Reddit Stock Drops 35.84% in Trading Volume, Ranks 99th in Market Despite 3-Day Gain

Generado por agente de IAAinvest Market Brief
martes, 25 de marzo de 2025, 7:38 pm ET1 min de lectura
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On March 25, 2025, Reddit's trading volume was $716 million, a 35.84% decrease from the previous day, ranking 99th in the day's stock market. RedditRDDT-- (RDDT) rose 0.39%, marking its third consecutive day of gains, with a 15.34% increase over the past three days.

Reddit's stock price has been influenced by various factors, including market sentiment and investor expectations. The company's market capitalization stands at $22.6 billion, with 125.53 million shares outstanding and a public float of 110.09 million shares. The stock's 52-week range is between $37.35 and $230.41, indicating significant volatility over the past year.

Investors are closely monitoring Reddit's earnings growth, which is projected to increase by 94.64% in the coming year, from $1.12 to $2.18 per share. This anticipated growth has contributed to the positive sentiment surrounding the stock, as investors anticipate stronger financial performance in the near future.

Reddit's stock price has been subject to fluctuations due to market conditions and investor behavior. The company's beta, which measures its volatility relative to the broader market, is currently at 0, suggesting that its price movements are not strongly correlated with overall market trends. This lack of correlation may be attributed to the unique nature of Reddit's business model and its position in the social media landscape.

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