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Reddit (RDDT) will join the S&P 500 on Aug. 18, sparking a 15% stock surge. Strong Q2 revenue growth (61% YoY) and AI-driven ad opportunities bolster investor confidence despite a 22% YTD decline.
Reddit (RDDT) surges 12% after being added to the S&P 500, replacing AvalonBay Communities following its merger with Equity Residential. Minimal direct impact on broader S&P 500 index performance.
Reddit will join the S&P 500 on Aug. 18, sparking an 11% after-hours rally as index funds must buy shares. The move follows mixed Q2 results tied to Google's AI Overviews reducing search referral tra…
Reddit (RDDT) will join the S&P 500, replacing AvalonBay Communities after Equity Residential's acquisition. RDDT shares surged 11.3% after-hours. Minor index composition news with limited broad mark…