Heading into a new trading week after the holiday weekend, Clover Health Investments Corp. CLOV is seeing the highest interest on Reddit’s r/WallStreetBets forum, while GameStop Corp. GME, AMC Entertainment Holdings Inc. AMC, Tesla Inc. TSLA and Alibaba Group Holding Limited BABA are among the most-discussed stocks.
What Happened: Clover Health emerged as the most-discussed stock on the forum with 257 mentions as of Monday night, followed by exchange-traded fund SPDR S&P 500 ETF Trust SPY with 151 mentions, data from Quiver Quantitative showed.
Video-game retailer GameStop and movie-theater chain AMC Entertainment are in the third and fourth positions, having attracted 82 and 44 mentions, respectively.
Apart from electric vehicle maker Tesla and Chinese e-commerce giant Alibaba, the other stocks that are trending on the forum include data analytics company Palantir Technologies Inc. PLTR, Canada-based cryptocurrency mining company Hut 8 Mining Corp. HUT, cybersecurity company IronNet Inc. IRNT and chipmaker Advanced Micro Devices Inc. AMD.
See Also: Here Is Why Apple Employees Are Not Happy With CEO Tim Cook
Why It Matters: Clover Health, which has 15.2% of its total float held short, is seeing high interest on the WSB forum. A post on the forum noted that Clover could be setting up for a short squeeze that will be the mother of all short squeezes (MOASS) when it happens.
GameStop’s shares closed more than 5% lower on Friday. The company will report its second-quarter earnings results on Wednesday, Sept. 8.
Shares of Hut 8 Mining gained almost 19.5% on Friday. The company said in a production update that it mined 326 bitcoin during the month of August and also held 4,450 tokens of the apex cryptocurrency on its balance sheet.
Price Action: Clover Health shares closed 0.3% lower in Friday’s trading at $8.84, while SPDR S&P 500 ETF Trust shares closed less than 0.1% lower at $453.08.
GameStop’s shares closed more than 5% lower in Friday’s trading at $202.75.
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