Reddit's stock price surged over 13% as the company is set to be included in the S&P 500 Index.

BlockBeats News, August 14th, according to BIT price data, Reddit's stock price surged over 13%, now trading at $179.4.

Previously reported, S&P Dow Jones Indices announced that Reddit (RDDT) will be officially included in the S&P 500 Index before the market opens on August 18, replacing the acquired AvalonBay Communities (AVB).