What were investors up to in the volatile month of May? We took a dive into the most active stocks of over 422,000 investors with a TipRanks Smart Portfolio.
These were the most traded stocks of May 2021.
The Most Bought Stocks
Many of the most bought stocks in May were similar to April 2021. In fact, the top 5 were identical.
There was one newcomer to the list. Jazz Pharmaceuticals made an appearance at number 6, up a whopping 1,774 places from April. The neurobiology specialist completed its acquisition of GW Pharma in May, adding new products to its drug portfolio.
Analysts are also Bullish on Jazz. The stock has a Strong Buy analyst rating consensus, both by all analysts and the top performers. The average price target of only the best performing analysts, indicates 17.53% upside potential.
Here’s how analysts have been rating Jazz Pharma.
Also worth a mention is AMC, which finally got its short squeeze as investors bought shares to counter Hedge Funds shorting the entertainment stock. Although not in the top 10, it was the 11th most bought stock by TipRanks investors in May, up from 27th place in April
1. Apple (AAPL), no change
2. Nio (NIO), no change
3. Tesla (TSLA), no change
4. Palantir Technologies (PLTR), no change
5. Microsoft (MSFT), no change
6. Jazz Pharmaceuticals (JAZZ), previously 1,780, replaced Coinbase
7. Amazon (AMZN), previously 8th, replaced Facebook
8. Facebook (FB), previously 7th, replaced Amazon
9. Coinbase (COIN), previously 6th, replaced ChargePoint Holdings
10. Google (GOOGL), no change
Get a free analysis and actionable insights into your portfolio with Smart Portfolio>>
The Most Sold Stocks
Which stocks did TipRanks investors sell in May? Again, the list starts out in an identical manner to April. There is no change to the 4 most sold stocks. 3 new stocks appeared in the list – AT&T, AMC, and Coinbase.
Dividend aristocrat AT&T climbed the most spots. In May news of the company’s decision to sell its WarnerMedia asset spooked investors and ignited concerns about a potential cut in dividends. Do analysts feel the same? The stock has a Moderate Buy analyst rating consensus. These are the most recent analyst ratings:
1. Apple (AAPL), no change
2. Tesla (TSLA), no change
3. Nio (NIO), no change
4. Palantir Technologies (PLTR), no change
5. AT&T (T), previously 29th, replaced Amazon
6. Microsoft (MSFT), previously 7th, replaced Johnson & Johnson
7. AMC Entertainment (AMC), previously 19th, replaced Microsoft
8. Amazon (AMZN), previously 5th, replaced Alibaba
9. Coinbase (COIN), previously 28th, replaced Facebook
10. Facebook (FB), previously 9th, replaced ChargePoint Holdings
Disclaimer: The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
