Retailers are back in full force. Data compiled by Vanda Research shows that retail traders have bought an average of $1.36 billion a day in US stocks over the past week. The firm noted that much of that money went into exchange-traded funds, but noted that the WallStreetBets crowd has also “stepped up” its stake, as those Reddit users piled in outside of the money and cash purchase. of stocks of memes. Nowhere is this more evident than in the recent surge in meme stock Bed Bath & Beyond, which ended Tuesday up nearly 300% for the month. Other classic meme names, like AMC and GameStop, are also up big in August. “The WSB community has also continued to increase its holdings … adding further support to the current uptrend in US stocks,” Vanda Research analyst Lucas Mantle wrote in a note. Vanda noted that retail volume at Bed Bath & Beyond over the past five days has increased 350% over last month. Disney, Trade Desk and Rivian have also seen retail volumes more than double during that time, along with AMC, Plug Power, Roblox, DraftKings and Affirm. However, Bed Bath & Beyond is the “king”. “The hand of retail investors is visible once again, as both cash purchases and call option volumes are up more than 70 times their historical averages,” Mantle said. “Prior to the latest increase, about 35% of BBBY shares outstanding were shorted, making the stock a top contender.” Bed Bath & Beyond also saw some of the biggest retail inflows last week, with traders buying $136.13 million worth of stock over the past five days. Tesla topped the list of Vanda entries, with net purchases of $568.92 million over the past five trading days. Other names that have seen big retail entries include AMD, Apple, Amazon and Nvidia.
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