RDDT is trading at 3.38% up now at $203.71 after traders began reducing and repositioning their holdings ahead of Reddit's upcoming earnings report, scheduled for next week. The move follows recent technical weakness, with the stock falling below its 50-day moving average, prompting some investors to trim positions and lock in gains. This pre-earnings activity is driving increased volatility and volume, as market participants adjust exposure in anticipation of new financial results. No major company-specific news or analyst upgrades were reported today, and broader market indices are only moderately higher, indicating the price action is primarily due to positioning around Reddit's earnings event.[2]