Category: MULN Stock

MULN Stock to $1 Could Be Guaranteed by March

MULN stock $1
Market News: MULN stock to $1 could be around the corner.

Mullen Automotive (NASDAQ:MULN) stock closed on Monday at $0.32.

The last time Mullen Automotive shares traded at $1 was in July of 2022.

The company said it has until March 6 to meet the Nasdaq minimum bid requirement of $1.

If shares haven’t reached $1 by then, the company said in a statement that it intends to seek an extension from Nasdaq to meet the $1-per-share threshold.

This means that if the company wants to keep its company listed in the market, it will do everything in its power to meet that $1-per-share threshold.

However, Mullen Automotive may also request an extension if it does not meet the $1 requirement by March 6th.

“If such extension is granted, compliance of the minimum $1 stock share threshold requirement may be extended for a further 180 days until approximately September 6,” the company said.

“If the company still falls short of the minimum bid requirement, it will effect a reverse stock split at that time to maintain its Nasdaq listing compliance.”

For shareholders, a reverse stock split would decrease the number of shares they own but increase the share price without changing the overall value of their holdings.

AMC Entertainment shareholders will get to vote on a 1-for-10 reverse stock split this year.

In MULN’s case, the company would have to issue a 1-for-4 reverse stock split to meet Nasdaq’s listing requirements.

Latest MULN Stock News

The developments follow Mullen’s acquisition of bankrupt electric vehicle manufacturer Electric Last Mile Solutions last year for $55 million and the assumption of $37 million in liabilities.

The purchase included Electric Last Mile Solutions’ Mishawaka, Indiana, manufacturing facility.

Also last year, Mullen bought a 60% stake in electric truck startup Bollinger Motors for $148 million in cash and stock.

Mullen Automotive, which went public in November 2021, also has a manufacturing facility in Tunica County, Mississippi.

Mullen said delivery of its Mullen Five, its first electric crossover, is set for 2024 and will utilize facial recognition technology.

That vehicle, Mullen said, will have a range of 325 miles, will travel up to 155 miles per hour, and will accelerate from zero to 60 miles per hour in 3.2 seconds.

Should Tesla worry?

I’d love to hear your thoughts in the comment section.

Will $1 Trigger a Short Squeeze?

“Mullen Automotive is set up for a short squeeze that may not begin if the company cannot issue some favorable news in the next few weeks,” said MarketBeat analysts.

Experts are saying Mullen Automotive’s high trading volume and current price action all point to a short squeeze.

CNN Money is predicting MULN stock to make gains upwards of +7,000% this year from its $0.32 previous major level.

Stock analysts are giving Mullen Automotive a low of $23.23, a mid of $23.46, and a high of $24.15 per share.

MULN Stock Price Forecast 2023 - Franknez.com.
MULN Stock Price Forecast 2023 – Franknez.com | Source

The analyst consensus is a strong ‘buy’ for Mullen Automotive stock.

Whether the $1 level triggers a short squeeze or not may still attract investors to eventually carry momentum beyond $1 per share.

If the company is able to bring forth positive and profitable news, this will only further enhance bullish sentiment in MULN.

But I’m curious to hear your thoughts on this.

Related: Will MULN Shares Keep Surging?

Additional source(s): The Business Journals

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BREAKING: Expert Says a MULN Short Squeeze is Highly Probable

Stock Market News: A MULN short squeeze could be underway soon according to experts.

Experts say positive news in the coming days to weeks is all Mullen Automotive (MULN) stock needs to trigger a short squeeze.

“Mullen Automotive is set up for a short squeeze that may not begin if the company cannot issue some favorable news in the next few weeks,” said MarketBeat analysts.

Experts are saying Mullen Automotive’s high trading volume and current price action all point to a short squeeze.

The company was able to finish 2022 strong with news after partnering with Loop Global to deploy EV charging solutions, including a public DC fast charging network and residential offerings.

Mullen Automotive is also preparing for 3 commercial product launches in 2023 after signing with their first U.S dealer partner, RMA Group.

In early December, the company announced Former General Motors Government Sales Leader Ronald Dixon will be leading Mullen’s EV charge for U.S government fleet sales.

