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Reddit (RDDT) Stock Falls 8% the Day Before Joining the S&P 500 – Here’s Why

By Trader Edge at 2026-08-18 05:27

Sentiment: Positive

TLDR Reddit stock fell about 8% on Monday after a 12.6% surge the previous Friday The drop is largely profit-taking ahead of official S&P 500 inclusion on August 18 Index funds were expected to complete bulk RDDT purchases in Monday’s closing auction Raymond James raised its price target to $205, maintaining a Strong Buy rating [...] The post Reddit (RDDT) Stock Falls 8% the Day Before Joining the S&P 500 – Here’s Why appeared first on CoinCentral. Continue reading...

Categories: Stocks

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