Reddit Inc. (RDDT) Stock Drops Despite Market Gains: Important Facts to Note

Reddit Inc. (RDDT) closed at $181.99 in the latest trading session, marking a -0.95% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.53% for the day. Elsewhere, the Dow gained 0.93%, while the tech-heavy Nasdaq added 0.22%.Shares of the company have appreciated by 3.57% over the course of the past month, outperforming the Computer and Technology sector's gain of 3.02% and the S&P 500's gain of 2.69%.Investors will be eagerly watching for the performance of Reddit I ...