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Reddit stock soared on its first day of trading, ending the day up nearly 50% from its initial public offering price of $34 a share.The stock closed at $50.44 on Thursday, up 48% from the IPO ...
For example, Needham analyst Laura Martin raised her price target for Reddit stock to $75 per share on June 18, according to The Fly. For perspective, Martin's price target had already been raised ...
Reddit stock moved higher after giving a better-than-expected Q2 forecast for sales and profit metrics. ... falling from a peak of about $74 per share to just below $40 as ... Anmuth maintained a ...
On March 24, the GameStop stock price fell 34 percent to $120.34 per share after earnings were released and the company announced plans for issuing a new secondary stock offering worth up to $1 billion. [80] [81] By March 24, short interests had dropped to 15 percent, compared to the 141 percent level at its peak in January. [82]
Reddit's initial public offering opened on March 20, 2024, at $34 per share and a $6.4 billion valuation. [83] They went public the next day on the New York Stock Exchange at $47 per share and rose to $50.44 at market close on its first day of trading, reaching a market cap of $9.5 billion. [84]
The jump pushed the stock up at $63.64, within striking distance of the record closing price of $65.11 hit in late-March, putting the company on track to add $1.2 billion to its market capitalization.
Nikkei 225. The Nikkei 225, or the Nikkei Stock Average ( Japanese: 日経平均株価, Hepburn: Nikkei heikin kabuka), more commonly called the Nikkei or the Nikkei index[ 1][ 2] ( / ˈnɪkeɪ, ˈniː -, nɪˈkeɪ / ), is a stock market index for the Tokyo Stock Exchange (TSE). It is a price-weighted index, operating in the Japanese Yen (JP ...
Snoo, mascot of Reddit Inc., rings the opening bell during the company's initial public offering (IPO) on the floor of the New York Stock Exchange on Thursday, March 21, 2024.