These are the 10 most popular stocks on Robinhood over the past week

  • Robinhood, the zero-commission brokerage platform thatis popular with millenials, has seen a surge in trading volumeas the market entered a volatile period due to the coronaviruspandemic.
  • Robintrack is a platform that uses data fromRobinhood’s API to track how many of its users own a particularstock over time.
  • The compiled data is put into a charting format thathelps show the relationship between the price of a stock andpopularity with Robinhood users.
  • Here are the 10 stocks on Robinhood that saw thelargest increase in user ownership over the last week.
  • Visit Business Insider’shomepage for more stories.

Robinhood, the zero-commission brokerage platform that’s popularwith millenials, has seen a surge in trading volume as the stockmarket entered a volatile period due to the coronavirus pandemic.

Robintrack is a platform that uses data from Robinhood’s API totrack how many Robinhood users own a particular stock over time.The platform was developed by a college senior andhas seen a surge in popularity over the past few months.

The compiled data is put into a charting format that helps showthe relationship between the price of a stock and its popularitywith Robinhood users.

Read more:GOLDMAN SACHS: Buy these 13 stocksthat are poised to crush the market within the next 2 weeks asearnings season gets underway

The data helps identify stocks where investors are either:

  • Buying the dip, which is apparent when thenumber of Robinhood account users owning a particular stocksurges as the stock price falls.
  • Taking profits, which is apparent when thenumber of Robinhood account users owning a particular stockfalls as the stock price rises.
  • Going full FOMO, which is apparent when thenumber of Robinhood account users owning a particular stockrises as the stock price rises.
  • Jumping ship, which is apparent when thenumber of Robinhood account users owning a particular stockfalls as the stock price falls.

The data is also helpful for contrarian investors to go againstthe herd and identify popular stocks to sell short or unpopularstocks to buy long.

Here are the 10 stocks on Robinhood that saw the largest increasein user ownership over the last week.

Read more:Bank of America identifies 3indicators that could make or break the stock market this summer- and warns they’re all deteriorating fast

10. Uber

Uberwas the 10th most popular stock added to Robinhood accounts overthe past week.

The ride-hailing company announced its acquisition of Postmates today for $2.6billion.

Robintrack shows 16,188 Robinhood accounts bought shares in thecompany over the past week, bringing the total to 248,220 as ofMonday.

The 7% increase in Robinhood account ownership of Uber wasaccompanied by a more than 12% increase in the stock price,signaling that Robinhood traders that are buying the stock aregoing full FOMO.

9. Genius Brands

GeniusBrands was the ninth most popular stock added to Robinhoodaccounts over the past week.

The children’s media company saw a more than 2,500% surge from May to June after thecompany struck a licensing deal with Amazon for its kids TV show”Superhero Kindergarten.”

Robintrack shows 18,616 Robinhood accounts bought shares in thecompany over the past week, bringing the total to 201,810 as ofMonday.

The 10% increase in Robinhood account ownership of Genius Brandswas accompanied by a 56% increase in the stock price, signalingthat Robinhood traders that are buying the stock are going fullFOMO.

8. The Gap

TheGap was the eighth most popular stock added to Robinhoodaccounts over the past week.

Gap surged 42% last month after the company announced a 10-yeardeal with Kanye West. Over the weekend, Kanye West announced that he is running for president in 2020.

Robintrack shows 18,907 Robinhood accounts bought shares in thecompany over the past week, bringing the total to 96,208 as ofMonday.

The 24% increase in Robinhood account ownership of The Gap wasaccompanied by a 6% increase in the stock price, signaling thatRobinhood traders that are buying the stock are going full FOMO.

7. Pfizer

Pfizerwas the seventh most popular stock added to Robinhood accountsover the past week.

Pfizer surged 6% last week after the company releasedpositive data from a clinical trial evaluating the effectivenessof its COVID-19 vaccine.

Robintrack shows 18,943 Robinhood accounts bought shares in thecompany over the past week, bringing the total to 109,261 as ofMonday.

The 21% increase in Robinhood account ownership of Pfizer wasaccompanied by a 9% increase in the stock price, signaling thatRobinhood traders that are buying the stock are going full FOMO.

6. Landcadia Holdings II

LandcadiaHoldings II was the sixth most popular stock added toRobinhood accounts over the past week.

Robintrack shows 21,493 Robinhood accounts bought shares in thecompany over the past week, bringing the total to 22,899 as ofMonday.

The 1,528% increase in Robinhood account ownership of LandcadiaHoldings II was accompanied by a 49% increase in the stock price,signaling that Robinhood traders that are buying the stock aregoing full FOMO.

5. Amazon

Amazonwas the fifth most popular stock added to Robinhood accounts overthe past week.

Robintrack shows 25,270 Robinhood accounts bought shares in thecompany over the past week, bringing the total to 309,839 as ofMonday.

The 9% increase in Robinhood account ownership of Amazon wasaccompanied by a 12% increase in the stock price, signaling thatRobinhood traders that are buying the stock are going full FOMO.

4. Tesla

Teslawas the fourth most popular stock added to Robinhood accountsover the past week.

Tesla recently overtook Toyota to become the most valuableauto manufacturer in the world.

Robintrack shows 33,089 Robinhood accounts bought shares in thecompany over the past week, bringing the total to 352,869 as ofMonday.

The 10% increase in Robinhood account ownership of Tesla wasaccompanied by a 40% increase in the stock price, signaling thatRobinhood traders that are buying the stock are going full FOMO.

3. Plug Power

PlugPower was the third most popular stock added to Robinhoodaccounts over the past week.

Robintrack shows 35,694 Robinhood accounts bought shares in thecompany over the past week, bringing the total to 382,964 as ofMonday.

The 10% increase in Robinhood account ownership of Plug Power wasaccompanied by a 53% increase in the stock price, signaling thatRobinhood traders that are buying the stock are going full FOMO.

2. Nio

Niowas the second most popular stock added to Robinhood accountsover the past week.

Robintrack shows 37,087 Robinhood accounts bought shares in thecompany over the past week, bringing the total to 199,504 as ofMonday.

The 23% increase in Robinhood account ownership of Nio wasaccompanied by a 78% increase in the stock price, signaling thatRobinhood traders that are buying the stock are going full FOMO.

1. Workhorse

Workhorsewas the most popular stock added to Robinhood accounts over thepast week.

Workhorse surged more than 700% in June as investors bid upelectric vehicle companies in hopes of riding some of the momentum that Tesla shareholders are enjoying.

Robintrack shows 73,137 Robinhood accounts bought shares in thecompany over the past week, bringing the total to 145,320 as ofMonday.

The 101% increase in Robinhood account ownership of Workhorse wasaccompanied by a 116% increase in the stock price, signaling thatRobinhood traders that are buying the stock are going full FOMO.

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