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Why Reddit Stock Was Moving Higher This Week

TheMotleyFool

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Why Reddit Stock Was Moving Higher This WeekPhoto, wide shot, wide-angle lens, Software company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/70b5df15-67cc-4a1b-af41-3596614daf77.png

Shares of Reddit (NYSE: RDDT) were moving higher this week after the company launched two new AI-powered advertising tools and benefited from some positive analyst commentary on the stock.

According to data from S&P Global Market Intelligence, the stock was up 19.4% for the week as of Wednesday's close.

Image source: Getty Images.

Source Fool.com

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