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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 ...
For example, Needham analyst Laura Martin raised her price target for Reddit stock to $75 per share on June 18, according to The Fly. For perspective, Martin's price target had already been raised ...
Reddit, along with some existing stockholders, plans to offer 22 million shares of the company’s Class A stock, meaning the IPO could raise as much as $748 million from those shares, according ...
Reddit (/ ˈ r ɛ d ɪ t /) is an ... [15] [16] Reddit debuted on the stock market on the ... The platform intends to sell 22 million class A common shares at a price ...
In January 2021, Reddit users on the r/wallstreetbets subreddit built the foundations for a short squeeze on GameStop, pushing up the stock price significantly. [11] This occurred shortly after a comment from Citron Research predicting the value of the stock would decrease. [ 24 ]
Reddit stock moved higher after giving a better-than-expected Q2 forecast for sales and profit metrics. ... Anmuth maintained a Neural rating on the stock while raising his price target to $57 ...
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 ...
Snoo, mascot of Reddit Inc., rings the opening bell during the company's initial public offering (IPO) on the floor of the New York Stock Exchange on Thursday, March 21, 2024.