Reddit Inc Class A ( (RDDT) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Reddit, Inc. (RDDT) has seen a surge in bullish options trading, with over 30,000 calls and a rise in implied volatility, signaling strong investor interest ahead of its earnings report on July 31. The active trading of specific call options suggests optimism about the stock’s near-term performance. Analysts are adjusting price targets as they assess the potential impact of the earnings on Reddit’s valuation and market position.
More about Reddit Inc Class A
YTD Price Performance: -33.18%
Average Trading Volume: 9,031,081
Technical Sentiment Signal: Sell
Current Market Cap: $20.69B
For further insights into RDDT stock on TipRanks’ Stock Analysis page.
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