Reddit Inc ($RDDT) Stock Forecast: Down 8.8% Today

What is Reddit Inc?

Reddit (NYSE:RDDT) operates as a social news aggregation, web content rating, and discussion website. The stock RDDT exhibited a strong bearish movement today.

Why is Reddit Inc going down?

RDDT stock is down 8.8% on Feb 20, 2025 18:01

• Reddit delivered solid Q4 results with significant revenue growth and an increase in daily active users, yet the stock faced a bearish movement.
• Activity in the options market showcased a mix of bullish and bearish sentiments among investors, including financial giants undertaking substantial bearish actions on Reddit.
• Despite positive fundamental developments, market sentiment towards Reddit appeared to be swayed by institutional investors and large investors taking bearish positions.
• Noteworthy tech investments by funds like Tiger Global, concentrating on other companies such as Meta and Spotify, may have drawn attention and capital away from Reddit, contributing to its bearish slide.

RDDT Price Chart

RDDT Technical Analysis

RDDT News

What the Options Market Tells Us About Reddit - Reddit ( NYSE:RDDT )

Investors with a lot of money to spend have taken a bullish stance on Reddit RDDT. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know.

https://www.benzinga.com/insights/options/25/02/43852903/what-the-options-market-tells-us-about-reddit

Meta Remains Tiger Global's Top Holding as Fund Makes Aggressive Tech Bets - Apollo Global Management ( NYSE:APO ) , Alphabet ( NASDAQ:GOOG )

Tiger Global boosted stakes in Meta, Spotify, and Reddit while slashing UnitedHealth and Nu Holdings in Q4. Meta remains Tiger Global's top holding at 16.52%, with Microsoft and Alphabet close behind. Get two weeks of free access to pro-level trading tools, including news alerts, scanners, and ...

https://www.benzinga.com/trading-ideas/long-ideas/25/02/43821154/meta-remains-tiger-globals-top-holding-as-fund-makes-aggressive-tech-bets

This Is What Whales Are Betting On Reddit - Reddit ( NYSE:RDDT )

Financial giants have made a conspicuous bearish move on Reddit. Our analysis of options history for Reddit RDDT revealed 61 unusual trades. Delving into the details, we found 39% of traders were bullish, while 40% showed bearish tendencies.

https://www.benzinga.com/insights/options/25/02/43741791/this-is-what-whales-are-betting-on-reddit

Reddit Posts Solid Q4, Analysts Expect AI Language Translations To Grow Daily Active Users - Reddit ( NYSE:RDDT )

Reddit's Q4 revenues grew 71% Y/Y and 23% Q/Q to $428M. Global DAUs climbed to ~102M and total ad revenues grew 60% Y/Y. Get access to your new suite of high-powered trading tools, including real-time stock ratings, insider trades, and government trading signals.

https://www.benzinga.com/25/02/43709134/hubspot-posts-solid-q4-ai-driven-language-translations-to-accelerate-dau-growth-analysts-say

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Reddit Inc Price History

04.01.2025 - RDDT Stock was up 5.3%

• RDDT witnessed a significant bullish movement today, leading to a notable increase in its stock price.
• The optimism surrounding RDDT was boosted by major financial institutions making bullish moves on RDDT options, indicating an increased positive sentiment among traders.
• The stock's resilience and investor confidence were evident as RDDT climbed while the broader market faced declines.
• Despite market conditions, RDDT's exceptional performance reflects its strong fundamentals and promising growth opportunities that have attracted investors.

04.01.2025 - RDDT Stock was up 7.7%

• RDDT had a strong bullish movement today, reaching $199.55 at the closing of the trading day.
• Significant trades involving RDDT were made by Cathie Wood's Ark Invest, possibly impacting the bullish movement.
• The positive sentiment surrounding RDDT could be attributed to the increased interest in online communities and social media platforms.
• Despite the broader market decline, RDDT demonstrated resilience and potential for growth in the digital space by ascending.

27.00.2025 - RDDT Stock was up 5.1%

• Despite the overall market gains, RDDT experienced a slight drop in its stock price, closing at $181.99 with a -0.95% change from the previous close.
• The conflicting nature of the information suggests a mixed sentiment towards RDDT, with recommendations to invest in the stock while the stock price dropped.
• The discrepancy between the recommendations and the actual stock movement could indicate that investors are cautious about the stock's performance despite the positive outlook.
• It is possible that investors are waiting for more concrete developments or financial indicators before making significant moves in RDDT, leading to the slight decline in the stock price despite the bullish market trend.

03.01.2025 - RDDT Stock was up 5.1%

• RDDT closed today at $199.55, marking a +0.31% change from its previous close.
• The uptrend in RDDT's stock price today may be linked to positive happenings within the company, such as a recent product launch or a new partnership.
• Investor sentiment towards RDDT may have been influenced by the company's financial performance and future expansion plans, driving up the stock value.
• While the broader market was in decline, RDDT managed to shine and capture investor interest, demonstrating its resilience and growth potential.

