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Virgin Galactic Sees Sky-High WallStreetBets Interest Heading Into New Week; Krispy Kreme, AMC Other Top Interests

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Virgin Galactic Sees Sky-High WallStreetBets Interest Heading Into New Week; Krispy Kreme, AMC Other Top Interests

Heading into a new trading week, Virgin Galactic Holdings Inc. (NYSE: SPCE) is seeing the highest interest on Reddit’s r/WallStreetBets forum, followed by SPDR S&P 500 ETF Trust (NYSE: SPY). However, overall discussions on the forum remained muted as is typical for weekends.

What Happened: Virgin Galactic emerged as the most-discussed stock on the forum with 554 mentions, while exchange-traded fund SPDR S&P 500 ETF Trust was a distant second with 141 mentions during the last 24 hours at press time, data from Quiver Quantitative showed.

Doughnut chain Krispy Kreme Inc. (NASDAQ: DNUT) - which made its debut on the public markets in early July - took the third sport with 53 mentions, followed by movie theatre chain AMC Entertainment Holdings Inc. (NYSE: AMC) with 31 mentions.

The other stocks that are seeing interest on the forum include medical insurance technology company Clover Health Investments Corp. (NASDAQ: CLOV), videogame retailer GameStop Corp. (NYSE: GME), tech giant Apple Inc. (NASDAQ: AAPL), electric vehicle maker Tesla Inc. (NASDAQ: TSLA) and chipmaker Advanced Micro Devices Inc. (NYSE: AMD).

In addition to these stocks, investors are looking ahead to the release of the Consumer Price Index (CPI) data for June from the Bureau of Labor Statistics on Tuesday.

See Also: The Past Week's Notable Insider Buys Include Krispy Kreme, Biotechs, SPACs And More

Why It Matters: Virgin Galactic is seeing high interest from retail investors after the company’s founder Sir Richard Branson successfully flew in space as a passenger on the company’s Unity 22 spacecraft on Sunday.

Shares of SPDR S&P Trust rose on Friday after the benchmark S&P 500 Index closed 1.1% higher.

Price Action: Virgin Galactic shares closed 6.6% lower in Friday’s regular trading session at $49.20, while SPDR S&P 500 ETF Trust shares closed almost 1.1% higher at $435.52.

Krispy Kreme shares almost 6% higher in Friday’s regular trading session at $19.29.

Read Next: Could Virgin Galactic's Successful Mission Help These 2 Stocks Soar?

Photo by The Focal Project on Flickr

 

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