Heading into a new trading week,SPDR S&P 500 ETF Trust(NYSE:SPY) continues to see the highest interest on Reddit’s r/WallStreetBets forum, followed byGameStop Corp.(NYSE:GME),AMC Entertainment Holdings Inc.(NYSE:AMC), andKraft Heinz Co. (NASDAQ:KHC).
What Happened: Exchange-traded fund SPDR S& 500 ETF remained themost-discussed stock on the forum with 190 mentions, while videogame retailer GameStop Corp. received 74 mentions during the last 24 hours at press time late Sunday, data from Quiver Quantitative showed.
Movie theatre chain AMC Entertainment and food company Kraft Heinz took the third and fourth spots, having attracted 49 and 37 mentions, respectively.
The other stocks that are trending on the forum include tech giantApple Inc.(NASDAQ:AAPL), e-commerce companyContextLogic Inc.(NASDAQ:WISH), medical insurance technology companyClover Health Investments Corp.(NASDAQ:CLOV), electric vehicle makerTesla Inc.(NASDAQ:TSLA), graphics chipmakerNvidia Corp.(NASDAQ:NVDA), and software companyPalantir Technologies Inc.(NYSE:PLTR).
Why It Matters:Shares of both AMC Entertainment and GameStop are seeing high volatility in recent days amid continued interest from retail investors.
Shares of Tesla experiencedunusual options activityon Friday. It wasreported over the weekend that the Elon Musk-led company has launched a subscription service for its Full Self-Driving (FSD) driver-assistance software package for $199 per month.
A post on the WallStreetBets forumdubbedKraft Heinz a "saucy play," noting that there's a "nationwide ketchup shortage" in the United States and that the company owns "nearly 70%" share of the U.S. ketchup market.
Price Action: SPDR S&P 500 ETF Trust shares closed almost 0.8% lower in Friday’s trading session at $431.34, while GameStop shares closed 1.3% higher at $169.04.
AMC Entertainment shares closed almost 2.9% lower in Friday’s trading session at $34.96.