“I just like the stock”: the role of Reddit sentiment in the gamestop share rally

Simple item page
dc.contributor.authorLong, Suwan (Cheng)
dc.contributor.authorLucey, Brian
dc.contributor.authorXie, Ying
dc.contributor.authorYarovaya, Larisa
dc.date.accessioned2022-12-13T14:40:36Z
dc.date.available2022-12-13T14:40:36Z
dc.date.issued2022-10-26
dc.description.abstractThis paper investigates the role played by the social media platform Reddit in the events around the GameStop (GME) share rally in early 2021. In particular, we analyze the impact of discussions on the r/WallStreetBets subreddit on the price dynamics of the American online retailer GameStop. We customize a sentiment analysis dictionary for Reddit platform users based on the Valence Aware Dictionary and Sentiment Reasoner (VADER) sentiment analysis package and perform textual analysis on 10.8 million comments. The analysis of the relationships between Reddit sentiments and 1-, 5-, 10-, and 30-min GameStop returns contribute to the growing body of literature on “meme stocks” and the impact of discussions on investment forums on intraday stock price movements.en_UK
dc.identifier.citationLong S (C), Lucey B, Xie Y, Yarovaya L. (2023) “I just like the stock”: the role of Reddit sentiment in the gamestop share rally. Financial Review, Volume 58, Issue 1, February 2023, pp. 19-37en_UK
dc.identifier.issn0732-8516
dc.identifier.urihttps://doi.org/10.1111/fire.12328
dc.identifier.urihttps://dspace.lib.cranfield.ac.uk/handle/1826/18795
dc.language.isoenen_UK
dc.publisherWileyen_UK
dc.rightsAttribution 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/*
dc.subjectGameStopen_UK
dc.subjectherdingen_UK
dc.subjectmedia sentimentsen_UK
dc.subjectmeme stocksen_UK
dc.subjectRedditen_UK
dc.subjectRobinhooden_UK
dc.subjectsentiment analysisen_UK
dc.subjecttextual analysisen_UK
dc.title“I just like the stock”: the role of Reddit sentiment in the gamestop share rallyen_UK
dc.typeArticleen_UK

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
The_role_of_reddit_sentiment-2022.pdf
Size:
2.48 MB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.63 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections

Staff publications (SoM)