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Cramer's endorsement combined with a near-term earnings catalyst led to a 7% intraday price move, suggesting momentum-driven upside if results impress.
What happened, with direct paths to the underlying reporting
Jim Cramer urged investors to buy Reddit (RDDT), calling it inexpensive ahead of its Q3 results due after the Oct 29 close. The stock rose about 7% on the endorsement, signaling momentum. A solid print or upbeat guidance could trigger further upside and potential multiple expansion.
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