It's interesting to see the shift in the markets over the last couple of years with the surge in retail trading and the influence it's brought upon certain stocks. One example that I have been following recently is Rite Aid Corporation ($RAD), which has seen significant leaps during the last month.
There's been a lot of speculation around it. Some argue it's just a temporary pump-and-dump, others say this stock still has the potential to yield significant returns. So, I've been doing some research to figure out where the sentiment really stands on this stock.
I stumbled upon on a website called monkeemath.com, which uses ChatGPT to analyze the sentiment behind stock mentions across various platforms, including reddit. According to their data, $RAD has seen one of the most bullish sentiments compared to any other stock.
The mentions TODAY ALONE are nearly 90 percent bullish.
Historically, retail traders have shown time and time again that when they rally behind a stock, they can significantly impact its performance in the market. Although we should always take these predictions with a grain of salt and make our own educated decisions, knowing that $RAD is potentially still on the radar for many retail traders, suggests that the recent surges might not be the end for this stock.
A link to the RAD sentiment analysis data: https://monkeemath.com/pages/advancedData?symbol=RAD
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