On August 14, Reddit rose 11.44% in pre-market trading, trading at 176.3 USD/share, with Turnover of approximately $5.44 million.

On the news front, S&P Dow Jones Indices announced that Reddit will officially be added to the S&P 500 index prior to the opening of trading on August 18, replacing AvalonBay Communities. The replacement comes as Equity Residential is acquiring AvalonBay in a deal expected to close soon, with the combined entity to be renamed Vivmark Residential.

Inclusion in the S&P 500 implies substantial passive buying from index-tracking funds, creating significant near-term capital inflow expectations. Notably, Reddit had previously tumbled nearly 22% following its Q2 earnings release on July 30, despite beating estimates with revenue of $805 million (up 61% YoY) and EPS of $1.25 versus the $0.95 consensus, as concerns over AI disruption to search traffic weighed on sentiment. The index inclusion serves as a catalyst for share price recovery from those losses.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)