Index funds may be forced to buy nearly three times Reddit's average daily trading volume after its S&P 500 announcement, but a look at the last twelve additions to the benchmark tells a very ...
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Why Reddit Stock Just Gained 10.7%
Reddit is joining the big leagues with its S&P 500 inclusion.
Although Wall Street loves a clean catalyst, and index inclusion is about as clean as they come, the record of the past year suggests the party rarely lasts. Reddit (NYSE:RDDT) is trading roughly 11% ...
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