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Reddit Shares Jump More Than 5% Again, Repeating Wednesday’s Move

Reddit shares were up 5.57% in trading today, repeating a gain of 5% or more on Wednesday, though the stock remains down 56.3% so far this year.

Reddit (NYSE: RDDT), the internet content and information company, was up 5.57% at $100.40 by 8.28pm in London today. The shares have traded between $94.10 and $100.66 so far, and sit just under the top of that range.

Even after today’s rise, Reddit is down 56.3% so far this year and 61.2% below its 52-week high. The price is 10.4% above its 52-week low. Trading has been lighter than usual, with volume running at under half its 20-session average.

Line chart of Reddit's daily share price over the past month, with today's higher point at the end
Reddit’s daily share price over the month to today, with today’s point the latest quote rather than a final price.

How unusual this is

This is a repeat. Reddit also rose by 5% or more on Wednesday, the previous week, so today’s move matches one the shares made only days earlier.

RDDT.US
Asktraders News Team
Asktraders News Team
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The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.

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