When it came to the stock market, November ended on a far less festive note than October. What were TipRanks investors up to in November, when it came to their trading activities?
We took a look at the buy and sell transactions of over half a million investors who have a TipRanks Smart Portfolio to find out.
Most Bought Stocks
Once again, there was a lot of overlap from the previous month, with no changes to the three most bought stocks. However, two names in this month’s top ten list, both of which are in the electric vehicle industry, didn’t appear in October’s list. Lucid rejoined the list, as did Rivian, which held its IPO on November 10th and proved to be extremely popular with investors. Perhaps they are impressed by UK Prime Minister Boris Johnson’s efforts to persuade Rivian to open a £1bn factory in the UK.
Investors and British Prime Ministers aren’t alone in their enthusiasm for Rivian. Nine analysts have rated the stock a Buy; however, four analysts say to Hold. The average price target indicates 15.41% upside. Despite its short history as a publicly traded company, the stock has already achieved a maximum Smart Score of 10, based on our data-driven stock score.
Lucid and Rivian’s appearance in the top 10 have pushed both Amazon and Google off the list.
1 Apple (AAPL), no change
2 Tesla (TSLA), no change
3 Facebook (FB), no change
4 Nvidia (NVDA), previously 8th, replaced Nio
5 PayPal (PYPL), previously 10th, replaced Microsoft
6 Lucid Group (LCID), previously 11th, replaced Alibaba
7 Nio (NIO), previously 4th, replaced Amazon
8 Microsoft (MSFT), previously 5th, replaced Nvidia
9 Rivian Automotive (RIVN), not listed previously, replaced Google
10 Alibaba (BABA), previously 6th, replaced PayPal
Most Sold Stocks
Nine out of ten of the most sold stocks in November were the same names as October. Microsoft dropped out of the list and Paypal reentered.
A closer look at Paypal shows it was also one of the most bought stocks of the month. Overall, there was an increase in the number of portfolios holding the stock in November. The digital payment platform continues to be popular with analysts too: it has a Strong Buy rating consensus and over 44% upside potential. In addition, three of the company’s directors made informative buy transactions last month. PYPL has a maximum Smart Score of 10.
1 Apple (APPL), no change
2 Tesla (TSLA), no change
3 Lucid Group (LCID), previously 5th, replaced Facebook
4 Nio (NIO), no change
5 Nvidia (NVDA), previously 9th, replaced Lucid Group
6 Paypal (PYPL), previously 16, replaced Amazon
7 Amazon (AMZN), previously 6th, replaced Microsoft
8 Palantir Technologies (PLTR), previously 10th, replaced Alibaba
9 Facebook (FB), previously 3rd, replaced Nvidia
10 Alibaba (BABA), previously 8th, replaced Palantir Technologies
We’ll be back soon with December’s most traded stocks. In the meantime, if you want to check out your portfolio performance, open a Smart Portfolio.
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
