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Reddit ( RDDT) stock soared on its first day of trading, ending the day up nearly 50% from its initial public offering price of $34 a share. The stock closed at $50.44 on Thursday, up 48% from the ...
Jon Quast, The Motley Fool. May 17, 2024 at 9:47 AM. Shares of social media company Reddit(NYSE: RDDT) soared on Friday after the company announced a partnership with Microsoft 's OpenAI. As of 11 ...
Initially expected to price its IPO in the $31 to $34 per share range, Reddit ended up pricing its IPO at $34 late Wednesday, giving it a $6.4 billion valuation initially. The targeted valuation ...
Reddit stock popped as much as 5% Wednesday after the company said in its first-ever quarterly earnings report that it expects better-than-expected sales growth in the current quarter and further ...
In January 2021, a short squeeze of the stock of the American video game retailer GameStop and other securities took place, causing major financial consequences for certain hedge funds and large losses for short sellers. Approximately 140 percent of GameStop's public float had been sold short, and the rush to buy shares to cover those positions ...
List of major stock exchanges. This is a list of major stock exchanges. Those futures exchanges that also offer trading in securities besides trading in futures contracts may be listed both here and in the list of futures exchanges . There are twenty one stock exchanges in the world that have a market capitalization of over US$1 trillion each.
Reddit currently trades at 8.5 times this year's estimated sales. Assuming its price-to-sales ratio holds steady, it would need to increase its annual revenue at a compound annual growth rate ...
Reddit became synonymous with the meme stock rally of 2021. Now, its stock has become a meme itself. Reddit stock popped more than 12% on Tuesday and has rallied more than 30% since its initial ...