![]() AMC’s stock first soared along with GameStop’s. With AMC, the stock soared for no apparent reason. It wasn’t until after he was brought on that the stock soared. Investors then expected that he would change the fundamental direction of the company. With GameStop, Ryan Cohen joined the board of directors. That’s because it is the largest movie theater chain in the world.ĪMC is a little like GameStop in reverse. If you have ever been to the movies then you’re familiar with AMC. R/amcstock has just under half a million users, which is more than r/gme. ![]() It is also another Reddit stock that has its own subreddit. 4 AMC Entertainment Holdings (NYSE: AMC)ĪMC is another one of the top Reddit stocks to buy. It is also up 694% over the past five years. GameStop’s stock is up over 1,000% so far in 2021. With his leadership, GameStop certainly has the potential to turn its faltering business around. These are investors who will likely hold the stock through thick and thin. This number is probably much, much higher. First, it has a following of at least 350,000 loyal investors (r/gme). GameStop has two crucial assets that make it an attractive buy. Beware of short-term price swings with this stock. It appears as though short-sellers and retail investors are still playing tug of war. Additionally, there is a lot of volatility with GameStop stock. Significant changes to its core business model could take years to take form. Its revenue has been falling for years and retail overall is declining. Keep in mind that GameStop still has a long way to go. Most of the excitement around GameStop is about what the company could be. He has big plans to reinvent GameStop’s eCommerce offerings. It recently hired Ryan Cohen, who is the entrepreneur behind Chewy. GameStop initially surged because Reddit traders thought that the company had unrealized potential. It operates primarily through brick-and-mortar stores. If you’re not familiar, GameStop is a video game and electronics retailer. The Reddit conversation around GameStop stock has actually relocated from WallStreetBets to r/gme. Despite its “old age”, I still consider GameStop to be one of the best Reddit stocks to buy. GameStop is the stock that actually created the term “Reddit stock”. These are all popular Reddit stocks that are actually backed by quality companies.īest Reddit Stocks to Buy No. To help cut through the noise, I’ve identified some of the best Reddit stocks to buy. Sifting through the volume of comments to find the gems can be time-consuming. Every day, thousands of people comment on different Reddit forums about dozens of different stocks. The Reddit group that uncovered GameStop, R/WallStreetBets, has about 11 million members. Since that event, everyone has been eager to discover the next best Reddit stocks to buy.ĭoing this is easier said than done. In the process, GameStop’s price skyrocketed and short-sellers lost billions. With GameStop, a group of stock traders banded together on Reddit to pool their knowledge. GameStop’s surge in early 2021 showed the power that individual investors can have.
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