As 2023 is drawing near its conclusion, it is time to look back at the stock market and observe which of its participants made it to the list of shares belonging to the heavily popular companies that are trending on social media platforms, or meme stocks, this year.
Indeed, the trending stocks with viral popularity and cult-like following on social media, reflected in online activity on platforms like Reddit, X, and Facebook (NASDAQ: META), have expanded to several more participants this year, at times giving their prices a needed push.
#1 Disney (NYSE: DIS)
Specifically, media and entertainment giant Disney (NYSE: DIS) experienced a rough period in 2022, seeing its stock price plummet by 44%, but over 2023, its outlook slightly improved, taking a turn for the better after the company’s largely positive Q4 2023 financial report.
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At press time, its stock was changing hands at the price of $90.95, recording a 4.43% decline across the previous month but nonetheless seeing an increase of 1.87% in the last six months and gaining 4.68% on its yearly chart, according to the most recent information retrieved by Finbold on December 27.
#2 Lucid (NASDAQ: LCID)
Although it faced massive challenges in 2023, Lucid (NASDAQ: LCID) managed to make a surprising recovery, particularly heightened by the recent introduction of Lucid Gravity, its first electric SUV with an expected range of 440 miles and due for commercial launch towards the end of 2024.
As things stand, the stock of the American luxury electric vehicle (EV) manufacturer is currently trading at the price of $4.34, which represents an increase of 3.58% in the last 30 days, as it moves to overturn the loss of 37.01% in the last six months and a 36.46% drop in its yearly chart.
#3 Bud Light (NYSE: BUD)
Meanwhile, the owner of the iconic Bud Light beer, Anheuser-Busch InBev (NYSE: BUD), has made a remarkable recovery after reporting better-than-expected Q3 results, announcing a stock buyback plan, as well as partnering with UFC, even though it is still feeling the effects of the boycott.
As it happens, the price of the BUD stock currently stands at $64.62, writing down a gain of 3.23% in the last 30 days while making a more significant advance in the last 12 months, as it increased its value by 7.63% during this period, despite losing 32.13% in the previous six months.
#4 Beyond Meat (NASDAQ: BYND)
After a months-long downward trend, the plant-based meat producer Beyond Meat (NASDAQ: BYND) that kicked off the plant-based meat frenzy in 2019 has surged more than 40% upon the news of layoffs and new cost cuts in the company’s Q3 earnings, joining the ranks of meme stocks in 2023.
At the same time, the stocks of Beyond Meat are presently changing hands at the price of $8.81 per share, which suggests an advance of 36.38% this month as they make an effort to turn the tables on the 6-month drop of 32.13% and the 12-month loss of 28.43%, according to the recent chart information.
#5 Tupperware (NYSE: TUP)
Despite Wall Street considering its stock dead when its market capitalization dropped to $40 million in July, the plastic container maker Tupperware (NYSE: TUP) has successfully recovered as retail investors started to pour into it, leading to a mammoth price increase of about 570% in August.
Finally, the TUP stock was at the time of publication trading at the price of $2.55, which equates to a monthly growth of 52.69%, adding up to the whopping 218.75% increase in the last six months, despite the decline of 38.41% on its yearly chart, as per the most recent data.
Conclusion
All things considered, the above newcomers to the meme stock field have stood out this year among traders and investors who rely on social media platforms to inform their trades. However, it is important to remember that doing one’s own research is crucial for investing in any asset.
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