Why Reddit Shares Are Trending Lower On Thursday?

Benzinga_recent_news03-27

The social media platform faces headwinds from a declining tech sector. On Thursday, the Nasdaq dropped 1.35%. Similarly, the S&P 500 shed 0.99%. Reddit is underperforming these major indices today as...

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Reddit is underperforming these major indices today as...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/movers/26/03/51490174/why-reddit-shares-are-trending-lower-on-thursday\">Source Link</a>\n\n</div>\n","source":"benzinga_recent_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Reddit Shares Are Trending Lower On Thursday?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Reddit Shares Are Trending Lower On Thursday?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-27 01:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/trading-ideas/movers/26/03/51490174/why-reddit-shares-are-trending-lower-on-thursday><strong>Benzinga_recent_news</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The social media platform faces headwinds from a declining tech sector. On Thursday, the Nasdaq dropped 1.35%. Similarly, the S&P 500 shed 0.99%. Reddit is underperforming these major indices today as...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/movers/26/03/51490174/why-reddit-shares-are-trending-lower-on-thursday\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2360107168.USD","symbol_name":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","start_time":0,"source_url":"https://www.benzinga.com/trading-ideas/movers/26/03/51490174/why-reddit-shares-are-trending-lower-on-thursday","article_id":"2622620860","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/03/26/3-22-2024--Pakistan--Reddit-Editorial-Ne.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/trading-ideas/movers/26/03/51490174/why-reddit-shares-are-trending-lower-on-thursday","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2622620860","pubTimestamp":1774545660,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Reddit (RDDT) stock drops over 8% on Thursday following insider sales by the CTO and COO amid a broader Nasdaq sell-off.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU1861215975.USD":"贝莱德新一代科技基金 A2","BK4217":"自存仓储房地产信托","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC","BK4077":"互动媒体与服务","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","RDDT":"Reddit","BK4547":"WSB热门概念","RDYY":"YIELDMAX RDDT OPTION INCOME STRATEGY ETF","RDTL":"2倍做多RDDT ETF-GraniteShares"},"translate_title":"为什么Reddit股价周四呈走低趋势？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RDTL":0.6,"RDYY":0.6,"RDDT":1.98},"content_text":"The social media platform faces headwinds from a declining tech sector. On Thursday, the Nasdaq dropped 1.35%. Similarly, the S&P 500 shed 0.99%. Reddit is underperforming these major indices today as all high-growth stocks are taking a beating, with investors rotating out of high-growth tech stocks.\nRecent SEC filings show insider selling by Reddit executives. Chief Technology Officer Christopher Brian Slowe sold 2,000 shares in a transaction executed on Thursday, totaling about $1.28 million at $74.60 per share.\nEarlier, Chief Operating Officer Jennifer Wong sold 5,660 shares in a deal executed Saturday, valued at approximately $5.62 million.\nAccording to Benzinga, short interest in RDDT recently decreased. It fell from 18.47 million to 17.24 million shares. Currently, 14.65% of the company's float is held short. It would take 3.45 days for short sellers to cover their positions.\nThis pullback follows Wednesday's gains driven by legal news. A San Francisco judge tentatively sided with Reddit against Anthropic, where Reddit alleges the AI firm used user posts without a licensing deal.\nReddit is trading 9.4% below its 20-day simple moving average (SMA) and 33% below its 100-day SMA, keeping the intermediate trend pointed lower.\nShares are up 6.25% over the past 12 months, but the stock is currently positioned closer to its 52-week low than its 52-week high.\nRSI is at 42.54, which sits in neutral territory. Meanwhile, MACD is at -5.7213 versus a signal line at -7.5601.\nRDDT Stock Price Activity: Reddit shares were down 8.79% at $127.36 at the time of publication on Thursday, according to Benzinga Pro data.\nImage via Shutterstock\nThis content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.40.0","shortVersion":"4.40.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2622620860","isCrawlerRequest":true}