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Reddit Inc closed at 196.38 USD as of 7:59 PM GMT-5 on February 14, reflecting a significant decline of -32.57 USD or -14.23% over the past five days. This sharp drop came this week after the social media company reported a reduced number of active daily users .
During the session, Reddit’s stock traded between a high of 203.95 USD and a low of 192.57 USD, showcasing notable volatility. The stock opened at 202.00 USD, but selling pressure throughout the session pushed the price down to close near its session low.
However, in after-hours trading, the stock fell further to 195.21 USD, a decline of 0.60% or -1.17 USD, indicating continued caution among investors as they reassess their positions after the market close. Reddit’s market capitalization after the closing bell stood at a total of 3.45 thousand crore.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.