Скачать или смотреть Public CEO says Reddit was the most purchased stock on the app Thursday

Monday - Friday, 7:00 - 8:00 PM ETReddit shares hit the public markets to tremendous fanfare -- but even wilder trading sessions could lie ahead for the social media stock. After pricing shares at $34 a piece -- Reddit's stock surged 48% to close above $50 a share. Investing app Public, which caters to younger investors, saw first-hand how the enthusiasm was rampant."Despite only trading for less than half a day... it was the most bought stock of the day," Public.com CEO Jannick Malling told CNBC's Last Call on Thursday. "You've also seen anticipation build in the past few weeks. You can see it in the search volume."Malling thinks another catalyst that could amplify Reddit's eye-popping price action could be the Nasdaq planning to list Reddit options on its exchange on Monday. Options trading is a risky, yet popular tool in Reddit's investing community r/wallstreetbets."A lot of options traders on Public were asking about Reddit today -- when might we be able to buy options on it," Malling said. "Now whether they're gonna buy calls or puts -- that's the question on everyone's mind."


All data is taken from the source: http://cnbc.com
Article Link: https://www.cnbc.com/2024/03/21/public-ceo...


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