According to Goldman Sachs research, retail investors will invest more than $400 billion in stocks this year. The majority of retail investors began investing in stocks in 2020, according to MFA’s Marketplace Fairness report. In January 2020, these retail investors accounted for only 17% of total market trades. Within six months, that figure had risen to more than 25%. The median age of these traders is just 31 years old, and the majority use online trading platforms such as Robinhood. Additionally, these investors use social media platforms such as Reddit to discuss strategy.
Here is Insider Monkey’s list of the 10 Reddit YOLO stocks that are losing ground. CareDx, Inc. is ranked tenth on the list of the ten worst Reddit YOLO stocks. The company provides diagnostic services for transplant patients. ARK Investment Management, a New York-based investment firm, is a significant shareholder, owning 4.5 million shares worth more than $417 million. Sprinklr, Inc. is ranked ninth on the list of the ten worst Reddit YOLO stocks. The company, which is headquartered in New York, provides application software services. 16 hedge funds in Insider Monkey’s database held stakes in Sprinklr totaling $50 million. Lucid Group, Inc. is a technology and automotive company based in California. Athanor Capital is the company’s largest shareholder, owning more than 4.2 million shares valued at more than $123 million. It is ranked eighth on the list of the ten worst Reddit YOLO stocks. Urban Outfitters, Inc. is ranked seventh on the list of the ten most undervalued Reddit YOLO stocks. At the end of the second quarter of 2021, 28 hedge funds in Insider Monkey’s database held $233 million in stakes. Flora Growth Corp. is ranked sixth on the list of the ten worst Reddit YOLO stocks. The company manufactures and sells cannabis products and is based in Canada. MKM Partners maintained a Buy rating on the stock and increased its price target from $6 to $11.50. For more details, click 10 Reddit YOLO Stocks That Are Losing Ground.
