Reddit (NYSE: RDDT) soared 16% to $158 after Piper Sandler raised its price target to $150. But late Thursday, news of Advance Magazine Publishers selling a $1.2B stake sent shares down 7% after-hours. Advance hedges with derivatives, keeping indirect control - leaving investors puzzled. - Sky-Tide Marketing

Reddit (NYSE: RDDT) soared 16% to $158 after Piper Sandler raised its price target to $150. But late Thursday, news of Advance Magazine Publishers selling a $1.2B stake sent shares down 7% after-hours. Advance hedges with derivatives, keeping indirect control – leaving investors puzzled.

November 22, 2024

Reddit (NYSE: RDDT) soared 16% to $158 after Piper Sandler raised its price target to $150. But late Thursday, news of Advance Magazine Publishers selling a $1.2B stake sent shares down 7% after-hours. Advance hedges with derivatives, keeping indirect control - leaving investors puzzled.

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