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Why is RDDT stock moving?

Reddit, Inc. · end-of-day data as of Oct 16, 2026

Reddit, Inc.
RDDT · $30.02B
$156.14-7.5%last 60 sessions · close Oct 16, 2026
$121.84$258.9352 weeks
Buy · 34 analystsPT $203.63 +30.4%
  • P/E vs own-51.4%
  • P/E vs sector+84.9%
  • Target upside+30.4%
  • Off 52w high-39.7%
  • Insiders-$49.75M
  • FCF yield+3.4%
  • Earnings in13d
  • Trendsideways
  • Sector▼ -1.3%
  • RSI52
  • MA20×50—
  • Volume0.9x
  • Support-3.7%
  • Resistance+2.8%

The move, split

Reddit, Inc. (RDDT) fell 2.0% on Oct 16, 2026.

The market (SPY) fell 1.1%; Communication Services stocks fell 1.0%. Most of the move came from the market as a whole.

Market (SPY)-1.1%
Communication Services sector+0.1%
RDDT specific-1.0%

3 stories on the day (30-day average 1.3).

Market = SPY. Sector = equal-weight average of the tracked companies in the same sector, net of the market.

Context

  • News
  • Volume0.9x
  • Off 52w high-39.7%
  • Sector▼ -1.3%
  • Earnings in13d

Latest news

Sentiment classified by AI from the headline (green positive, red negative). Links open the publisher.