Top 20 trades in US stocks by Sharesight users – August 2022

Welcome to the August 2022 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 underwent a 3:1 stock split earlier in the month. Trades were followed by Apple (NASDAQ: AAPL), which has seen its share price climb following news of its move into the digital advertising space. Overall, it was a strong trading month for tech stocks, with 4 of the 5 FAANG stocks present in this month’s top 20 trades, along with a number of other stocks in the IT, semiconductor and e-commerce industries.

Top 20 US stock trades August 2022

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

Tesla (NASDAQ: TSLA)

• Tesla expected to achieve record month and quarter for vehicle sales

• Musk sells US$6.9 billion-worth of Tesla shares ahead of Twitter lawsuit

• Tesla stock undergoes 3:1 split

Apple (NASDAQ: AAPL)

• Australian regulator threatens to fine Apple over child abuse material on its platforms

• Share price down following reports of alleged antitrust complaint against Apple

• Stock climbs following news of Apple’s growing push into digital advertising space

Amazon (NASDAQ: AMZN)

• Amazon signs deal with Plug Power to build QLD "gigafactory"

• Privacy fears over Amazon’s bid to merge with iRobot and One Medical

• Records second quarterly loss in a row but shares jump on strong earnings

Bed Bath & Beyond (NASDAQ: BBBY)

• Bed Bath & Beyond shares drop 40% following exit of activist investor Ryan Cohen

• Meme stock traders drive up Bed Bath & Beyond shares by 29%

• Share price surges ahead of ‘strategic update’

Advanced Micro Devices (NASDAQ: AMD)

• AMD releases strong Q2 earnings report

• AMD rumoured to cut GPU prices in September

• Analysts see potential upside for AMD stock

Walt Disney (NYSE: DIS)

• Disney theme park price strategy is boosting the company’s share price, says report

• Share price shoots up 30% in a month

• Share price spikes as Disney surpasses Netflix in total subscriber numbers

PayPal (NASDAQ: PYPL)

• PayPal remains committed to crypto despite major market correction

• Share price surges on news of strategic cost cuts

• PayPal stock is down 48% since the beginning of 2022

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• Top 20 trades in US stocks by Sharesight users – July 2022