RDDT is trading at $121.96 (-4.16%) today, extending yesterday's 8.86% decline as broader market weakness and geopolitical tensions surrounding U.S.-Iran relations pressure high-growth tech stocks.
- The stock is tracking a wider retreat in the Nasdaq (-1.36%) and S&P 500 (-0.88%), with tech peers like NVIDIA seeing sharp losses amid macro uncertainty.
- While Reddit recently announced a Shopify partnership at Shoptalk 2026, the shares remain weighed down by prior analyst growth concerns and the lack of fresh positive catalysts.