Mullen Automotive has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, February 13th, 2023 based off prior year’s report dates, according to MarketBeat.

Here is the latest MULN stock news.

MULN Short Squeeze Price Prediction

CNN Money is predicting MULN stock to make gains upwards of +7,000% this year from its $0.32 previous major level.

Stock analysts are giving Mullen Automotive a low of $23.23, a mid of $23.46, and a high of $24.15 per share.

MULN Stock Price Forecast 2023 - CNN Money.
MULN Stock Price Forecast 2023 – CNN Money.

The current analyst consensus is a strong buy.

Now more analysts are saying all Mullen Automotive needs to trigger a short squeeze is favorable news in its next earnings report.

Entrepreneur says a flop could cause shares to slide, but retail investors are bullish on the automotive company.

In the past week, call options have dominated put options on Webull.

Today, we’re seeing MULN stock price consolidate as we get closer to earnings.

Where the company stock price goes from here will depend highly on news catalysts.

If the company is able to demonstrate results and progress going into the new year, institutions might favor buying in heavily, squeezing short sellers in the process.

MULN Short Interest Today

MULN’s short interest sits between 10%-44% according to a few data analytic websites.

Much of the bearish action and suppression in MULN stock today is being done by dark pools and off exchange action, per MarketBeat.

All the company needs to trigger a short squeeze is to give these bears a reason to run.

Will MULN Stock Go Up Soon?

Analysts say Mullen Automotive stock has formed a clear bottom in the $0.25-$0.36 that may easily turn into a reversal with good news from the company.

A bounce here could send the price to retest $0.60 in a few days or less.

Bullish continuation above $0.60 could take MULN stock to the $1 level.

But it’s all going to depend on the company’s annual report and earnings according to Entrepreneur.

Experts are still giving MULN stock a year-term projection of $23 per share.

Today, out of 173 financial institutions investing in Mullen Automotive, only 1 is short with 172 being long, per Fintel.

In December alone, 18 financial institutions purchased shares of Mullen Automotive.

institutional investors
MULN stock institutional investors.

Two of the biggest financial institutions that have recently bulked up on MULN stock have been Vanguard and BlackRock.

Other major institutional buyers include Fidelity, the Russel 2000 index, Nationwide Mutal Funds, Schwab, Morningstar, and Blackstone.

What are your thoughts on Mullen Automotive Stock?

Are you holding for a MULN short squeeze or is Mullen Automotive stock merely on your stock watchlist?

Leave a comment down below.

For more MULN stock news and updates, join the newsletter to receive weekly market news and notifications straight to your inbox.

Or follow me on Twitter and Instagram for daily posts.


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Big Volume Raises MULN Share Prices by More Than +18%

Stock Market News Today: MULN share prices rise as volume surges.
Stock Market News Today: MULN share prices rise as volume surges.

Mullen Automotive (NASDAQ:MULN) share prices rose more than 18% on Wednesday after big volume carried the stock up to nearly $0.36 from its open of $0.2894.

MULN stock retested $0.35 after hours after closing the trading day at $0.3485.

Volume surged to 382 million, up 165 million from its average intraday volume of 216 million.

Technical analysis earlier this week showed us a push towards the upside would get triggered after breaking above $0.294 and $0.31.

Investors were able to build momentum causing MULN shares to rise on Wednesday.

MULN share prices have steadily traded in the $0.32 range since the beginning of the year.

The automotive stock jumped to $0.44 before retesting its major bottom level.

Will MULN shares keep rising?

117K Call Options vs 1.9K Put Options

A pattern we’ve been seeing with Mullen Automotive stock all of January is much larger call options than put options in the market.

Big volume pushed MULN share prices up on Wednesday with several call options making gains.

Webull’s volume distribution shows us MULN had 117K call options and 1.9k put options on Wednesday.

MULN Stock Webull - Franknez.com.
MULN Stock Webull – Franknez.com.

Call options in MULN have overwhelmed the minority of investors betting against the company stock.

As more and more retail investors come to discover Mullen Automotive, we can expect to see MULN share prices rise.

The company stock continues to be a ‘buy’ from analysts predicting shares to soar more than +7,000% this year.

MULN stock is predicted to reach a high of $24.15 in 2023.

