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Benzinga
Benzinga
Business
Henry Khederian

Reddit (RDDT) Stock Hits A New 52-Week High Today: What's Going On?

Reddit on iPhone

Shares of Reddit Inc (NYSE:RDDT) are trading marginally lower Monday morning, taking a slight breather after touching a new 52-week high earlier in the session. Here’s what investors need to know.

What To Know: The move follows a significant rally in recent weeks, sparked by a stellar second-quarter earnings report that far surpassed Wall Street expectations and ignited a wave of analyst upgrades.

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