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Benzinga

Business

Aaron Bry

Reddit Investors Propel Camber Energy To Upset Victory Against Tesla

Camber Energy Tesla Inc. Nasdaq CEI AMD NYSE

Benzinga, in partnership with Public.com, held its first Stock Market Madness bracket challenge this year, which ended on April 8.

Camber Energy Inc (NYSE:CEI), a 13 seed, defeated Tesla Inc (NASDAQ:TSLA) in convincing fashion, receiving more than 90% of the public vote.

The bracket was broken up into four regions; EV, Tech, Healthcare and WallStreetBets. All 64 stocks were given a seed, 1-16, and users voted on each matchup.

CEI had an impressive run to the championship, defeating retail investor favorites GameStop Corp. (NYSE:GME) and Advanced Micro Devices, Inc (NASDAQ:AMD).

Camber Energy is a favorite with the “Reddit Investor” crowd, but it was still surprising to see CEI defeat GameStop, AMD and Tesla so easily. These were the four stocks that made it to the final four: Apple Inc (NASDAQ:AAPL), Moderna Inc (NASDAQ:MRNA), Tesla and of course, Camber Energy.

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