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Social Media Stocks To Watch Now - November 6th

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Key Points

  • Strive (ASST), JOYY (YY), and Trump Media (DJT) were identified as social-media stocks attracting the highest recent dollar trading volume.
  • Strive provides social-media marketing and content services; its shares rose $0.03 to $20.62 on Friday, with a market capitalization of $1.76 billion.
  • JOYY operates video and social platforms including Bigo Live and Likee, while Trump Media runs Truth Social and related brands. Their shares fell on Friday: JOYY by $1.21 to $80.00 and DJT by $0.07 to $3.96.
  • Interested in Strive? Here are five stocks we like better.

Strive, JOYY, and Trump Media & Technology Group are the three Social Media stocks to watch today, according to MarketBeat's stock screener tool. “Social media stocks” are shares of publicly traded companies whose businesses center on social networking or social media platforms, such as Meta or Snap. Investors may assess them based on factors like user growth, engagement, advertising revenue, and competition. These companies had the highest dollar trading volume of any Social Media stocks within the last several days.

Strive (ASST)

Asset Entities Inc., a technology company, provides social media marketing and content delivery services across Discord, TikTok, and other social media platforms. It designs, develops, and manages servers for communities on Discord. The company offers discord investment education, entertainment, and marketing services.

NASDAQ ASST traded up $0.03 on Friday, hitting $20.62. The stock had a trading volume of 3,170,176 shares, compared to its average volume of 5,603,294. The business's fifty day moving average price is $26.93 and its 200 day moving average price is $16.51. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of -2.33 and a beta of 13.32. Strive has a 52-week low of $7.02 and a 52-week high of $34.40.

Read Our Latest Research Report on ASST

JOYY (YY)

JOYY Inc., together with its subsidiaries, operates social media platforms that offer users engaging and experience across various video-based social platforms. It operates through two segments, BIGO and All Other. The company operates Bigo Live, a social live streaming platform, that provides an interactive online stage for users to host and watch live streaming sessions, share their life moments, showcase their talents, and interact with people worldwide; Likee, a short-form video social platform, which enables users to discover, create, and share short videos, with video creation tools and personalized feeds; imo, an instant messenger platform, that provides audio and video communication services; Hago, a social networking platform that offers casual games integrating social features, such as audio and video multi-user chatrooms and 3D virtual interactive party games; and Shopline, a smart commerce platform, that provides solutions and services to enable merchants in creating and growing their brands online and reach customers through various sales channels, including e-commerce platforms, social commerce, and physical retail stores.

NASDAQ YY traded down $1.21 during trading hours on Friday, reaching $80.00. The stock had a trading volume of 272,539 shares, compared to its average volume of 523,246. The stock has a fifty day moving average of $79.30 and a 200 day moving average of $68.54. JOYY has a 52-week low of $30.91 and a 52-week high of $55.30. The stock has a market cap of $4.31 billion, a P/E ratio of 24.17 and a beta of 0.21.

Read Our Latest Research Report on YY

Trump Media & Technology Group (DJT)

Trump Media & Technology Group Corp. engages in operating social media and in the technology business. Its brands include TRUTH Social, TMTG+ and TMTG News. The company was founded on March 28, 2024 and is headquartered in Sarasota, FL.

Shares of NASDAQ:DJT traded down $0.07 during trading on Friday, reaching $3.96. 4,711,742 shares of the company's stock traded hands, compared to its average volume of 4,421,132. The firm has a market cap of $1.10 billion, a PE ratio of -0.81 and a beta of 1.35. The company has a 50-day simple moving average of $7.95 and a 200-day simple moving average of $9.18. Trump Media & Technology Group has a fifty-two week low of $3.80 and a fifty-two week high of $17.09.

Read Our Latest Research Report on DJT

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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