Reddit Joins S&P 500 as Post-Inclusion Boost Quickly Fades
Reddit officially joined the S&P 500 benchmark index, but the initial share price surge is already fading as post-inclusion buying momentum quickly cools down.
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Recently added · Page 1Reddit Jumps 15% on S&P 500 Inclusion Ahead of August Index Rebalance
Reddit shares surged 15% after S&P Dow Jones Indices announced the social platform will join the S&P 500 index on August 18, replacing AvalonBay Communities. The inclusion follows robust Q2 earnings …