Getting MULN shares to $1 will be the first big milestone for the company stock.

And while experts say continuation of 2022’s bear market can be expected this year, the market has shown us that investors have the power to move the markets as a whole, despite market conditions.

Read More MULN Stock News Here

Are you holding Mullen Automotive stock?

Leave your thoughts below on what you think will happen with MULN stock this year.

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FrankNez News - MULN Stock News, Business News, + more.
FrankNez News – MULN Stock News, Business News, + more.

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MULN Stock Call Options Destroy Number of Puts

Mullen Automotive Stock News Today
FrankNez News Today – MULN stock news and updates.

Mullen Automotive (NASDAQ:MULN) stock call options have been dominating the number of put options in the market for the month of January.

Talks of a MULN short squeeze have surfaced as analysts give Mullen Automotive stock a +7,000% price projection in the next 12-month period.

MULN shares have dropped since it peaked around $0.44 two weeks ago after the company revealed a number of risk factors that caused shares to tumble.

However, the amount of call options in the market compared to put options suggest investors remain bullish on where prices are headed.

Volume Distribution – MULN Stock Webull

On Tuesday, we’re seeing Mullen Automotive has 43.21K total call options versus only 290 put options (1:30hr prior to closing bell).

MULN Stock Webull Options Volume Distribution - Franknez.com.
MULN Stock Webull Options Volume Distribution – Franknez.com.

MULN stock call option volume went as high as 194K during the first week of January.

That same day, put options weighed in lightly at 12.7K compared to the latter.

However, shares have come down from its bull run earlier in January.

Shareholders suspect naked shorts are at work, keeping shares from rising despite the heavy demand.

MULN has a current short interest of 13.15% (updated daily).

This means the company is shorted despite majority of sentiment being bullish.

Heavy buying pressure will be the trigger MULN stock needs to create a disruption in the market.

Where is MULN Stock Going?

If MULN is able to break above $0.294 then shareholders can expect the stock to retest $0.30-0.31 per shares.

A break below $0.294 will send shares down to retest $0.28 and may go as low as $0.26.

Where is MULN stock headed? Franknez.com.
Where is MULN stock headed? Franknez.com.

If retail investors are able to build momentum through buying pressure, MULN shares will continue to rise.

Positive news may also trigger big buying pressure from institutional investors long on the company.

Today, out of 173 financial institutions investing in Mullen Automotive, only 1 is short with 172 being long, per Fintel.

In December alone, 18 financial institutions purchased shares of Mullen Automotive.

The consensus for Mullen Automotive today remains a strong ‘buy’.

Related: MULN Stock Price Is Predicted to Soar +7,000% This Year

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MULN Stock Price Is Predicted to Soar +7,000% This Year

MULN Stock Price is Predicted to Soar +7,000%
Stocks to Watch: MULN stock prediction & News | How high can MULN stock go?

Experts are predicting Mullen Automotive’s (MULN) stock price to soar more than +7,000% by the end of the year.

The company recently had a series of successes leading to the new year.

And analysts are saying MULN stock is a big buy today.

Let’s dive deeper into what experts are telling us as well as what the retail community is saying.

If you’re new to the blog, welcome.

I publish market news and updates for the retail community so that they may navigate the stock market with ease.

If you find this article helpful or valuable in any way, shape, or form, be sure to share it with your community.

Here’s the latest MULN stock news.

What Are Experts Saying About MULN Stock for 2023?

In a recent case study, we see that analysts are predicting MULN stock to surge more than +7,000% by the end of the year.

This means experts are predicting MULN’s share price to rise to approximately $23 per share from $0.32 per share.

MULN Stock Price Forecast.
MULN Price Prediction | MULN Stock Price Forecast – source.

The forecast is ambitious without a doubt, but the company shows great signs of scalable growth both in the near- and long-term future.

Mullen Automotive recently partnered with Loop Global to deploy EV charging solutions, including a public DC fast charging network and residential offerings.

The company is also preparing for 3 commercial product launches in 2023 after signing with their first U.S dealer partner, RMA Group.

In early December, the company also announced Former General Motors Government Sales Leader Ronald Dixon will be leading Mullen’s EV charge for U.S government fleet sales.

