Top 20 trades in US stocks by Sharesight users – November 2021

Welcome to the November 2021 edition of Sharesight’s monthly USA trading snapshot, where we look at Sharesight users’ top 20 trades in US stocks on the Nasdaq, NYSE and NYSE American market (AMEX) over the month.

In this snapshot, buy and sell trades were strongly led by Tesla (NASDAQ: TSLA), which has seen its share price fluctuate throughout November due to CEO Elon Musk’s sale of US$5.5b-worth of shares. Trades were followed by Meta (NASDAQ: FB), formerly known as Facebook, which rebranded at the end of October. It was a varied month overall, with the top trades spanning the tech, finance, entertainment and communications industries.

Top 20 US stock trades November 2021

Let’s look at the news behind some of the key stocks in this month’s snapshot:

Tesla (NASDAQ: TSLA)

• Tesla to spend US$1.06b on Texas ‘gigafactory’

• CEO sells US$5.5b-worth of shares in response to Twitter poll

• Rival Chinese automaker Xpeng plans to sell half its cars overseas

Meta (NASDAQ: FB)

• Facebook officially rebrands as ‘Meta’

• Stock jumps following rebrand – but for the wrong Meta

• Meta delays end-to-end encryption for Facebook and Instagram messages until 2023

Alibaba (NYSE: BABA)

• Alibaba price near record low as JD.com wins favour

• Stock price drops over 10% after warning of reduced consumer spending

• Reports 81% profit loss due to regulatory crackdown

PayPal (NASDAQ: PYPL)

• Paypal stock plummets 12% following disappointing quarterly results

• PayPal feels the pressure as COVID surges in Europe

• Shares sink following analyst downgrade

Lucid Group (NASDAQ: LCID)

• Lucid stock bounces back following competitor’s IPO

• Reports US$524m loss in Q3 results

• Lucid delivering its first round of vehicles

Nio (NYSE: NIO)

• Nio deliveries plunge 65% due to supply issues; manufacturing changes

• Installs first battery swap station in Norway; soon to launch station in Germany

• Nio shares continue to fall, in line with other Chinese tech stocks

Coinbase (NASDAQ: COIN)

• Coinbase acquires crypto wallet startup, BRD

• Adidas and Coinbase announce crypto partnership

• Coinbase gains over 40% in a month

AMC Entertainment (NYSE: AMC)

• AMC’s Q3 losses narrower than expected but challenges lie ahead

• CEO sells US$25m-worth of shares as part of "estate planning"

• Plans to launch retail popcorn business

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FURTHER READING

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• How Sharesight calculates your investment performance

• Top 20 trades in US stocks by Sharesight users – October 2021