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Why Reddit (RDDT) Is Back In The Spotlight
Simply Wall St.35d agoneutral
Why Reddit (RDDT) Is Back In The Spotlight

Reddit (RDDT) has just been added to several major S&P indices, including the S&P 500 and S&P Global 1200, while exiting a Russell small cap growth benchmark. This change sharpens attention on how the stock fits into large cap portfolios. See our latest analysis for Reddit. Recent index additions coincided with a volatile stretch for Reddit, with the 1 day share price return declining 0.9% and the 30 day share price return down 19.1%, while the 90 day share price return is still up 6.1% and...

Reddit (RDDT) Jumped 13% on S&P 500 Inclusion. Will Index Demand Hold the Gain?
Insider Monkey36d agobullish
Reddit (RDDT) Jumped 13% on S&P 500 Inclusion. Will Index Demand Hold the Gain?

Reddit, Inc. (NYSE:RDDT) shares climbed 12.6% to $178.09 on August 14 after S&P Dow Jones Indices said the social-media company would join the S&P 500 before trading begins on August 18. J.P. Morgan estimates that index-tracking funds will require exposure equivalent to about 16.7 million Reddit shares, equivalent to nearly three times Reddit’s average daily […]