Mullen Automotive is expected to grow substantially in 2023.

Investors Remain Bullish on MULN Stocktwits Forum

Retail investors on the MULN Stocktwits forum and other social media platforms are preparing to collect massive gains as technicals align with upcoming bullish momentum.

The stock closed at $0.33 on Wednesday (1/11) after surging +4.35% from its previous trading day.

Mullen Automotive had a market capitalization of $437.7 million at the end of December 2022 but has increased its market cap to $524.9 million in only the second trading day of 2023.

If the company’s market cap continues to grow this rapidly then retail investors will begin to see exponential growth in their investment.

Call options in MULN stock have also overwhelmingly taken over the number of put options contracts.

MULN Stock Call Options
MULN Stock Call Options – MULN Stocktwits Forum – Franknez.com.

On Wednesday there were a total of 59.91K call options versus 1.85K put options.

Significantly more investors are betting on MULN shares to rise than they’re betting on the stock to decline.

But that’s not all, the market sentiment only gets stronger for bulls going long on Mullen Automotive.

Financial institutions have also begun to bulk up on their long positions.

Let’s take a look at a few names you might be familiar with.

Related: Is MULN Stock Price All-Time High on Its Way?

Which Financial Institutions Are Buying MULN Stock?

Two of the biggest financial institutions that have recently bulked up on MULN stock have been Vanguard and BlackRock.

Best of all, out of 173 financial institutions investing in Mullen Automotive, only 1 is short with 172 being long, per Fintel.

In December alone, 18 financial institutions purchased shares of Mullen Automotive.

MULN stock institutional buyers | Who is buying MULN stock?
MULN stock institutional buyers | Who is buying MULN stock?

Other major institutional buyers include Fidelity, the Russel 2000 index, Nationwide Mutal Funds, Schwab, Morningstar, and Blackstone.

Similarly, we saw financial institutions beginning to go long on AMC Entertainment stock in 2021 before it shot up more than +3,000%.

Although the company stock was still being shorted, the massive buying pressure from both retail investors and institutions was powerful enough to drive shares sky high.

Are you holding shares of Mullen Automotive?

MULN stock prediction, news, updates, + more on Franknez.com.

Share your thoughts below.

Have you been a longtime shareholder, or have you recently come across this stock ticker?

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What is Happening with MULN Stock Right Now?

Stock Market News: What's happening with MULN stock?
Stock Market News: What’s happening with MULN stock? Will MULN shares keep rising?

Mullen Automotive (NASDAQ:MULN) stock shares rose +2.27% on Monday after a turbulent past few days last week.

The automotive stock surged to $0.44 before in January before retesting $0.28 and closing at $0.30 the start of the new week.

Retail investors have been buying the stock after analysts gave MULN stock a price target of $24.15.

The current analyst consensus is a strong buy, but shares fell after Mullen Automotive submitted its Form 10-K on Friday the 13th, revealing a number of risk factors.

Will Mullen Automotive stock recover?

Here’s what’s happening with MULN stock right now.

MULN Call Options Continue to Dominate Put Options

Even as MULN shares make gains and slide in January, we see that MULN call options continue to dominate the number of put options in the market.

On Monday, there were 96.41K calls total and 1.64K puts total.

This demonstrates there are more bullish investors than there are bearish investors.

What's happening with MULN stock? MULN stock Webull - Market News.
What’s happening with MULN stock? MULN stock Webull – Market News.

Many institutions are going long on Mullen Automotive stock.

Out of 173 financial institutions investing in Mullen Automotive, only 1 is short with 172 being long, per Fintel.

Still, the company is a target for short seller, per Ortex figures (updated daily).

Shareholders even suggest naked shorting is fueling lower share prices and preventing shares from rising based on retail and institutional demand.

Fintel is also reporting a large percentage of MULN trades going to dark pools.

Approximately 46.16% of MULN trading is happening outside the lit exchange which equates to roughly 85.8 million shares per day.

Dark pool trading as unfortunate as it is, is a tool institutions have been using to gain an advantage over retail investors.

However, massive buying pressure in the end has always proven to play in retail’s favor.

