David Habiger, who serves as the Chair of Reddit’s board, bought 780 shares of the social media company last Thursday at a weighted average price of $126.07.
Several optimistic users expressed confidence in the company securing a third potential agreement with a major pharma for its adeno-associated virus (AAV) capsid, STAC-BBB.
Robinhood said that at its launch, the hub will permit customers to trade contracts for the upper bound of the target Fed funds rate in May and the upcoming men’s and women’s College Basketball Tournaments.
According to a CNBC report, Wells Fargo analyst Mike Mayo noted that Citi is well positioned to navigate any headwinds from the tariffs given its success navigating the first round of duties during Donald Trump’s first term.
The appetite for risk has taken a hit in recent weeks, although the worst of the selling has, so far, been contained to US stocks, on a year-to-date basis.
Citi anticipates "decent results" but warns that guidance may fall short of consensus estimates, while Baird took a more optimistic stance, stating it is “incrementally positive” on Micron’s outlook.
The development is considered a negative for Affirm, which, in 2019, partnered with Walmart to offer shoppers the option of using the company’s services to pay for their purchases over time at nearly 4,000 Supercenters nationwide.
Redburn Atlantic said Reddit’s significant premium versus that of social e-commerce company Pinterest would be viewed as “far too lofty,” especially as Reddit’s growth rates start to stabilize.
The sharpest price target revisions came from Craig-Hallum, which lowered its target from $70 to $55, and Northland, which cut its projection from $66 to $48.
The company also witnessed the 15th consecutive month of at least 300,000 new account openings, with 362,000 new brokerage accounts opened in February.
Block said that SFS will commence servicing and originating Cash App Borrow loans in the coming weeks and gradually ramp up volumes over the coming quarters.
CEO Stephen J. Squeri’s optimism is driven by factors like the company’s differentiated business model, including its brand, global premium customer base at scale, and its network of partners.
While analysts still expect the consulting giant to post results ahead of the Wall Street consensus, they’re cautious about the impact of shifting U.S. policy expectations under Trump’s administration.
