Reddit's Trading Volume Soars to $1.7 Billion, Stock Price Drops to 34th Ranking Amid Bearish Sentiment

On May 21, 2025, Reddit's trading volume reached $1.702 billion, marking a 123.9% increase from the previous day and ranking 34th in the day's stock market activity. However, Reddit's stock price (RDDT) fell by 9.27%, marking the fifth consecutive day of decline, with a total decrease of 23.52% over the past five days.

Reddit's stock price has been under pressure due to a bearish statement released by a Wall Street analyst. This statement has significantly impacted investor sentiment, leading to a sell-off in the stock. The analyst's price-target cut has been particularly influential, causing investors to trade out of the stock aggressively.

On Wednesday, Baird's analyst Colin Sebastian revised the price target for Reddit shares, reducing it to $120 from the previous $140. This revision was based on concerns about user growth and the company's financial performance. The analyst's bearish outlook has contributed to the recent decline in Reddit's stock price.