Related: Expert Says a MULN Short Squeeze is Highly Probable

Market News Published Daily

MULN stock news, Market News, BusinessNews by Frank Nez.
MULN stock news, Market News, BusinessNews by Frank Nez.

For more stock market, business news and updates, join the newsletter to receive weekly market news and notifications straight to your inbox.

Franknez.com is the media blog that keeps retail investors informed.

You can also follow me on TwitterInstagramFacebook, or LinkedIn for daily posts.


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Why is MULN Stock Going Down?

Stock Market News: Why is MULN stock going down?
Stock Market News: Why is MULN stock dropping?

MULN stock came down -8.59% last Friday after a bullish start to the new year and continued to drop after hours another -16.11%.

On Wednesday, the stock came down more than -6%.

Share prices went up to $0.47 from $0.28 in the past two weeks.

Volume surged as investors began to buy the stock based on expert predictions for the year.

MULN stock closed at $0.35 on Friday with around 167.7 million in trading volume, nearly the same volume as on Wednesday.

Total call options continue to dominate total put options volume.

So, why is MULN stock going dropping?

Let’s discuss it below.

MULN Call vs Put Options

The market sentiment for MULN stock continues to stay bullish despite the current share price levels we’re seeing today.

There was a total of 33.23K call options and 2.14K put options for MULN.

MULN Call Options
Mullen Automotive stock Webull – Franknez.com.

Webull’s options volume distribution shows us more investors are betting on MULN stock to go up.

The overwhelming number of calls we’re seeing in the market compared to puts is a trend that’s been ongoing for weeks now.

Despite shares falling going into the weekend, we can see the market sentiment for Mullen Automotive is quite bullish based on the options volume.

Last Friday, call options volume went as high as 194K.

That same day, put options weighed in lightly at 12.7K compared to the latter.

Also read: Will MULN Shares Keep Surging?

As more liquidity enters the market, I expect the number of call and buy orders in MULN stock will increase.

Mullen Automotive had a market capitalization of $437.7 million at the end of December 2022 and increased to $524.9 million in only the second trading day of the new year.

Today, MULN’s market cap is sitting at $467 million but reached nearly $700 million earlier last week.

MULN Stock Selloff Contributes to This Week’s Tumble

MULN stock had a selloff this Friday after it peaked last Friday around $0.47 per share.

However, $0.35 seems to be a strong level of support for Mullen Automotive.

Below that level is $0.28, where the stock is currently trading.

why is muln stock going down?
MULN stock price today. Why is MULN stock falling?

A big selloff has the potential to break consolidation causing shares to slide greatly.

On the contrary, big buying pressure will send shares to retest $0.47.

If the price is able to break above $0.50, shareholders can expect to see further bullish momentum.

Technical analysis shows us rejection at $0.47-$0.50 could send MULN stock to retest $0.30 or lower.

Which is exactly what happened on Friday’s trading day and on Wednesday of this week.

Friday saw significantly less volume than it did its previous week, so we know big volume is contributing to the rise of the price.

Two weeks ago, we saw 522 million in trading volume while last Friday we only saw 167 million in trading volume.

MULN has an average trading volume of 230 million.

The conservative buying volume in the past few days may have also contributed to the tumble.

MULN Stock 10-K and Reverse Stock Split News

Mullen submitted its Form 10-K on Friday the 13th, revealing a number of risk factors.

For the full year ended Sept. 30, 2022, Mullen — which posted no revenue — spent $21.65 million on research and development and $75.3 million on general and administrative expenses, totaling a loss from operations of just under $97 million. This compares unfavorably to the year-ago loss of $22.4 million.

Further down the statement, the net loss for the most recent fiscal year came out to $740.3 million. Again, this tally contrasted unfavorably with the year-ago’s net loss of $44.2 million.

As Mullen’s own Form 10-K stated, it must raise cash, likely through additional debt or equity financings. Fundamentally, the core concern for stakeholders is dilution, posing major worries for MULN stock. 

A MULN reverse stock split is also on the table, which has contributed to the selloff we’re currently seeing today.

Shareholders will get to vote on passing this or not, but I’m curious to know your thoughts on this news below.

Related: What a Reverse Stock Split Usually Signifies About a Company

Will MULN Shares Go Up Again?

will MULN stock go up
Why is MULN stock falling? Will Mullen Automotive stock go up?

