GME - Petco and B&G Foods join hot Reddit list even as meme fatigue sets in

Petco Health and Wellness Company (WOOF) and B&G Foods (BGS) are the two latest additions to the hot Reddit mentions list, according to tracking by Bank of America. BofA says while conversations generally accelerated for most stocks on its Reddit screen last week, overall WallStreetBets conversations have barely risen in recent weeks and retail options usage remains well-below Q1 levels. "Additionally, using AMC as a case study, the latest rally saw more short-dated call strikes available for trading and a more balanced volume between calls and puts, suggesting a reduced capacity for gamma squeezes via call options in pushing up shares during the latest rally," notes the firm. The top trending stocks on Reddit based on mentions in top 100 posts are AMC Entertainment (AMC), Clean Energy Fuels (CLNE), GameStop (GME), Cleveland-Cliffs (CLF) and Workhorse Group (WKHS). Earlier this week, Morgan Stanley's CEO warned on the impact of meme investing.

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Petco and B&G Foods join hot Reddit list even as meme fatigue sets in