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13 stories mentioning RDDT

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Equities

Social Buzz: Wallstreetbets Stocks Mostly Lower Premarket Wednesday; Micron Technology, Marvell Technology to Decline

The most-talked-about stocks in the Reddit subforum Wallstreetbets were mostly lower hours before Wednesday's opening bell.Apple (AAPL) was up 0.3% in premarket activity, swinging from a 3.6% fall at Tuesday's close.DTE Energy (DTE) was marginally advancing pre-bell, after a nearly 2% increase from Tuesday's session.Micron Technology (MU) fell by 3% hours before market open, after a 1.4% decline from the previous session.Marvell Technology (MRVL) declined by 3% premarket, after closing Tuesday with a 7.6% fall.Reddit (RDDT) was down 3% in pre-bell hours, following a 4.1% increase from Tuesday's session.Broadcom (AVGO) fell by 2% premarket, after a 1.1% decline from the previous session.Nvidia (NVDA) was 2% lower in pre-bell activity, following a 0.2% decline at Tuesday's close.Microsoft (MSFT) was down 1.3% pre-bell, following a 2% fall from Tuesday's session.

$AAPL$AVGO$DTE$MRVL$MSFT$MU$NVDA$RDDT
Insider Trading

Reddit Insider Sold Shares Worth $6,208,842, According to a Recent SEC Filing

Jennifer L. Wong, Chief Operating Officer, on May 18, 2026, sold 39,167 shares in Reddit (RDDT) for $6,208,842. Following the Form 4 filing with the SEC, Wong has control over a total of 1,124,451 Class A common shares of the company, with 1,088,451 shares held directly and 36,000 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1713445/000166365126000012/xslF345X05/wk-form4_1779321059.xml

$RDDT
Wire

Reddit May Benefit From Google AI Search Changes, RBC Says

Reddit's (RDDT) renewal of its content licensing deal with Alphabet's (GOOG) Google isn't due until early 2027, though the chances of a favorable outcome may be improving, RBC Capital Markets said Tuesday in a report.Google has rolled out updates to its AI Search features that improve link visibility and make it easier for users to see and click through to original sources, RBC said. One change places links directly inside AI responses next to relevant text, which may more clearly attribute information to publishers such as Reddit, the report said.With the renewal approaching, bullish investors are looking for a significant increase to Reddit's current $60 million-a-year agreement with Google, with expectations ranging from $300 million to $500 million annually due to Reddit's "internet-leading citation share." RBC said it is skeptical of that outcome, noting it could set an unattractive precedent for Google's content acquisition costs.RBC rates Reddit stock as sector perform, citing slowing daily active user growth. Better visibility on traffic improvements may be more constructive, and a pickup in referral traffic leading "would obviate the bear case and cause a rerating," the report said.RBC has a $250 price target on the stock.Price: $154.13, Change: $-5.38, Percent Change: -3.37%

$GOOG$GOOGL$RDDT
Sectors

Sector Update: Tech Stocks Gain Late Afternoon

Tech stocks were higher late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.6% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 2.1%.The Philadelphia Semiconductor index added 1%.In corporate news, Apple (AAPL) gained 3.3% after the company overnight reported a year-over-year surge in fiscal Q2 earnings and revenue. Apple's board also raised its quarterly dividend and approved an additional share buyback program of up to $100 billion.Atlassian (TEAM) shares soared 30% after it reported better-than-expected fiscal Q3 results.Reddit (RDDT) shares surged 15% after it provided an upbeat revenue outlook at the midpoint for Q2 on the back of stronger-than-expected results in the previous three-month period.Universal Display's (OLED) shares climbed past 10% after the company announced a new $400 million stock repurchase plan and reported Q1 results.

$AAPL$OLED$RDDT$TEAM
Sectors

Sector Update: Tech Stocks Gain Friday Afternoon

Tech stocks were higher Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.5% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1%.The Philadelphia Semiconductor index increased 0.6%.In corporate news, Apple (AAPL) jumped 4% after the company overnight reported a year-over-year surge in fiscal Q2 earnings and revenue. Apple's board also raised its quarterly dividend and approved an additional share buyback program of up to $100 billion.Reddit (RDDT) shares surged 14% after it provided an upbeat revenue outlook at the midpoint for Q2 on the back of stronger-than-expected results in the previous three-month period.Meta Platforms (META) has acquired Assured Robot Intelligence, a startup that develops AI models for robots, as part of its effort to create humanoid technology, Bloomberg reported. Meta shares were up 0.4%.

