Reddit set for indexation boost, due on S&P 500 later this month

Reddit (RDDT) shares jumped 12.45% in extended trading after S&P Dow Jones Indices confirmed the stock will be added to the S&P 500. Reddit is set to enter the index before the US open on August 18, a change that typically boosts investor demand via index-tracking flows.

Analysis

Reddit (RDDT) shares jumped 12.45% in extended trading after S&P Dow Jones Indices confirmed the stock will be added to the S&P 500. Reddit is set to enter the index before the US open on August 18, a change that typically boosts investor demand via index-tracking flows.