3 Reasons to Sell Reddit Stock, 1 Big Reason to Buy
It's been a volatile start to Reddit's (NYSE: RDDT) brief life as a publicly traded company. The network of interest-fueled community discussion boards erupted higher in its first three days of trading. It has fallen sharply in each of the three subsequent days. The stock is basically back to where it was at the close of its first day on the market.
Where will it go next?
There are some pretty good reasons to steer clear of Reddit. There's also a pretty big reason to stick it out. Let's go over three red flags that can keep the stock back, and the one unlikely catalyst that could make this the next hot initial public offering (IPO) to deliver generational wealth to its early investors.
Source Fool.com
