Reddit shares are trading higher after Loop Capital upgraded the stock from Hold to Buy.
Portfolio Pulse from Benzinga Newsdesk
Reddit shares are trading higher after Loop Capital upgraded the stock from Hold to Buy.
August 01, 2024 | 1:12 pm
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POSITIVE IMPACT
Reddit shares are experiencing a boost in trading activity following an upgrade from Loop Capital, which raised its rating from Hold to Buy.
The upgrade from Loop Capital is a positive signal to investors, indicating increased confidence in Reddit's stock. This is likely to drive short-term buying activity and push the stock price higher.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100