Reddit Inc. shares notched their largest one-day drop since the social-media company’s trading debut after Hedgeye Risk Management released a report adding it as a short idea and saying it should fall about 50%.
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What Are Meme Stocks, and Are They Real Investments?Meme Stocks: What Are They And How Do They Work?Top trending meme stocks to watchReddit shares rise 30% to start week after social media company's IPOThe stock slipped 11% Wednesday to end the trading session at $57.75 a share, its lowest closing level since March 22. Reddit shares had been on a tear since the company’s March 21 initial public offering, gaining more than 90% to an all-time high close of $65.11 on Tuesday.
