The Most Traded Stocks By TipRanks Investors in May 2021

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 11^th most bought stock by TipRanks investors in May, up from 27^th 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 8^th, replaced Facebook

8. Facebook (FB), previously 7^th, replaced Amazon

9. Coinbase (COIN), previously 6^th, replaced ChargePoint Holdings

10. Google (GOOGL), no change

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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 29^th, replaced Amazon

6. Microsoft (MSFT), previously 7^th, replaced Johnson & Johnson

7. AMC Entertainment (AMC), previously 19^th, replaced Microsoft

8. Amazon (AMZN), previously 5^th, replaced Alibaba

9. Coinbase (COIN), previously 28^th, replaced Facebook

10. Facebook (FB), previously 9^th, 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.