The Latest Breaking News from RDDT

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While the stock popped on Monday, investors should note that Reddit stock was downgraded by one analyst as a wave of potential selling pressure looms.

Reddit stock continued to charge higher and has now nearly doubled in price since last week's IPO.

Shares of Reddit jumped more than 60%.

Reddit is set to debut Thursday on the New York Stock Exchange under the ticker RDDT after an IPO priced at $34 dollars a share, the company said Wednesday in a statement, which would value the platform at around $6.4 billion.

Platform to make its debut on New York stock exchange on Thursday with a market value of $6.4bn

Reddit is set to go public this week in what will likely be among the most-watched IPOs of the last year. Here's the forecast for Reddit shares, and whether the subreddit WallStreetBets might make it a "meme stock" as some members contemplate shorting the stock.

Reddit files for IPO, offering shares to eligible users. CEO sees growth in advertising and data licensing. Facing competition from major tech companies, R...

Reddit's IPO will be the first time since 2019 that a social media company has premiered on the stock market.