Reddit (RDDT) closed at $187.55 on November 17, 2025, down 2.98% as part of a broader tech sector selloff. The decline was compounded by news that prominent investor Cathie Wood has divested her Reddit position in favor of Peter Thiel-backed cryptocurrency investments. On November 18, 2025, the stock continued its downward trajectory, trading at $185.14 (down 1.28%) as markets remain under pressure from fading Federal Reserve rate-cut expectations. Tech stocks are particularly vulnerable as growth valuations face headwinds from rising rate expectations.