Why Reddit Stock Was Moving Higher This Week

Shares of Reddit (RDDT 5.57%) were moving higher this week after the company launched two new AI-powered advertising tools and benefited from some positive analyst commentary on the stock.According to data from S&P Global Market Intelligence, the stock was up 19.4% for the week as of Wednesday's close. Reddit gets a tailwindAt the Cannes Lions festival, Reddit announced Reddit Community Intelligence, a new tool that can power insights for advertisers from more than 22 million posts on Reddit.As part of the ...