
Reddit stock ($RDDT) experienced significant gains following its IPO, with shares soaring up to 92% above the listing price. The stock surged 30% on Monday, reaching $59.80, and continued to rise, hitting $75 at one point. However, after a short report and insider selling, the stock plummeted almost 25% over two days, closing the week at $49.30. Hedgeye's bearish analysis led to a 15% decline in shares. Despite turbulent fluctuations, Reddit's stock remains above the offer price, closing the quarter at $49.32, 45% higher than the initial price.









Reddit’s stock gained 48% in its #NYSE debut after pricing its shares at $34 and opening at $47. It closed its first day of trading at $50.44 and reached a high of $57.80 Learn more about #MicroVentures’ portfolio company: https://t.co/K5HJiX0a3w #Reddit #IPO #invest #investing https://t.co/UlUNqcgA2f
little IPO lesson with $RDDT - bookmark this https://t.co/jxDOsg4niG
Reddit's Stock Is Already Collapsing https://t.co/LaaMsz4iHL