Traders work as Reddit’s logo is displayed, at the New York Stock Exchange (NYSE) in New York City, U.S., March 21, 2024. Brendan Mcdermid | Reuters Reddit shares popped 7% on Tuesday, climbing for a second straight day after retail traders kicked off a buying frenzy of so-called meme stocks. The stock closed at $62.34, … Read more
Avishek Das | Lightrocket | Getty Images Shares of GameStop jumped in premarket on Tuesday, on track to extend the meme stock rally started by Roaring Kitty’s first online post in three years. Shares of video game retailer GameStop traded 150% higher in premarket, following a 74% advance on Monday. AMC soared 110% in premarket … Read more
Reddit power users who participated in the company’s IPO made millions of dollars as a group in profits after the stock’s big jump in its first day on the market. While Redditors interviewed by CNBC ahead of the offering said they were skipping out on the IPO due to concerns about the business and the … Read more
