- Social media platform Reddit's shares ticked down 2.6% before the bell on Friday, a day after it notched a 48% gain in its debut on the New York Stock Exchange.
Although the company has yet to post an annual profit since its launch in 2005, Reddit still got a warm reception from investors on Thursday and achieved a valuation of $9.52 billion at the end of the trading session. Recent Reddit comment threads about the IPO have focused heavily on the site's lack of profitability, with some users on the popular "wallstreetbets" forum looking to buy put options - a bearish bet - on the stock.This dividend stock is finally getting back on the straight and narrow after reporting a stronger bottom line, leading many to grab that dividend! The post 1 Dividend Stock Down 49% to Buy Right Now appeared first on The Motley Fool Canada.Is Enbridge Inc.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »