Why Reddit Stock Jumped 34% in June

Shares of Reddit (RDDT -1.50%) were on a tear last month, as the stock benefited from the broader gains in the stock market, the company released a new Community Intelligence product that impressed the market, and other positive news around artificial intelligence (AI) helped lift the stock.According to data from S&P Global Market Intelligence, the stock finished the month up 34%.As you can see from the chart, most of the stock's gains came in the middle of the month, though it also benefited from a late su ...