Reddit rallies after three-day slump as analyst calls selloff 'excessive'
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Reddit shares surged over 10% after a three-day decline, driven by a Loop Capital analyst's buy rating and positive outlook.
March 11, 2025 | 7:00 pm
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Reddit shares increased by more than 10% following a three-day decline. The rise was influenced by a Loop Capital analyst's note that reiterated a buy rating and described the shares as 'extremely attractive.'
The analyst's positive note likely reassured investors, leading to a significant rebound in Reddit's stock price. The buy rating and description of the shares as 'extremely attractive' suggest a strong market sentiment shift.
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