Shares of Reddit (NYSE: RDDT) have plunged from the peak they touched soon after the social media company went public in March. While an initial surge sent Reddit stock to nearly $75 per share, it's been downhill ever since. The stock has tumbled more than 40% from that all-time high. Analysts at Loop ...
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Reddit (NYSE: RDDT) has the odds stacked against it, according to Bernstein analyst Mark Shmulik, who initiated coverage of the social media company this past week. He assigned the stock an "underperform" rating and attached a price target of $40. Based on the stock price as of this writing, that price ...
motleyfoolusx:rddt
It's been a volatile start to Reddit's (NYSE: RDDT) brief life as a publicly traded company. The network of interest-fueled community discussion boards erupted higher in its first three days of trading. It has fallen sharply in each of the three subsequent days. The stock is basically back to where it ...
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Two new social media stocks gained a lot of attention in late March: Trump Media and Technology Group (NASDAQ: DJT), or TMTG, the owner of Truth Social; and Reddit (NYSE: RDDT), which calls itself the "front page of the internet." TMTG merged with a special purpose acquisition company (SPAC) on March ...
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Reddit (NYSE: RDDT) has gone on a wild ride since its initial public offering on March 21. The social news platform went public at $34, and its shares opened at $47 before rallying to a record high of $74.90 just five days later. But today it trades at about $48. I recently dug deeper into Reddit's business ...
motleyfoolusx:rddt
After an explosive initial public offering (IPO) last week, Reddit (NYSE: RDDT) stock closed out this week's trading with more gains. The social media company's share price ended the shortened trading week up 7.2% from last Friday's market close, according to data from S&P Global Market Intelligence. ...
motleyfoolusx:rddt
Reddit (NYSE: RDDT) stock had its initial public offering (IPO) on March 21, with an IPO price of $34 per share, and the social media company's share price has seen strong bullish momentum. With the stock now sitting at roughly $65 per share, Reddit has roared 91% from its pre-trading IPO price. But ...
motleyfoolusx:rddt
Reddit (NYSE: RDDT) went public at $34 per share on March 21. The social news platform provider's stock opened at $47 and ended its first day at $50.44. That gave it a market cap of $8 billion -- but it's still a lot smaller than larger social media companies like Meta Platforms (NASDAQ: META), Pinterest ...
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