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Reddit is joining the S&P 500 with its stock down 31% this year

Posted on By Emily Chen No Comments on Reddit is joining the S&P 500 with its stock down 31% this year

Index Provider Announces Change

The index provider announced the change on August 13, in a release issued at 18:12 New York time. Reddit is now categorized under the Communication Services sector and trades on the New York Stock Exchange under the ticker RDDT. A subsequent change occurred two days later when Sun Communities replaced Webster Financial in the S&P MidCap 400 on August 20.

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