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Reddit stock soared more than 40% to a record high of $117 on Wednesday after the newly public social media company reaped its first-ever post-IPO profit. ... Although its adjusted earnings per ...
The stock debuted at $34 per share and closed the day up 48%, but that was nothing compared to what was to come. On Dec. 9, shares hit a jaw-dropping 52-week high of $180.74, a massive 432% ...
Reddit's stock leaps nearly 40% after the social media company reported a quarterly profit amid strong user growth.
Reddit priced its shares at $34 each, valuing the company at around $6 billion, less than the $10 billion valuation the company targeted on the private market in 2021 — which may be a reminder ...
Reddit stock soared on its first day of trading, ending the day up nearly 50% from its initial public offering price of $34 a share.The stock closed at $50.44 on Thursday, up 48% from the IPO ...
On March 24, the GameStop stock price fell 34 percent to $120.34 per share after earnings were released and the company announced plans for issuing a new secondary stock offering worth up to $1 billion. [80] [81] By March 24, short interests had dropped to 15 percent, compared to the 141 percent level at its peak in January. [82]
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The run-up in the stock price has dramatically increased its valuation, leaving investors to question whether they are too late.