Why Is Reddit Stock Pulling Back on Thursday?
Source: Benzinga ยท 2026-07-02
Reddit Inc. (RDDT) stock declines on Thursday as short-term traders took profits following a 12.5% surge fueled by artificial intelligence data-licensing optimism.
Reddit Inc. (NYSE:RDDT) stock is trading lower on Thursday, primarily due to profit-taking and a minor cooling period following a 12.5% single-day surge during the previous session. The decline follows a sharp upward move on Wednesday, which was driv... [1525 chars]