(NYSE:AMC)’s plans to increase the total number of shares at the company’s latest special meeting. They also reportedly approved AMC Entertainment Holdings, Inc. (NYSE:AMC) shareholders approved a 1-for-10 reverse stock split. Recently, several reports suggested that AMC Entertainment Holdings, Inc. (NYSE:GME) include Mason Capital Management ($21.3 million stake), Point72 Asset Management ($11.2 million stake) and Philippe Laffont’s Coatue Management ($7 million stake). Some notable hedge fund shareholders of GameStop Corp. The total value of these stakes was $155 million. (NYSE:GME) has suffered over the past few months, but GME bulls believe the stock is offering an attractive entry point for long-term gains.Īs of the end of the fourth quarter of 2022, 23 hedge funds reported having stakes in GameStop Corp. (NYSE:GME) continues to remain of the most popular names on the Robinhood platform. (NYSE: GME )Ī trademark retail investor stock pick, GameStop Corp. Best Stocks to Buy on Robinhood for Beginners 11. We gauged hedge fund sentiment for stocks using the database of 943 hedge funds and their holdings tracked by Insider Monkey as of the end of the fourth quarter of 2022. After listing at least 30 stocks trending on Robinhood, we picked 12 stocks with highest number of hedge fund investors. We also used the Robinhood Investor Index, which tracks the most popular stocks of the platform. That’s why it’s important to take a look at which stocks are currently trending on Robinhood are decent options for beginner investors.įor this article, we checked the Robinhood platform and saw which stocks were trending. Not all stocks trading on the platforms are meme stocks.
This decline was recently exacerbated after serious problems of the banking sector came to the limelight.ĭespite this, Robinhood remains one of the most popular platforms for retail traders where millions buy and sell stocks. As subsequent data showed that inflation in the US is far from over and the Federal Reserve made clear that it plans to keep raising interest rates, the stocks started to fall again. This was even more than the levels reached during the 2021 meme stock frenzy.īest Stocks to Buy on Robinhood for Beginners In January, retail trading orders for stocks and ETFs accounted for a whopping 23% of the market’s total volume in late January. When the US stock market started to post huge gains earlier this year without any solid catalysts, some investors to quick to call it a bear market rally. The company said its monthly active users in February came in at 12 million, unchanged from the previous month. Last month, Robinhood reported weak data for monthly active users for the sixth-straight quarter. The retreat of the individual investors from the market is evident from the declining number of visitors on stock trading platforms, the most important of which is Robinhood. Goldman Sachs noted that individual retail investors remain the biggest holders of US equities, and their exit from the market will pull support for major US companies, which are already suffering amid major stock declines. This would mark the first net outflow since 2018. Retail Investors RetreatĪccording to data from Goldman Sachs, households are expected to pull a whopping $100 billion from the market this year. During the same period the S&P 500 index fell about 13%. According to Wall Street Journal, data from Vanda Research says that average portfolio of the individual investors has fallen by 27% since touching peaks in December 2021. According to Vanda Research, in January 2023, trading activity of retail investors hit its lowest levels since January 2020. This has caused a massive retreat of beginner investors from retail investing platforms. Retail investors who used platforms like Reddit and initiated trades on Robinhood suffered bruising losses after meme stocks started falling. The retail investor activity that gained pace after the pandemic continues to lose gas amid the volatile macroeconomic situation. To see more such companies, go directly to 5 Best Stocks to Buy on Robinhood for Beginners. In this article, we will take a look at the 11 best stocks to buy on Robinhood for beginners.
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