Reddit shares are trading lower after the stock surged amid Thursday's NYSE debut.
Portfolio Pulse from Benzinga Newsdesk
Reddit shares are trading lower following a surge during its NYSE debut on Thursday. The initial excitement around the stock's public offering has cooled off, leading to a decrease in its trading price.
March 22, 2024 | 11:08 am
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Reddit's shares are experiencing a downturn after their initial surge on the NYSE debut.
The decrease in Reddit's share price can be attributed to the natural market correction following the initial excitement of its NYSE debut. After investors and traders took profits from the initial surge, the stock's price began to normalize, reflecting a more sustainable valuation.
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