Reddit stock slides after Cantor starts coverage at Neutral and CFO sale hits filings
New York, Jan 9, 2026, 13:16 ET — Regular session Reddit, Inc shares fell 5.8% to $239.12 in afternoon trading on Friday, reversing an early push above $260. The move matters because Reddit stock has been priced like a fast grower, and fresh coverage is starting to draw harder lines around what that growth is worth. With results for the holiday quarter still ahead, even a “nothing’s broken” call can jolt a name trading at a premium. U.S. stocks were higher after a softer December jobs report, leaving Reddit as an outlier on the tape. The Nasdaq Composite was up