the company will make some merchandise purchasable Dogecoin (CRYPTO: DOGE) And see how it goes. The move could eventually lead to electric vehicle maker Doge accepting the vehicle for purchase.
Musk is a big supporter of Dogecoin, and his tweets sometimes have an overwhelming impact on the price of the crypto-meme.
Musk was also reported to have been named Person of the Year for 2021 by Time Magazine.
GameStop and AMC shares jumped in the regular trading session on Tuesday, rebounding from the previous session’s sharp losses.
A post on the forum referenced a report from Barron’s that said retail investors are buying the dip in Reddit’s favorite stocks.
price movement: Tesla shares closed down 0.8% in the regular trading session on Tuesday at $958.51 and also lost 0.5% in the after-hours session to $953.34.
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