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home / news releases / SI - Beyond Meat joins GameStop and AMC on favorite meme stocks on Reddit

SI - Beyond Meat joins GameStop and AMC on favorite meme stocks on Reddit

Silvergate Capital Corp - Class A
Bank of America is paying even closer attention to Reddit trends on WallStreetBets as share prices of the favorite meme stocks have stayed resilient. The firm says it believes some of the new retail activity on favorite Reddit names may be here to stay given "zero commissions, more time at home, and high savings rates." While the party may go on for a while, moderation in Reddit-fueled rallies is expected later this year amid peak stimulus, re-opening and potential regulatory action. The top mentioned stocks on Reddit per tracking by BofA are AMC Entertainment (AMC), GameStop (GME), Virgin Galactic (SPCE), Athene Holding (ATH), Plug Power (PLUG), Antero Midstream (AM), Academy Sports and Outdoors (ASO), Clean Energy Fuels (CLNE) and Silvergate Capital (SI). What to watch: A couple of new names on the top 20 Reddit mention list over the last two weeks are BioCryst (BCRX) and Beyond Meat (BYND). Read more

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Beyond Meat joins GameStop and AMC on favorite meme stocks on Reddit
Stock Information
Company Name: Silvergate Capital Corp - Class A
Stock Symbol: SI
Market: NYSE
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