13.01.2025 - RDDT Stock was down 5.8%

• Despite strong Q4 earnings and revenues surpassing estimates, RDDT witnessed a bearish trend.
• The CEO's acknowledgment of Google's search algorithm update impacting Reddit's traffic might have influenced the negative sentiment.
• Post earnings, analysts raised forecasts and price targets, yet the stock declined, potentially due to worries about slowing user growth.
• The disconnect between the upbeat earnings report and the bearish market movement indicates that investors possibly had set lofty expectations for RDDT's performance, resulting in a drop in the stock price despite robust financial results.

20.01.2025 - RDDT Stock was down 5.2%

• Despite positive Q4 earnings and revenue exceeding estimates, RDDT experienced a bearish movement.
• The bearish trend could be attributed to financial giants making conspicuous bearish moves on Reddit, as indicated by the analysis of options history showing a higher percentage of bearish trades.
• The aggressive tech bets made by a prominent investment firm, boosting stakes in other companies like Meta and Spotify, might have diverted attention and investment away from RDDT, contributing to the bearish movement.
• The market sentiment might have been influenced by the overall tech sector performance, with investors possibly rotating out of certain tech stocks like RDDT in favor of others in the sector.

20.01.2025 - RDDT Stock was down 8.8%

• Reddit delivered solid Q4 results with significant revenue growth and an increase in daily active users, yet the stock faced a bearish movement.
• Activity in the options market showcased a mix of bullish and bearish sentiments among investors, including financial giants undertaking substantial bearish actions on Reddit.
• Despite positive fundamental developments, market sentiment towards Reddit appeared to be swayed by institutional investors and large investors taking bearish positions.
• Noteworthy tech investments by funds like Tiger Global, concentrating on other companies such as Meta and Spotify, may have drawn attention and capital away from Reddit, contributing to its bearish slide.

07.01.2025 - RDDT Stock was up 6.2%

• Amid accusations from Elon Musk triggering a crackdown on Reddit and the banning of certain subreddits, RDDT stock continued its bullish trend, showcasing resilience in the face of controversy.
• Positive movements in RDDT options, driven by market whales' bullish bets, contributed to the stock's upward momentum, signifying institutional investors' confidence in the company's future.
• Notable trades by Cathie Wood's Ark Invest involving RDDT didn't dampen the overall bullish sentiment towards Reddit Inc., as the stock climbed while the broader market experienced a decline, underscoring its relative strength and investor appeal.

13.01.2025 - RDDT Stock was down 6.4%

• Despite exceeding fourth-quarter revenue expectations, Reddit's stock faced significant downward pressure.
• The CEO highlighted the impact of a Google search algorithm update on platform traffic, potentially contributing to the stock's decline.
• Positive earnings notwithstanding, concerns surrounding slowing user growth and market volatility related to Elon Musk's public disputes may have influenced the stock's performance.
• While the technical indicators generally suggest a bullish outlook, short-term selling pressure likely played a role in the recent downtrend in stock price.

18.01.2025 - RDDT Stock was down 5.1%

• Despite solid Q4 earnings and revenues that topped estimates, Reddit's stock saw a bearish movement.
• Unusual trades by financial giants on Reddit may have influenced market sentiment negatively.
• The mixed sentiment among traders, with 39% being bullish and 40% showing bearish tendencies, could have contributed to the downward pressure on RDDT stock.
• The discrepancy between strong financial performance and the bearish market movement might be due to profit-taking by investors or concerns about future growth prospects.

14.01.2025 - RDDT Stock was down 5.0%

• Despite Reddit's strong performance in Q4 with earnings and revenue surpassing expectations, RDDT stock faced a downward trend.
• Speculation arose among investors after the CEO mentioned the impact of Google's search algorithm update on Reddit's traffic, raising concerns about the platform's future growth.
• Following the earnings report, analysts raised their price targets, potentially prompting investors to take profits and contributing to the stock's decline.
• Market sentiment reflects uncertainties regarding Reddit's ability to sustain growth in light of external factors such as search algorithm adjustments.

11.01.2025 - RDDT Stock was down 6.3%

• The strong bearish movement in RDDT today could be attributed to profit-taking by investors who had previously taken a bullish stance on the stock.
• Despite the positive expectations for RDDT's fourth-quarter earnings due to strong ad sales and AI growth, the recent controversies and accusations might have spooked some investors.
• Conflicting reports of bullish bets on RDDT options by financial giants and the bearish market movement today suggest a possible shift in sentiment or uncertainty among investors regarding the stock's future performance.
• It is essential for traders to closely monitor any further developments related to Reddit, Musk's feud, and upcoming earnings to gauge the potential impact on RDDT's stock price in the short term.