Robinhood Becomes Top WallStreetBets Interest But Not For The Right Reasons; AMD, Amazon, Tilray Other Top Trends - Advanced Micro Devices (AMD), Amazon (AMZN) | Benzinga

Robinhood Becomes Top WallStreetBets Interest But Not For The Right Reasons; AMD, Amazon, Tilray Other Top Trends – Advanced Micro Devices (AMD), Amazon (AMZN) | Benzinga

RobinHood Markets Inc. (NASDAQ: HOOD), Advanced Micro Devices Inc. (NASDAQ: AMD) and Amazon.com Inc. (NASDAQ: AMZN) are among the stocks seeing the highest interest on Reddits r/WallStreetBets online forum since Thursday night.
What Happened: Online brokerage Robinhood Markets was the most-discussed stock on the forum with 1,360 points out, followed by exchange-traded fund SPDR S&P 500 ETF Trust (NYSE: SPY) with 854 mentions throughout the last 24 hours, data from Quiver Quantitative revealed.
Chipmaker Advanced Micro Devices and e-commerce giant Amazon.com remain in the third and fourth positions, having attracted 592 and 571 discusses on the online forum respectively.
The other stocks that are trending on the online forum include Canadian marijuana manufacturer Tilray Inc. (NASDAQ: TLRY), video game seller GameStop Corp. (NYSE: GME), electrical vehicle maker Tesla Inc. (NASDAQ: TSLA), steelmaker Cleveland-Cliffs Inc. (NYSE: CLF), Pinterest Inc. (NYSE: PINS) and Facebook Inc. (NASDAQ: FB).
Why It Matters: Robinhood Markets made its extremely anticipated stock-market launching on Thursday, but some upset Reddit investors desire nothing to do with the business as it had actually put controversial short-term purchasing constraints on Reddit-favorite stocks such as GameStop earlier this year.
The leading post on the WSB forum on Thursday, which had over 36,800 upvotes at press time, related to Robinhood. An overwhelming bulk of the remarks expressed unfavorable beliefs connected to the companys stock.
One of the WSB members dubbed Robinhood as a “future cent stock,” while another member implicated the business of having a mission to “take from the bad and offer to the abundant.”
Amazon.com reported second-quarter incomes that beat price quotes, while revenue missed out on expectations and it likewise provided weak third-quarter revenue assistance.
Pinterest, an online product and concept discovery platform, is seeing interest from retail financiers after reporting better-than-expected outcomes for the second quarter on Thursday.
Rate Action: Robinhood shares closed almost 8.4% lower in Wednesdays regular trading session at $34.82, but edged up less than 0.1% in the after-hours session to $34.85.
SPDR S&P 500 ETF Trust shares closed 0.4% higher in the regular trading session at $440.65, but decreased nearly 0.6% in the after-hours session to $438.20.
Advanced Micro Devices shares closed 5.1% higher in the regular trading session at $102.95, however decreased 1.5% in the after-hours session to $101.36.
This material was initially published here.


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