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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 ...
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.
Reddit soared in its Wall Street debut as investors pushed the value of the company close to $9 billion seconds after it began trading on the New York Stock Exchange. Reddit, which priced its IPO ...
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 ...
Reddit (/ ˈ r ɛ d ɪ t /) is an ... Reddit debuted on the stock market on the ... The platform intends to sell 22 million class A common shares at a price between ...
Why Reddit Stock Soared Today. Jon Quast, The Motley Fool. May 17, 2024 at 9:47 AM. Shares of social media company Reddit(NYSE: RDDT) soared on Friday after the company announced a partnership ...
On February 24, the GameStop stock price doubled within a 90-minute period, and then averaged in the neighborhood of $200 per share for another month. 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.
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 ...