(CNBC) Reddit’s first stock rating among analysts was a hold. But the rally continued anyway. The shares climbed 8.8% on Tuesday to close at $65.11. They’re now up 92% since debuting on the stock market last week under ticker symbol “RDDT.” It was the first social media IPO since Pinterest’s offering in 2019.
Reddit investors shrug off hold rating, bid up stock another 9% as post-IPO rally continues
This entry was posted in Syndicated. Bookmark the permalink.
