Reddit Inc. (RDDT) Stock Sinks As Market Gains: Here's Why

In the latest trading session, Reddit Inc. (RDDT) closed at $202.60, marking a -11.91% move from the previous day. This move lagged the S&P 500's daily gain of 0.34%. At the same time, the Dow added 0.09%, and the tech-heavy Nasdaq gained 0.42%. Prior to today's trading, shares of the company had gained 4.51% lagged the Computer and Technology sector's gain of 8.07% and outpaced the S&P 500's gain of 3.54%.Market participants will be closely following the financial results of Reddit Inc. in its upcoming rel ...