{"id":87751,"date":"2024-03-27T00:13:48","date_gmt":"2024-03-27T04:13:48","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=87751"},"modified":"2024-03-27T00:02:05","modified_gmt":"2024-03-27T04:02:05","slug":"reddit-investors-shrug-off-hold-rating-bid-up-stock-another-9-as-post-ipo-rally-continues","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2024\/reddit-investors-shrug-off-hold-rating-bid-up-stock-another-9-as-post-ipo-rally-continues.html","title":{"rendered":"Reddit investors shrug off hold rating, bid up stock another 9% as post-IPO rally continues"},"content":{"rendered":"\n<p>(CNBC) <a href=\"https:\/\/www.cnbc.com\/quotes\/RDDT\/\">Reddit\u2019s<\/a> 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\u2019re now up 92% since <a href=\"https:\/\/www.cnbc.com\/2024\/03\/25\/reddit-shares-close-30percent-up-following-social-media-companys-ipo.html\">debuting<\/a> on the stock market last week under ticker symbol \u201cRDDT.\u201d It was the first social media IPO since <a href=\"https:\/\/www.cnbc.com\/quotes\/PINS\/\">Pinterest\u2019s<\/a> offering in 2019.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/03\/26\/reddit-stock-jumps-15percent-as-post-ipo-rally-continues.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Reddit\u2019s 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\u2019re now up 92% since debuting on the stock market last week under ticker symbol [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-87751","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/87751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=87751"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/87751\/revisions"}],"predecessor-version":[{"id":87752,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/87751\/revisions\/87752"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=87751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=87751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=87751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}