MULN stock will need more liquidity for share prices to continue rising.

Shareholders will need to keep an eye on the company’s market capitalization.

Mullen Automotive’s market cap should be steadily increasing for share prices to increase.

A decline in market cap suggests big institutions or insiders may be selling, a sign that more often times than not suggests shareholders do the same.

Mullen Automotive had other great news in its industry towards the end of 2022.

So, the company as an entirety still has potential for a promising future.

They’ll just have to deliver as a company.

But it will be investors who provide the company with liquidity that will ultimately drive share prices up.

Related: MULN Stock Price is Predicted to Soar +7,000% This Year

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Will MULN Shares Keep Surging?

Will MULN stock go up?
Stock Market News: Will MULN stock go up?

MULN shares rose +24.59% on Thursday to close at $0.41 (1/5).

The stock had closed at $0.33 its previous trading day.

Trading volume in Mullen Automotive also surged on Thursday, reaching 522 million, over 300 million more volume that its average daily volume.

The sentiment in MULN remains highly bullish as more retail investors discover the case study behind analyst predictions of a possible +7,000% move this year.

The company’s diverse and effective scalable energy solutions are making entry for exponential growth in 2023.

Will MULN shares keep rising?

Let’s take a look at the information that the market is presenting to us today.

If you’re new to the blog, welcome.

I publish market news and updates for the retail community so that they may navigate the stock market with ease.

If you find this article helpful or valuable in any way, shape, or form, be sure to share it with your community.

Here’s the latest MULN stock news.

MULN Call Options Dwarf Sellers

Right off the bat we’re seeing investors are radiating strong bullish sentiment towards MULN stock.

On Thursday, there were a total of 194.01K call options versus 12.77k put options.

MULN Stock: Calls VS Puts - Franknez.com.
MULN Stock: Calls VS Puts – Franknez.com.

On Wednesday, call options dominated puts at 59.6k (calls) vs 1.85k (puts).

We saw an increase in call options by 135.4k and an increase of put options by 11k overnight.

We’re looking at market sentiment for MULN stock as 94% bullish and 6% bearish.

Short-term, it’s very possible we see MULN stock squeeze as the market cap multiplies.

Mullen Automotive had a market capitalization of $437.7 million at the end of December 2022 but has increased to $524.9 million in only the second trading day of the new year.

Today, the company’s market capitalization is nearing $700 million.

Will MULN stock keep going up?

Based on investor sentiment and buy volume, one would expect it to.

But let’s take a look at some technical analysis to determine a few possibilities.

Technical Analysis

MULN stock is testing its closing price after hours of $0.4180.

It’s begun to consolidate in a channel between $0.40 and $0.41 but we can it begin to trend upwards mid-channel.

MULN Technical Analysis - Franknez.com.
MULN Technical Analysis & stock price forecast – Franknez.com.

If price is able to break above $0.4180 then retail investors can expect another leg up to retest $0.44-$0.47.

A break above $0.47 and MULN will be retracing its steps first to $0.60-$0.70 and eventually to its first $1.

It’s during these levels where we can expect some type of serious FOMO and heavier buying to kick in.

As of today, several financial institutions are bullish on Mullen Automotive.

Out of 173 financial institutions investing in Mullen Automotive, only 1 is short with 172 being long, per Fintel.

Two of Mullen Automotive’s biggest investors being Vanguard and BlackRock.

All bullish signs of a stock that’s getting ready to scale up.

Now, say the stock moves down.

Our TA shows MULN may retest $0.40 with a strong probability of bouncing back to +$0.41.

However, in the scenario that it breaks below $0.40, we can expect the stock to retest $0.37-$0.38.

MULN Stock: Long-Term Outlook

Many of you reading this already know the analyst consensus for MULN stock is a ‘strong buy’.

Experts are predicting MULN shares to go up as much as +7,000% to $23 per share by the end of the year.

This is quite an ambitious approach.

MULN stock price forecast.
MULN stock price forecast.

In 2021, GameStop shares rose by more than +1,500% and AMC Entertainment rose by more than +3,000%!

