Streetbeat News

RDDT

Reddit, Inc.

https://www.redditinc.com

Industry

Internet Content & Information

Reddit, Inc. operates a website that organizes digital communities. It organizes communities based on specific interests that enable users to engage in conversations by sharing experiences, submitting links, uploading images and videos, and replying to one another. The company was founded in 2005 and is headquartered in San Francisco, California. Reddit, Inc. operates as a subsidiary of Advance Publications, Inc.

Open

126.51

Mkt cap

23B

Volume

6.8M

High

130.83

P/E Ratio

-38.50

52-wk high

230.41

Low

123.45

Div yield

N/A

52-wk low

37.35

Reddit shares are experiencing a decline in value due to ongoing volatility after the company's recent debut on the NYSE.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 4:13 pm

Reddit shares (symbol: RDDT) are experiencing increased trading activity and volatility after the company's recent debut on the New York Stock Exchange (NYSE).

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 7:21 pm

The top 10 trending stocks on WallStreetBets as of April 2, 2024, include TSLA, DJT, NVDA, CORN, RDDT, AZZ, AAPL, TSM, MSTR, and AI, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:18 pm

Reddit shares are experiencing a decline due to ongoing volatility after the company's recent Initial Public Offering (IPO).

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:28 pm

After a strong first quarter for the S&P 500, investors are shifting their focus towards protection against severe market swings, despite economic optimism. The options market shows a preference for hedges against extreme volatility, indicating concerns over potential 'black swan events'. Positive economic indicators and high-profile events like the Reddit Inc. IPO have fueled market gains, but increased activity in VIX call options reflects worries about future volatility, especially regarding the Federal Reserve's interest rate policies.

Portfolio Pulse from Piero Cingari

April 01, 2024 | 7:01 pm

The top 10 trending stocks on WallStreetBets as of April 1, 2024, include NVDA, DJT, RDDT, TTS, M, TSLA, NKLA, AAPL, AMD, and MSTR, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 2:58 pm

Reddit shares are experiencing a downturn due to ongoing volatility after the company's recent Initial Public Offering (IPO).

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 2:30 pm

The article highlights the top 10 most-searched tickers on Benzinga Pro in March 2024, showcasing companies like NVIDIA, Tesla, and the SPDR S&P 500 ETF Trust. It also mentions the significant interest in SoundHound AI, the debut of Solidion Technology post-SPAC merger, and Reddit's IPO. Additionally, it notes the impact of Bitcoin's valuation on the popularity of Marathon Digital, Coinbase, and MicroStrategy. The list reflects investor interest and market trends.

Portfolio Pulse from Chris Katje

April 01, 2024 | 2:11 pm

Three Reddit Inc (NYSE:RDDT) executives sold shares during its IPO, missing out on $19M in additional gains as shares soared post-IPO. The sales were part of the IPO process, with shares initially priced at $34. Despite the sales, shares of Reddit fell 14.60% to $49.32 on Thursday. The timing of these sales and the subsequent drop in share price may impact investor perception and the stock's future performance.

Portfolio Pulse from Chris Katje

March 28, 2024 | 8:40 pm

Reddit Inc. (NYSE:RDDT) experienced a significant drop, its largest since the IPO, following a bearish report from Hedgeye Risk Management predicting a 50% decline in its stock value. The report led to a 15% decrease in Reddit's stock on March 27, contrasting sharply with the initial surge post-IPO. Hedgeye's analysis deems Reddit 'grossly overvalued' and anticipates its stock to align closer to its IPO price, suggesting a bleak outlook despite Reddit's upcoming Q1 2024 results.

Portfolio Pulse from Surbhi Jain

March 28, 2024 | 7:40 pm

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