Dogecoin, bitcoin, AMC and GameStop are top trending tickers on Yahoo Finance: Morning Brief

#dogecoin #bitcoin #AMX
Yahoo Finance’s Julie Hyman and Brian Sozzi discuss the top trending tickers on Yahoo Finance which include dogecoin, bitcoin, AMC, and GameStop.

Retail and crypto are dominating market interest
The year isn’t even half over yet, but it’s already been a memorable 2023 for market watchers.

The GameStop (GME) and meme stock drama, the latest bull cycle in cryptocurrencies, and Elon Musk tweeting have all created off-the-wall storylines that keep getting refreshed.

And while some — if not most — of this is just noise for investors who are trying to build wealth over the long run, here at Yahoo Finance our data on tickers users are looking up give us a great read on how engaged readers and viewers have been on some of these trends.

And the data leave no doubt: people are still crazy about crypto, Elon, and meme stocks.

Yahoo Finance’s Jared Blikre spun up some data on Thursday that showed the most popular tickers on Yahoo Finance over the last four weeks. And perhaps it’s no surprise that the top ticker over the last month has been Dogecoin (DOGE-USD).

Over this period, Elon Musk tweeted many times about Doge (including again on Thursday), hosted SNL and talked about Doge, and Federal Reserve Chair Jerome Powell was asked about Doge. Notably, the price of Doge is only up about 25% over the last month with most of Doge’s big rally coming in early- to mid-April when the price rose from around $0.06 to $0.40 and eventually as high as $0.73. As of Thursday, Doge was trading near $0.40. As a reminder, Dogecoin is a joke. Explicitly.

Two out of the next three tickers come to the Morning Brief as a little bit of a surprise — second-most popular in the last four weeks is AMC (AMC) while fourth-most is GameStop. Bitcoin (BTC-USD) is sandwiched between the two as the third-most popular ticker on Yahoo Finance over the last month.
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AMC and GameStop were no doubt the center of the action in the initial wallstreetbets, short squeeze, Robinhood drama of late January. GameStop shares, which traded in the mid-to-low single digits a year ago, have traded in a range between $150 and $180 over the last month. Overall, the stock is up 3% in the last month.

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Dogecoin, bitcoin, AMC and GameStop are top trending tickers on Yahoo Finance: Morning Brief

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Kane Dane