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

Generated by AI AgentAinvest Volume Radar
Wednesday, May 21, 2025 7:40 pm ET1min read

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

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.

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