Reddit surged sharply after S&P Dow Jones Indices confirmed that this platform will be added to the S&P 500 index.
This stock jumped 11% in extended-hours trading immediately after the announcement, and ticker trend data provided shows RDDT rising 10.80% to $175.09.
Reddit will replace AvalonBay Communities before the market opens on Tuesday, August 18. This move places Reddit into the basket of the top U.S. stock indexes just a short time after it became a widely followed publicly traded social media name.
This stock jumped 11% in extended-hours trading immediately after the announcement, and ticker trend data provided shows RDDT rising 10.80% to $175.09.
Reddit will replace AvalonBay Communities before the market opens on Tuesday, August 18. This move places Reddit into the basket of the top U.S. stock indexes just a short time after it became a widely followed publicly traded social media name.