Business
7 New Reddit Stocks That Could Follow Rocket Stock to the Moon – InvestorPlace
Reddit is often credited with firms like Rocket and its shares stock soaring then falling. That said, here’s 7 more Reddit stocks out there.
Nearly two weeks ago, when Rocket (NYSE:RKT
) figuratively flew to the moon, the follow-through proved disappointing. RKT stock, which has a short float of just above 35%, peaked at $43 per share before falling to near its current price of just under $26. But why is the media attaching the fast pump and quick dump to Reddit — making some companies “Reddit stocks?”
The social networking site gained notoriety when users gathered to buy up as many GameStop (NYSE:GME
) shares as possible. In turn, GME…
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