Research Alert: Bull sees Reddit

Daryl Smith, CFA, Head of Research (London)

Neudata News
Post feature

A year ago I wouldn’t have predicted I’d be writing a note largely dedicated to tracking what people are saying on Reddit, but here we are.

I probably don’t need to tell you we’ve seen a crazy week in the world of retail investments, with GameStop and Blackberry seeing considerable retail-driven squeezes. As I write this, AMC Entertainment is the latest target for what appears to be an ever-expanding army of day traders. And that trend might have passed by the time you read this…

As you might expect, we’ve been seeing our own spike of interest – mainly from funds wanting to get a handle on what retail investors are thinking on aggregate.

For the uninitiated, the Reddit forum r/wallstreetbets is considered to be one of the main driving forces behind recent price moves. As a result, this has been honed in on by many institutions.

Request a Neudata trial

We'd like to know a bit more about you and your business, so we can deal with your request efficiently.
We take your privacy seriously and handle your personal data in line with our privacy statement.

We use your email address as part of allowing you access to your account and in order to provide you details with our products that might be of interest to you