Reddit rallies after three-day slump as analyst calls selloff 'excessive'
Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange (NYSE) after ringing a bell on the floor setting the share price at $47 in its initial public offering (IPO) on March 21, 2024 in New York City.Reddit shares rose more than 10% on Tuesday, reversing a three-day slump that coincided with a broader decline among technology companies.Despite Tuesday's gains, Reddit shares are still roughly 30% below the close on Wednesday.Reddit's stock market upswing was likely bolstered by a Loop Cap ...