0.00Open0.00Pre Close0 Volume0 Open Interest98.00Strike Price0.00Turnover393.14%IV-61.05%PremiumAug 2, 2024Expiry Date37.15Intrinsic Value100Multiplier1DDays to Expiry0.00Extrinsic Value100Contract SizeAmericanOptions Type-0.9377Delta0.0071Gamma1.62Leverage Ratio-0.3713Theta-0.0040Rho-1.52Eff Leverage0.0054Vega
Reddit Stock Discussion
a short-term rally will take it up to about $68. a very strong earnings report will put it low to mid 70s.
Since IPO in last March, Reddit is working hard to expand its Ads business in many ways. Strong revenue growth is expected for upcoming quarters.
Most analysts give buy rating since June and their target price is above 70.
I bought the stock when price fall back to 30MA on daily chart in last June. Right now the stock is trending higher inside asce...
It's overvalued:
1. It's up 100% over IPO price
2. It can't monetize
3. It's a forum
4. It's never made money
5. It loses money
6. SBC
7. Fake "AI" pump
None of these are good arguments to short
Analyst Alan Gould downgraded the forum social network stock to hold from buy and reiterated a $75 per share price target. Gould’s forecast implies roughly 3% upside from Monday’s $72.98 close.
Reddit shares dropped 6.2% in morning trading Tuesday.
“The stock is now trading at well over twice its ...
Gapping up
$UnitedHealth(UNH.US)$ reported on Tuesday earnings and revenue for the fiscal Q2 2024 that beat consensus estimates. Q2 EPS stood at $6.80, above the analyst expectations of $6.67. Revenue for the quarter was $98.9 billion, slightly above the consensus estimate of $98.72 billion. The shares rose by 2.2% in premarket trading.
$Bank of America(BAC.US)$ After reporting second-quarter financial results t...
"oh, im going to buy Reddit"
Big winners: $Meta Platforms(META.US)$ +4.8% and $NVIDIA(NVDA.US)$ +3.2%
Meanwhile, $Tesla(TSLA.US)$ dipped -1.7%
Check out NASDAQ: $LOBO's +8.40% latest partnership news - poised for growth with Brazilian distributor! Zack's target: $5.
AI stocks may be struggling in short term but fundamentals are still very strong. A little pullback is normal.
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