markets
RDDT -2.14% — Breaking
By SNF Research · Independent market intelligence from Sunday Night Futures LLC
RDDT bucking a strong tape — down 2.14% while the market rips.
Reddit is trading at $170.60, shedding $2.85 from its $173.45 close while SPY (+0.7%) and QQQ (+1.77%) push higher intraday. That divergence against a broad risk-on session flags stock-specific selling pressure, not macro. Tech is clearly bid — IONQ +5.65%, TSLA +2.09% — making RDDT's underperformance stand out sharply.
Watch: $170.00 as the immediate support level — a break opens a test of the next floor below. If RDDT can't reclaim $172.00 while QQQ holds gains, the divergence deepens and short pressure likely accelerates into the afternoon session.