NBIS, RDDT, and RKLB Are 60%-Plus Off Their Highs: What Reddit Got Wrong
As seen on the 24/7 Wall St. homepage on November 8, 2026.
Rklb? You mean the stock that went from 40 at the end of 2025 to 150 mid 2026? 4x is getting it wrong? Or do you mean NBis which was 60 and then 300, respectively?
Three crowd favorites sitting 60%-plus below their highs, with a 176-comment thread debating the picks and the entry prices. Worth reading before you buy the next consensus winner after the story is already obvious.
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A thread in r/stocks is asking a pointed question: three of the most enthusiastically upvoted stocks heading into 2026 are now more than 60% below their peaks, and the community that championed them wants to know why. The post drew 176 comments, which suggests this is not a question people are willing to let slide.
The top-voted reply pushes back hard on the framing: user squibius, with 87 upvotes, points out that one of the three names ran from 40 to 150 at its peak and another went from 60 to 300, which complicates calling them failures. The debate turns on entry price as much as business quality.
Several commenters finger the entry price problem specifically, noting that a good company at a silly price is still a bad buy and the crowd piled in after the story was already obvious. When growth slowed, there was no exit plan, just holding and hoping.
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One commenter offers the most granular read on the first of those names: quarterly revenue climbed from roughly 146 million dollars to 582 million dollars in three quarters, so the business thesis was not obviously wrong. What got underweighted, the comment argues, was a financing structure of convertible notes and a Citi bridge loan secured on substantially all assets. The market is pricing the debt wall, not the growth.
One commenter offers a macro explanation as well, citing a supply shock from a conflict involving Iran as a trigger for a broader selloff in high-beta stocks. That framing remains contested in the thread, but it reflects how quickly external shocks can reprice even fundamentally sound growth names when valuations leave no margin for error.
The broader lesson the thread keeps circling is timing and sentiment: Reddit upvotes are not a valuation tool, and crowd consensus that forms after a stock has already moved substantially tends to reflect momentum more than insight. The 176-comment debate is worth reading before treating the next obvious consensus pick as a low-risk entry.