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Reddit Stock Jumps on S&P 500 Inclusion

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Reddit Stock Jumps on S&P 500 Inclusion

Reddit (RDDT) shares are up 11.5% to $176.25 before the open after it was selected to join the S&P 500 on Aug. 18, replacing AvalonBay Communities (AVB). The index inclusion is expected to drive incremental demand from S&P 500 index funds/ETFs and boost near-term sentiment.

Analysis

Reddit (RDDT) shares are up 11.5% to $176.25 before the open after it was selected to join the S&P 500 on Aug. 18, replacing AvalonBay Communities (AVB). The index inclusion is expected to drive incremental demand from S&P 500 index funds/ETFs and boost near-term sentiment.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.35

Ticker Sentiment

AVB-0.20
RDDT0.65

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