As traders look to replicate the success of Wall Street Bets stocks, one data aggregator is compiling the most mentioned stocks on the subreddit.
Hertz investors received more than $1 billion in value from the bankruptcy exit, in the form of $239 million and warrants for 18% of the company.
Its decision to close down is unrelated to the battle between individual investors and hedge funds that drove GameStop's stock up 1,700%.
The small biotech firm, which was popular on Reddit, saw its market value jump from $200 million in May to over $450 million last Friday.
Total hedge fund losses from betting against popular meme-stocks amount to $6 billion since the start of May.
"The bigger it goes, the farther it's going to fall," said the CEO of investment research firm New Constructs.
The gift of AMC CEO to his sons has grown five-fold thanks to a monster rally driven in part by Reddit traders this week.
Data from MarketBeat show that 39% of Workhorse's shares are shorted, compared to 21% for Reddit darling AMC
Bed Bath & Beyond, BlackBerry, GameStop, and Koss Corp., all rallied Wednesday as AMC surged to a record high.
GameStop stock has witnessed a resurgence of late, but short interest remains elevated at around 20%, according to data from S3 Partners.
Damien Roscoe told The Wall Street Journal he invested in the car rental company even though he knew the company was bankrupt. "I know it sounds crazy."
27% of outstanding Beyond Meat shares are currently sold short, according to data from S3 Partners, making the company a potential Reddit target.
"The first thing you don't do is you don't short these stocks," Joe Terranova, chief market strategist at Virtus Investment Partners told CNBC Thursday.
Reddit chatter surrounding the meme stock pushed AMC shares higher as retail traders aim to revive their January short squeeze saga.
An analyst described MicroVision as Reddit's "new flavor of the month", but doubts it will be the next GameStop.
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