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Reddit (RDDT) stock soared more than 40% to a record high of $117 on Wednesday after the social media company reaped its first-ever profit as a public company and its third quarter revenue beat ...
The IPO valued Reddit at $6.4 billion, while the company and its selling shareholders raised $748 million. Reddit's long-awaited entry into public markets has been in the works for more than two ...
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 ...
r/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading. It has become notable for its colorful jargon, aggressive trading strategies, stories of extreme gains and losses acquired in the stock market, and for playing a major role in the GameStop short squeeze that caused significant losses for a number of US hedge funds and ...
Meme stock. A meme stock is a stock that gains popularity among retail investors through social media. [1][2][3] The popularity of meme stocks is generally based on internet memes shared among traders, [4] on platforms such as Reddit 's r/wallstreetbets. [5] Investors in such stocks are often young and inexperienced investors. [6]
On March 8, the stock saw continued rising of 41 percent to $194.50, and with around 25 percent of the stocks being shorted at this time. [44] On March 9, the stock surged to its highest point since January, resulting in a market capitalization over $17 billion. Shares closed at $246.90, and increased a further 3 percent in after-hours trading ...
Reddit, one of the original social media companies, is finally making its debut on the New York Stock Exchange Thursday — more than a decade after many of its peers. Trading under the ticker ...
At its debut in March, Reddit’s IPO started at $34 per share, after reaching a high of $50.44 at close of market that day — and was sitting at around $46 on Thursday.
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