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Reddit (RDDT) Jumped 13% on S&P 500 Inclusion. Will Index Demand Hold the Gain?
요약
Reddit, Inc. (NYSE:RDDT) shares climbed 12.6% to $178.09 on August 14 after S&P Dow Jones Indices said the social-media company would join the S&P 500 before trading begins on August 18. J.P. Morgan estimates that index-tracking funds will require exposure equivalent to about 16.7 million Reddit shares, equivalent to nearly three times Reddit’s average daily […]