Reddit Stock Is Running Hot Again. The Ad Bet Behind RDDT’s Sudden Jump
Reddit Inc. shares jumped on Thursday as investors picked up the social-media stock after a new analyst call and renewed attention on the company’s push to make its advertising tools more automated and easier to measure. The stock was recently up 6.3% at $180.19, after trading as high as $187.24, according to market data. Volume was about 4.35 million shares, and the company’s market value stood near $36.5 billion.