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Why Reddit Stock Skyrocketed This Week

TheMotleyFool

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Reddit (NYSE: RDDT) stock continued to rocket higher in this week's trading thanks to strong quarterly results. The social media player's price rose 14.2% over the last week of trading.

Reddit published its second-quarter report on July 31, and the results spurred a surge in bullish momentum that extended into this week's trading. The company's share price is now up roughly 308% over the last year of trading.

Image source: Getty Images.

Source Fool.com

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