Reddit Stock Plunges 26% From Highs, Yet Call Options Have Surged 575%: Is A Rebound Brewing?
Reddit Inc RDDT stock has been in free fall, shedding 26% since hitting a 52-week high of 70.5 million share sale, has rattled investors.But is the market overreacting?Google’s Punch, Reddit’s ComebackThe fourth quarter earnings report was a mixed bag. While revenue soared 71% year over year and EPS beat estimates, daily active users dipped — a direct hit from Google’s search algorithm tweak.But CEO ...