RDDT Stock Jumps 11% After-Hours — What’s Driving The Rally?
Reddit Inc. will replace AvalonBay Communities Inc. (AVB) in the S&P 500 effective prior to the opening of trading on Tuesday, August 18. Inclusion in the S&P 500 typically triggers buying from passive funds and index trackers. The index inclusion comes weeks after Reddit reported strong second-quarter results on July 30, including a 61% jump … Read more