In 2022, shares of AMTD Digital, Inc. (HKD) stock surged more than +20,000% since its IPO date just a month prior.

A +7,000% gain rise in MULN shares is certainly not unprecedented.

Some shareholders argue the rise to $23 could be the beginning for Mullen Automotive.

But I’m curious to hear what you think.

Leave a comment down below.

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Big Reddit Stocks Worth Putting on Your Watchlist This Year

Reddit Stocks 2023
Here are 7 Reddit stocks you’ll want to keep an eye out on in 2023.

Reddit stocks have become more and more popular as we saw penny stocks such as GameStop (GME) and AMC Entertainment (AMC) explode to all-time highs during the ‘meme stock’ frenzy two years ago.

In late January of 2021, GameStop shares rose to nearly $500 before getting halted.

At the same time, AMC Entertainment stock had risen from $2.50 to $22 per share only to peak at $72 five months later in June.

Since then, investors have been wanting to find the next BIG Reddit stocks that might just have the potential to yield +1,000% (thousands) in percentage gains.

While there are never any guarantees, here are 7 Reddit stocks gaining traction that are worth putting on your watchlist this year.

  1. Mullen Automotive (MULN): Analysts are predicting massive growth in 2023 with signs pointing towards a short squeeze.
  2. Tesla (TSLA): The growth stock is amongst the most discussed stocks on Reddit; perfect for long-term value investors.
  3. AMC Entertainment Holdings, Inc. (AMC): AMC’s short interest is still high and more than 93% of shareholders continue to hold the stock this year.
  4. GameStop (GME): More shareholders are direct registering their shares this year to limit shorting in the company stock and trigger price action from mere buying pressure.
  5. Amazon (AMZN): Despite a slowing economy, Amazon plans to invest billions of dollars in theatrical film releases and compete with Paramount Pictures.
  6. Warner Bros. Discovery (WBD): Goldman Sachs and Bank of America highlight an attractive “risk/reward” profile, with the former designating the firm its “favorite media stock.”
  7. Alibaba Group Holding Limited (BABA): Restrictions overseas are easing, and analysts are forecasting Alibaba to soar nearly 100% this year.

Mullen Automotive (MULN)

Mullen Automotive (NASDAQ:MULN) become one of Reddit’s trending stocks when a case study found that analysts are predicting shares to rise more than +7,000% by the end of the year.

Shares are currently trading around $0.37 but experts say favorable news during the company’s earnings report sometime in February has the potential to trigger a short squeeze.

Analysts predict shares of the automotive company to soar as high as $24 per share by the end of 2023.

Call options have decimated the number of put options on Webull by more than 96%.

Best of all, out of 173 financial institutions investing in Mullen Automotive, only 1 is short with 172 being long.

Share price at time of original publication 1/11: $0.40

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Tesla (TSLA)

Trending Reddit Stocks 2023.
Trending Reddit Stocks 2023.

Tesla (NASDAQ:TSLA) stock continues to be one of the most trending stocks on Reddit.

Tesla reported 1.31 million deliveries in 2022, a growth of 40% over the previous year.

In the fourth quarter, Tesla reported deliveries of 405,278 vehicles and production of 439,701 vehicles.

That brings Tesla’s 2022 full year deliveries to around 1.31 million vehicles.

In 2021, Tesla reported 308,600 vehicle deliveries in the fourth quarter, and full-year deliveries of around 936,172 vehicles.

Dan Raju, CEO of Tradier, a brokerage platform says, “if and when a market bottom emerges in the first half of 2023, we’d be looking to technology as a fantastic long-term opportunity, given the heavy drawdowns since late 2021.”

Given Tesla’s current low prices, investors all over Reddit stock forums can’t keep it off their watchlist.

Share price at time of original publication 1/11: $123.28

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AMC Entertainment Holdings, Inc. (AMC)

AMC (NYSE:AMC) currently has a high short interest of over 21% according to Fintel.

Company shares seem to have bottomed out around the $4-$4.50 range and shareholders are still holding.

A poll of nearly 4,000 market participants found that more than 93% of shareholders continue to hold their shares or plan to hold in 2023.

The AMC community known as ‘apes’ are determined AMC Entertainment stock will break its current all-time high record by squeezing short sellers again.

