Reddit Stock Extends Pullback Ahead of Earnings

Group 1 - Reddit Inc's stock (NYSE:RDDT) is experiencing a significant decline, down 6.8% to $154.07, marking its lowest level since July, following CEO Steve Huffman's sale of $3.3 million in shares [1] - The stock is on track for its eighth consecutive loss ahead of the upcoming fourth-quarter earnings report, scheduled for release after market close on February 5 [1] - Wall Street analysts project earnings of 96 cents per share and revenue of $667.58 million, reflecting year-over-year increases of 166.7% and 56.1%, respectively [2] Group 2 - The stock has historically performed well post-earnings, with the last two sessions showing gains, including a notable 17.8% increase in August [2] - Options trading indicates a 21.1% expected price swing, which is higher than the average 12.5% movement observed over the past eight quarters [2] - Short interest in Reddit's stock stands at 14.2% of the available float, with an estimated four days required to cover this short position based on average trading volume [3]