Investment rationale of Robinhood users in the aviation industry during the covid-19 pandemic

Abstract

This paper was conducted to analyze the factors that influence retail investors of Robinhood in their decision to invest in airline securities. One can see that retail investors buy airline stocks even though the price is constantly going down. The analysis includes factors such as COVID-19 cases, daily flights, the stock price, Google Search Volume, and mentions in the Reddit forum Wall Street Bets to figure out what exactly leads retail investors in investing. We conclude that retail investors seem to be focusing on Google as their primary search tool and less on the Reddit thread.