$AAPL$META$RDDT
Wire

Oppenheimer Adjusts Price Target on Reddit to $225 From $250, Maintains Outperform Rating

Reddit (RDDT) has an average rating of overweight and mean price target of $227.47, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $163.88, Change: $+16.65, Percent Change: +11.31%

$RDDT
Sectors

Sector Update: Tech Stocks Mixed Pre-Bell Friday

Technology stocks were mixed pre-bell Friday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) 0.4% lower.Apple (AAPL) shares were up more than 3% after the company posted higher fiscal Q2 earnings and revenue. Apple also raised its quarterly dividend and approved a $100 billion share buyback program.Reddit (RDDT) stock was up more than 13% after the company reported a surge in Q1 earnings and revenue, and issued Q2 revenue outlook above analysts' expectations.Amkor Technology (AMKR) stock was 0.7% lower after the company priced a $1 billion private offering of 0% convertible senior notes due 2031.

$AAPL$AMKR$RDDT$XLK$XSD
Asia Markets

US Equity Futures Nudge Higher Pre-Bell After S&P 500, Nasdaq Reach New Closing Highs

US equity futures were higher pre-bell Friday after the S&P 500 and Nasdaq Composite reached new closing highs to close out April amid a continued impasse in the Middle East.Dow Jones Industrial Average futures were 0.4% higher, S&P 500 futures were up 0.3%, and Nasdaq futures were marginally higher.On Thursday, the S&P 500 rose 1% to close at 7,209.01, breaching the 7,200 mark for the first time, while Nasdaq increased 0.9% to close at 24,892.31, also a new closing record.US President Donald Trump has rejected Iran's latest offer, stating that the US naval blockade on the nation's ports will remain until the regime agrees to a deal that addresses US concerns about its nuclear program, according to an Axios report on Wednesday.Traders took note of the latest round of earnings, with energy majors Exxon Mobil (XOM) and Chevron (CVX) both reporting lower Q1 adjusted earnings but higher revenue.Oil prices were mixed, with front-month global benchmark North Sea Brent crude up 0.4% at $110.85 per barrel and US West Texas Intermediate crude 1.2% lower at $103.79 per barrel.The final Purchasing Managers' Manufacturing Index for April, due at 9:45 am ET, is seen coming in at 54.0, unchanged from its prior value, according to estimates compiled by Bloomberg.The April Institute for Supply Management's services index, due at 10 am ET, is projected at 53.2, versus 52.7 previously.In other world markets, Japan's Nikkei, Hong Kong's Hang Seng, China's Shanghai Composite, and Germany's DAX index were all closed due to public holidays. The UK's FTSE 100 was down 0.6% in Europe's early afternoon session.In equities, Roblox (RBLX) stock was down 24% after the company reported a wider Q1 loss and lower-than-expected revenue, as well as lowering its 2026 revenue outlook. Sandisk (SNDK) and Western Digital (WDC) shares dropped 4.6% and 8%, respectively, despite the companies posting fiscal Q3 earnings and revenue that surpassed analysts' consensus.On the winning side, Apple (AAPL) stock was up 3.6% after the company posted higher fiscal Q2 earnings and revenue that also beat analysts' estimates. Reddit (RDDT) shares were up 15% after the company reported higher Q1 earnings and revenue in addition to issuing better-than-expected Q2 revenue guidance.

