Reddit’s stock logs its biggest one-day drop ever. It’s not the last of the bad news, analysts say.
Published . Updated .
Reddit’s stock plunged on Friday after the community-discussion forum said its search referral traffic was down significantly in the third quarter.
Directly affected
- RDDT Reddit-20.0% 17d
Named in this report.
Indirectly affected
- XLK Technology Select Sector SPDR+9.1% 16d
Technology Select Sector SPDR holds the technology sector that Reddit belongs to, so it often moves with news about it.
- ADP Automatic Data Processing+5.5% 30d
Automatic Data Processing is a peer of Reddit in computer processing and data preparation; rivals often move on the same news.
- WDAY Workday+0.8% 30d
Workday is a peer of Reddit in computer processing and data preparation; rivals often move on the same news.
- VRSK Verisk Analytics
Verisk Analytics is a peer of Reddit in computer processing and data preparation; rivals often move on the same news.
- TOST Toast-9.7% 16d
Toast is a peer of Reddit in computer processing and data preparation; rivals often move on the same news.
- HNGE Hinge Health
Hinge Health is a peer of Reddit in computer processing and data preparation; rivals often move on the same news.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| RDDT | +51.03% | +46.98% | base | after close | after close | after close | after close |
| XLKPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| ADPPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| WDAYPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| VRSKPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| TOSTPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| HNGEPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Reddit’s stock plunged on Friday after the community-discussion forum said its search referral traffic was down significantly in the third quarter.
Source: MarketWatch
This story
| Company | When | Move | Status |
|---|---|---|---|
| RDDT | three days earlier | +46.98% | final price |
| RDDT | five days earlier | +51.03% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Michael T. McCaul sold Reddit (RDDT) (held by a spouse), worth $15,001 - $50,000 on 7 Aug 2026. That is 84 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Automatic Data Processing (ADP), worth $15,001 - $50,000 on 26 Aug 2026. That is 65 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Workday (WDAY) (held by a spouse), worth $1,001 - $15,000 on 28 Aug 2026. That is 63 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Workday (WDAY) (held by a spouse), worth $1,001 - $15,000 on 27 Aug 2026. That is 64 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Workday (WDAY) (held by a spouse), worth $1,001 - $15,000 on 25 Aug 2026. That is 66 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold Verisk Analytics (VRSK), worth $50,001 - $100,000 on 21 Aug 2026. That is 70 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Gilbert Cisneros sold Verisk Analytics (VRSK), worth $1,001 - $15,000 on 18 Aug 2026. That is 73 days before publication. Filed 10 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
12 out of 100
“Reddit’s stock logs its biggest one-day drop ever. It’s not the last of the bad news, analysts say.” scores 12 out of 100. The score uses 1 sources.