Previous close | 4.6200 |
Open | 5.0000 |
Bid | 4.9000 |
Ask | 5.0000 |
Strike | 145.00 |
Expiry date | 2025-01-17 |
Day's range | 4.8500 - 5.0000 |
Contract range | N/A |
Volume | |
Open interest | 8.19k |
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.
Stock buybacks are soaring in another sign that companies are feeling better about the macroeconomic outlook.
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.