Social Media Platform Reddit Stock Earns 90 RS Rating

Reddit (RDDT) stock had its Relative Strength (RS) Rating upgraded from 79 to 90 Monday.

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This exclusive rating from Investor’s Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price movement over the last 52 weeks holds up against all the other stocks in our database.

History shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they begin their largest climbs.

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Is Reddit Stock A Buy?

Reddit stock has been rallying on partnership with Microsoft-backed  OpenAI. While the stock is not near an ideal entry right now, see if it goes on to form and break out of a proper chart pattern. Check out “Reddit Stock Soars On OpenAI Partnership; Is It A Buy Right Now?

The social media company posted 0% EPS growth in the latest quarterly report, while sales growth came in at 48%.

Reddit stock holds the No. 18 rank among its peers in the Internet-Content industry group. Kanzhun ADR (BZ), Pinterest (PINS) and Alphabet Cl C (GOOG) are among the top 5 highly rated stocks within the group.

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