Not only does the community have the numbers, but the short interest is the same from 2021 levels when AMC soared to $72 per share.

Although company fundamentals have strongly improved over the past two years, 2021’s massive price surge proved fundamentals don’t necessarily have to be tied to a short squeeze play.

You can read frequently updated AMC breaking news here to stay up to date on the stock.

Share price at time of original publication 1/11: $4.71

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GameStop (GME)

GameStop (NYSE:GME) made its grand debut in January of 2021 shares rose to nearly $500 per share before ultimately getting halted.

But GME shareholders continue to innovate and find ways to re-spark that flame.

And it seems like they’re onto something.

According to GameStop, approximately 30% of GME’s float is registered with the Direct Registration System (DRS).

This equates to 71.3 million retail shares.

Furthermore, Nearly 70% of the float is owned by individual shareholders according to Vickers Stock Research.

This means nearly half of shareholders are on board so far, which is quite impressive.

While DRS certainly prevents the company from being shorted, it’s only one piece of the puzzle for a GameStop short squeeze.

Shareholders will need to create massive buying pressure next.

Share price at time of original publication 1/11: $18.72

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Amazon (AMZN)

Amazon (NASDAQ:AMZN) is reportedly planning to compete with Paramount Pictures in a new venture involving the movie theatre industry.

Last year, experts said Netflix missed out on $200 million in revenue by taking Glass Onion out of movie theatres too early, earning only $15 million.

Amazon.com Inc. will be investing billions of dollars to produce movies that will release in theatres, according to people familiar with the company’s plans.

This is the largest commitment to the movie theatre industry by an internet company, says Bloomberg.

The fact is people are still enjoying the theatrical experience only movie theatres can provide.

And Amazon plans to use the movie theatre industry to its advantage.

Amazon Prime video may potentially pre-release some of these films to subscribers, which could bring in more online streaming customers to the company as well.

Share price at time of original publication 1/11: $93.96

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Warner Bros. Discovery (WBD)

Warner Bros. Discovery (NASDAQ:WBD) rose more than 31% in the first week of 2023 after Wall Street analysts upgraded the company with a modest 63% upside for the year.

“We estimate that WBD is best positioned to drive EBITDA growth, ramp free cash flow and delever its balance sheet in 2023 as it pursues $3.5 billion of merger synergies and relaunches its flagship streaming service,” said Goldman Sachs analyst Brett Feldman.

Meanwhile, Bank of America analyst Jessica Reif Ehrlich reiterated her “buy” rating and $21 price objective on the stock, while adding it to her company’s so-called “U.S. 1 list” of “best investment ideas.”

The Bank of America expert also highlighted positive trends and potential catalysts ahead. “It already appears January advertising trends have improved sequentially (albeit off a modest base) from December levels, and comps would ease as the year progresses,” she wrote.

On Reddit, Warner Bros. Discovery has been discussed amongst the r/wallstreetbets community and several other stock and investing sub-channels.

Share price at time of original publication 1/11: $12.70

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Alibaba Group Holding Limited (BABA)

Trending Reddit Stocks 2023.
Trending Reddit Stocks 2023.

Alibaba (NASDAQ:BABA) is another Reddit stock that was recently added to Goldman Sachs conviction ‘buy’ list.

Analysts say shares may rise more than 25% this year.

As part of its Nov. 17 earnings report, which showed adjusted profit up 5% year over year to $1.82 a share but revenue down 6% to $29.1 billion, BABA said it’s increasing its share buyback program by $15 billion, on top of an existing $25 billion program.

As of Nov. 16, the company said it already repurchased $18 billion worth of stock under its existing program.

Alibaba’s Composite Rating of 85 (on a scale of 1-99 with 99 being the best) has improved significantly due to the stock’s relative price strength.

The current consensus among 59 polled investment analysts is to buy stock in Alibaba.

Analysts are giving BABA a low of $74.35, mid of $142.70, and high of $220.61.

Share price at time of original publication 1/11: $114.50

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What Other Reddit Stocks Are You Watching?

Reddit Stocks 2023

What other Reddit stocks do you have on your watchlist?

Do you already own any of these trending stocks on this list?

Leave a comment down below.

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