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As of 01:22PM EDT. Market open.
| Previous close | 172.98 |
| Open | 170.71 |
| Bid | 171.00 x 100 |
| Ask | 171.23 x 100 |
| Day's range | 170.52 - 171.91 |
| 52-week range | 108.48 - 176.42 |
| Volume | |
| Avg. volume | 23,152,552 |
| Market cap | 2.103T |
| Beta (5Y monthly) | 1.05 |
| PE ratio (TTM) | 26.24 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 0.80 (0.46%) |
| Ex-dividend date | 10 Jun 2024 |
| 1y target est | N/A |
- Yahoo Finance
Reddit stock rises after first quarterly report on higher-than-expected earnings forecast, AI hopes
Reddit stock moved higher after giving a better-than-expected Q2 forecast for sales and profit metrics. Many strategists argue that the long-term growth story for Reddit is in artificial intelligence opportunities.
- Yahoo Finance
Stock buybacks hit highest level since 2018
Stock buybacks are soaring in another sign that companies are feeling better about the macroeconomic outlook.
- Barrons.com
Reddit Earnings Got a Google Boost. Why That’s Worrisome for the Stock.
Reddit first earnings report as a public company knocked expectations out of the park. Wall Street sees other ways, however, for Reddit to drive revenue growth beyond a rise in traffic. On Tuesday, Reddit posted March-quarter revenue that crushed estimates helped by a 37% surge in daily active unique visitors from the same period a year before.
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