Reddit (RDDT) shares experienced a sharp technical breakdown, plummeting 9.14% amid aggressive profit-taking following its recent record rally driven by the AI data licensing narrative.
- The stock closed trading at $229.31.
- The massive sell-off pushed the price below the critical 50-day moving average of $230, which analysts noted had provided support during its historic run.
- The drop follows a significant surge earlier in January 2026, where the company transitioned into a high-valuation cornerstone of the AI economy.