Photo: SEMRush (via Fortune)
Following a major increase in retail game company GameSpot’s stock earlier this year from a Reddit movement betting on shorted stocks, the company has apparently triumphed Tesla’s stock as one of the most highly-searched online.
GameStop (GME) beat out Tesla (TSLA) for this year’s most-searched-for stock, according to data from search engine software SEMRush and as reported by Fortune.
Along with Tesla, GameStop also topped stocks like Apple, NIO, Amazon, Moderna, AMD and Facebook, alongside another “meme” stock, AMC.
SEMRush says that, without the aid of “analyst research, expensive Bloomberg terminals, Wall Street gossip, and a firm grasp of company financials,” retail investors will often turn to search engines for their top picks.
Elon Musk Exercises More Stock Options, Sells $963 Million Worth of Shares https://t.co/FNvOF8TUZ2
— TeslaNorth.com (@RealTeslaNorth) December 10, 2021
Of the top 10, GameStop, Palantir and AMC did not make last year’s most searched-for list, while the rest were also highly searched in 2020 in addition to this year.
While the “short squeeze” of GameStop took place in January, the company has remained resilient at soaring highs above its $13 trading at the very beginning of the year.
In a survey taken last month, it was found that Tesla was still 2021’s most-searched-for stock, followed immediately by Apple and GameStop.
Still, it’s hard to refute data with survey results, though we’ll suffice it to say that GameStop remained a highly searched-for stock this year.
