After spending much of the spring under significant selling pressure, shares of Reddit Inc. (NYSE: RDDT) have been roaring back in some style. The stock has climbed more than 50% in just over two weeks, breaking free of its prior trading range and cruising into all-time highs.
It's a remarkable reversal for a stock that only went public last year. It then promptly collapsed 65% between February and April, leading to many on Wall Street dismissing it as just another over-hyped IPO.
