Andrew Bary
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As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.Articles
Reddit will join the S&P 500. The stock jumps 11%.
Reddit will replace AvalonBay Communities before the opening of trading on Tuesday, according to S&P Dow Jones Indices , which oversees the index. The change was prompted by Equity Residential's coming acquisition of AvalonBay, a large owner of multifamily housing. That deal is expected to be completed soon. After the merger, the combined company will be renamed Vivmark Residential and will stay in the S&P 500. Reddit shares surged in after-hours trading, rising 11.3% to $176.
Reddit Will Join the S&P 500. The Stock Jumps 11%.
Reddit RDDT will replace AvalonBay Communities AVB before the opening of trading on Tuesday, according to S&P Dow Jones Indices , which oversees the index. Copyright © Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Berkshire Bought Alphabet Stock in Q2—and Maybe Microsoft Too
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