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Reddit stock's stellar market debut has drawn significant bearish bets against the social media forum in its first few days of trading, data from analytics company Ortex on Wednesday showed. Based ...
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 ...
(Reuters) -Reddit's shares opened 38% above the offer price when they started trading on Thursday, valuing the social media platform at $8.87 billion in a closely watched debut that could set the ...
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 ...
Reddit will enter a new era as a publicly traded company with a market value of $6.4 billion after the social media platform's initial public offering was priced at $34 per share. The price ...
2021 financial markets event. In January 2021, a short squeezeof the stockof the American video game retailer GameStopand other securitiestook place, causing major financial consequences for certain hedge fundsand large losses for short sellers. Approximately 140 percent of GameStop's public floathad been sold short, and the rush to buy shares ...
Welcome to the market, RDDT! Reddit stock jumps on first day as a public company ... Trading under the ticker “RDDT,” shares started trading at $47 and reached a high of $57.80 early Thursday ...
It will probably be a bumpy ride in coming months. Shares of social media platform Reddit (NYSE: RDDT) went up 17.8% in June, according to data provided by S&P Global Market Intelligence.. It was ...