Reddit Stock Soared on the News of Its Inclusion in the S&P 500. Here Are 3 Things Investors Need to Know About the Social Media Stock in 2026.
On Friday, Reddit‘s (RDDT +12.63%) shares made it to the major league. They were tapped to join the benchmark S&P 500 index, replacing current component stock AvalonBay Communities (AVB +0.08%). The switch will take place before the start of trading on Tuesday, Aug. 18. Reddit’s stock understandably popped (by over 12%) on the news, not…