Reddit shares are trading lower after Loop Capital downgraded the stock from Buy to hold.
Portfolio Pulse from Benzinga Newsdesk
Reddit shares are trading lower after Loop Capital downgraded the stock from Buy to Hold.
July 16, 2024 | 11:18 am
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NEGATIVE IMPACT
Reddit shares are trading lower following a downgrade by Loop Capital from Buy to Hold.
The downgrade from Loop Capital is likely to negatively impact investor sentiment and lead to a short-term decline in Reddit's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100