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In the most recent trading session, Reddit Inc. (RDDT) closed at $62.06, indicating a -1.41% shift from the previous trading day.
Shares of Reddit (RDDT) jumped Monday, outpacing other social media companies' rising shares to start the week.
Reddit (NYSE: RDDT ) stock is up on Monday after signing new deals with the NFL, the NBA and other sports leagues for more content on its website. This will see sports leagues share a variety of content on the site in an effort to attract more users.
Reddit said on Monday it has struck deals with sports leagues, including the National Basketball Association and the National Football League, in an attempt to boost revenue.
Reddit Inc. (RDDT) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
Reddit stock has delivered a 30% return to shareholders since going public in March, outperforming the S&P 500. Reddit's dual share structure offers an intriguing twist on a concept that has caused concern for investors in the past. We cannot help but wonder about the sustainability of today's valuation, even with robust user growth.
Reddit Inc. (RDDT) reachead $65.92 at the closing of the latest trading day, reflecting a +1.09% change compared to its last close.
Social media stocks Reddit, Inc. RDDT and Trump Media & Technology Group Corp. DJT were among high-profile public listings in March and their fortunes have diverged. Here's a rundown on how the shares have fared since their listings vis-a-vis fundamentals and what lies ahead.
Reddit is commonly thought of as a meme stock, but it has the fundamentals to back the soaring stock price. The latest quarter saw the company deliver sector-leading growth while also making solid improvements in profitability. Wall Street may be missing the big picture here, as the growth runway is as long as I have ever seen.
U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 40 points on Tuesday.