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The popularity of the Reddit forums among meme investors is waning. According to alternative data provider Quiver Quantitative, the average daily comments on WSB in October have fallen by half compared to November 2020.
Hence, we think it could be wise to avoid overvalued Reddit stocks AMC Entertainment Holdings, Inc. (AMC), Digital World Acquisition Corp. (DWAC), and Progenity, Inc. (PROG) in November.
