Mon Nov 11 12:20:00 UTC 2024: ## Meme Stocks and Trump Bump Fuel Stocktwits’ Top Trending Tickers

**Friday’s most talked-about stocks on social media platform Stocktwits were driven by a mix of meme-stock hype, potential deregulation under a second Trump administration, and the election’s impact on EV giant Tesla.**

**GameStop (GME)**, the original meme stock, topped the list on heavy trading volume. The stock has steadily risen since Keith Gill, the infamous “Roaring Kitty,” sold his Chewy (CHWY) shares in October.

**SoFi Technologies (SOFI)** surged 17% this week, fueled by investor optimism regarding deregulation under a potential second Trump presidency. The stock closed the day over 9% higher.

**Tesla (TSLA)** soared following Trump’s election victory. Investors believe Trump’s policies on EVs and tariffs could benefit the US-based EV giant, potentially reducing competition. The stock has jumped 30% since Tuesday, pushing its market cap past $1 trillion.

**Cassava Sciences (SAVA)**, a frequent Stocktwits trend, received a Buy rating and a $116 price target from analyst Vernon Bernardino of HC Wainwright & Co., boosting the stock.

**Anavex Life Sciences (AVXL)**, another heavily shorted biotech stock, experienced a surge in trading volume despite lacking news. With 21.78% of shares sold short, the stock closed the day 21% higher.

**Overall, Friday’s trending tickers reflected a volatile market influenced by speculation, political expectations, and analyst commentary.**

**Disclaimer:** This article is for informational purposes only and does not constitute investment advice.

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