Reddit stock slips in premarket after ad-growth warning, insider sales keep traders on edge
Reddit shares fell about 1% in premarket trading Wednesday after an 8.1% drop Tuesday, closing at $196.30. Cleveland Research cut its 2026 revenue growth forecast to 36%, below consensus, citing weaker ad trends. SEC filings show CTO Christopher Slowe and COO Jennifer Wong sold shares in January under pre-set plans. Reddit reports fourth-quarter results Feb. 5.