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Reddit (RDDT) will join the S&P 500 on August 18, replacing AvalonBay Communities following its acquisition by Equity Residential. Index composition changes are routine and have minimal broad market …
Reddit (RDDT) will join the S&P 500 on Aug 18, replacing AvalonBay after its merger with Equity Residential. Index funds must buy RDDT shares, boosting the stock and reflecting minor index reshufflin…
Reddit will join the S&P 500 on Aug. 18, replacing AvalonBay Communities, which is merging with Equity Residential. Reddit shares jumped 11% after hours on the news.