Reddit Stock Slips After Disappointing User Growth—Watch These Price Levels

Category: Finance

Reddit's shares fell after disappointing user growth overshadowed strong quarterly results. Daily active unique visitors increased by 39% to 101.7 million but missed expectations. CEO Steve Huffman attributed the decline to a change in Google's search algorithm. Despite a 530% surge since its IPO, the stock showed signs of indecision and potential bearish divergence. Key support levels to watch include $180, $158, $139, and $104, while $230 is a critical resistance level.

Keywords: Reddit, stock market, user growth

Source: Investopedia

Update At: 2/14/2025

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