Dow JonesNasdaq CompositeS&P 500$AAPL$CVX$RBLX$RDDT$SNDK$WDC$XOM
US Markets

Stocks Mostly Up Pre-Bell as Investors Await More Corporate Earnings

The benchmark US stock measures were mostly pointing higher before the open Friday as investors await the week's final round of corporate earnings and track ongoing Middle East tensions, with no apparent signs of progress toward a peace deal between Washington and Tehran.The S&P 500 rose 0.1% and the Dow Jones Industrial Average added 0.2% in premarket activity, while the Nasdaq was off 0.1%. The indexes finished Thursday's trading session in the green, with the S&P 500 and Nasdaq logging new closing highs.Oil giants Exxon Mobil (XOM) and Chevron (CVX) are scheduled to release their latest quarterly results before the bell, along with Colgate-Palmolive (CL), Estee Lauder (EL), Moderna (MRNA), Magna International (MGA) and Newell Brands (NWL).Shares of Apple (AAPL) advanced 2.8% pre-bell as the iPhone maker's fiscal second-quarter results topped market estimates. Reddit (RDDT) climbed 16% after the social media platform recorded better-than-expected first-quarter results and issued an upbeat revenue outlook for the ongoing three-month period at the midpoint. Nvidia (NVDA) rebounded 0.4% following a 4.6% decline at the close of Thursday.President Donald Trump told reporters at the White House on Thursday that the US will maintain its naval blockade of Iranian ports, according to Bloomberg News. "Their economy is crashing, the blockade is incredible," Trump reportedly said. "So we'll see how long they hold out."Iran's new supreme leader, Mojtaba Khamenei, reportedly said Thursday that Iran will defend its nuclear and missile capabilities.West Texas Intermediate crude oil inclined 0.3% to $105.43 a barrel before the opening bell, while Brent increased 0.9% to $111.37.US economic growth fell short of Wall Street's expectations in the first quarter as spending slowed amid inflationary pressures, government data showed Thursday.Separate official data showed that inflation, as measured by the personal consumption expenditure price index, accelerated in March to the fastest pace since mid-2022 as the Middle East conflict sent energy prices soaring.Treasury yields were down in premarket action, with the two-year rate nudging 0.1 basis point lower to 3.88% and the 10-year rate decreasing 0.8 basis point to 4.38%.Friday's economic calendar has the final Purchasing Managers' manufacturing index for April at 9:45 am ET, followed by the Institute for Supply Management's manufacturing index for the same month at 10 am. The weekly Baker Hughes oil-and-gas rig count posts at 1 pm.Gold fell 1.1% to $4,578 per troy ounce, while bitcoin rose 1.1% to $77,248.

Dow JonesNasdaq CompositeS&P 500$AAPL$CL$CVX$EL$MGA$MRNA$NVDA$NWL$RDDT$XOM
US Markets

Reddit Issues Upbeat Revenue Outlook as First-Quarter Results Top Street Views

Reddit (RDDT) shares jumped early Friday as the social media platform provided an upbeat revenue outlook at the midpoint for the second quarter on the back of stronger-than-expected results in the previous three-month period.The company anticipates revenue to come in between $715 million and $725 million for the current quarter, it said late Thursday. The guidance range's midpoint of $720 million is ahead of the current consensus on FactSet of $717 million. The stock climbed 14% in the most recent premarket activity."Our (second-quarter) revenue guide considers the strong growth and momentum in the business as we exited (the first quarter)," Chief Financial Officer Drew Vollero said during an earnings call, according to a FactSet transcript. The outlook also "takes into account the lapping of a particularly strong growth period" in the prior-year quarter, according to Vollero.For the quarter ended March 31, Reddit's net income soared to $1.01 per share from $0.13 the year before, topping the Street's view for $0.57. Revenue surged 69% to $663.4 million, exceeding the average analyst estimate of $607.7 million."Revenue growth in (the first quarter) was driven by a combination of both impressions and pricing growth, reflecting the scale of our platform and our investments in the ad stack," Chief Operating Officer Jennifer Wong said on the call. "We saw strength across most of our top verticals, particularly retail, (consumer packaged goods), tech and media and entertainment, while the number of active advertisers on the platform grew more than 75% year-over-year."Ad revenue climbed 74% to $625 million amid strong advertising demand across the funnel, Vollero said. Revenue jumped 67% and 76% in the US and international segments, respectively.The company posted global daily active unique users of 126.8 million in the March quarter, up from 108.1 million a year ago. The Street's forecast was for 125.9 million. Daily active unique users inclined 7% to 53.5 million in the US, while international users rose 26% to 73.3 million.Worldwide average revenue per unique user climbed 44% to $5.23."We're focused on growing our daily user base in the US to a size closer to that of the largest platforms," Chief Executive Steve Huffman told analysts on the call. "Our goal is to reach 100 million daily US users, and we're actively executing a strategy to get us there."

$RDDT
Research

DA Davidson Initiates Reddit at Buy With $200 Price Target

Reddit (RDDT) has an average rating of overweight and mean price target of $232.73, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$RDDT
Insider Trading

Reddit Insider Sold Shares Worth $6,324,169, According to a Recent SEC Filing

Jennifer L. Wong, Chief Operating Officer, on April 16, 2026, sold 39,167 shares in Reddit (RDDT) for $6,324,169. Following the Form 4 filing with the SEC, Wong has control over a total of 1,124,451 Class A common shares of the company, with 1,088,451 shares held directly and 36,000 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1713445/000166365126000007/xslF345X05/wk-form4_1776728047.xml

$RDDT
Insider Trading

Reddit Insider Sold Shares Worth $2,851,237, According to a Recent SEC Filing

Steve Ladd Huffman, 10% Owner, Director, Chief Executive Officer & President, on April 15, 2026, sold 18,000 shares in Reddit (RDDT) for $2,851,237. Following the Form 4 filing with the SEC, Huffman has control over a total of 493,955 Class A common shares of the company, with 493,955 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1713445/000171344526000050/xslF345X05/wk-form4_1776463956.xml

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