S&P Dow Jones Indices (the S&P Index parent company) announced that Reddit ($RDDT ) will replace AvalonBay Communities (AVB) in the S&P 500, effective before the U.S. market opens on August 18.
Driven by this news, the price of $RDDT surged 12.6%, with trading volume increasing 2.8 times on the day.
It was not until August 18 that Reddit officially took effect; passive mechanical buying has not fully flowed in yet. Friends, can you still chase Reddit now? 🤔
Driven by this news, the price of $RDDT surged 12.6%, with trading volume increasing 2.8 times on the day.
It was not until August 18 that Reddit officially took effect; passive mechanical buying has not fully flowed in yet. Friends, can you still chase Reddit now? 🤔