Reddit announced it will join the S&P 500 on Aug. 18 as an off-cycle addition prompted by an existing constituent's acquisition. The company's shares rose about 12.6% in after-hours trading following the news.
This item was indexed from its published source and tied to the entity records it names. The Counterparty reports what the market says and who it says it about; it does not rewrite the original report. Read the source for the full account.