Companies with more cash than debt can be financially resilient, but that doesn’t mean they’re all strong investments.
Some lack leverage because they struggle to grow or generate consistent profits, making them unattractive borrowers.
Shares of online community and discussion platform Reddit (NYSE:RDDT) fell 3.1% in the afternoon session after the major indices pulled back (Nasdaq -0.8%, S&P 500 -0.77%), largely due to escalating concerns surrounding the July 9th deadline for new US tariffs, now amplified by specific announcements.
Shares of online community and discussion platform Reddit (NYSE:RDDT) jumped 5.2% in the morning session after the company disclosed amendments to its credit and guarantee agreement.
As Reddit celebrates its 20th anniversary, CTO Chris Slowe explains how the platform's unique blend of AI-powered search and human-driven content differentiates it from competitors like Google, OpenAI, and social media giants such as X, Instagram, and TikTok.
The S&P 500 made a new all-time high this week as risk-on sentiment returned; as uncertainty continues to clear, stocks could make new highs in the second half.
Shares of online community and discussion platform Reddit (NYSE:RDDT) jumped 5.8% in the afternoon session after analysts at Citigroup and Guggenheim reiterated their "buy" ratings. Citigroup raised its price target on the stock from $158 to $163, suggesting potential upside from its previous close.
