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Why Reddit Stock Jumped 34% in June

TheMotleyFool

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Shares of Reddit (NYSE: RDDT) were on a tear last month, as the stock benefited from the broader gains in the stock market, the company released a new Community Intelligence product that impressed the market, and other positive news around artificial intelligence (AI) helped lift the stock.

According to data from S&P Global Market Intelligence, the stock finished the month up 34%.

As you can see from the chart, most of the stock's gains came in the middle of the month, though it also benefited from a late surge in the broad market as tensions in the Middle East cooled.

Source Fool.com

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