Meet the Trillion-Dollar Company Retail Investors Have Spent More Money Buying Than Any Other Stock in July
Retail investors have poured four times as much into this stock since the beginning of July as they did into Alphabet, Amazon, and Tesla, combined!
Overview
Investing isn't just for Wall Street's biggest financial institutions anymore. According to an analysis by the University of Missouri-Kansas City School of Law, retail investors accounted for 25% of total equities trading volume in 2021, which was nearly double the reported percentage from the previous decade.
As retail investors make their presence felt, it pays to know which stocks they're buying. Based on data aggregated by Vanda Research, as of July 17, one stock was the runaway winner in terms of net flows by individual investors in July -- and neither Nvidia nor Apple even made the list of top buys. The trillion-dollar stock that retail investors are piling into is none other than Elon Musk's Space Exploration Technologies (SpaceX) (NASDAQ: SPCX).
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Originally published at www.fool.com.