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Reddit Becomes Most Purchased Stock on Investing App Public

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Investing app Public shared that Reddit was the most purchased stock on the platform Thursday, beating out tech giants Nvidia and Tesla. Public.com CEO Jannick Malling stated that despite only trading for less than half a day, Reddit was the most bought stock of the day. Traders on Public are already asking about the possibility of buying options on Reddit.

Investing app Public shared that Reddit was the most purchased stock on the platform Thursday, beating out tech giants Nvidia and Tesla. Shares hit the public markets to tremendous fanfare — but even wilder trading sessions could lie ahead for the social media stock. Public.com CEO Jannick Malling stated that despite only trading for less than half a day, Reddit was the most bought stock of the day. There is anticipation building around Reddit, as seen in the search volume.

Traders on Public are already asking about the possibility of buying options on Reddit. The question remains whether they will buy calls or puts

 

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Reddit stock starts trading 38% above initial public offering priceReddit, the San Francisco social media site that describes itself as 'the front page of the internet,' is debuting as a public stock on Thursday.
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