🔴 Reddit, Inc. is trading 4.5% down today after profit-taking following a sharp late-May rally

Reddit, Inc. is trading 4.5% down today at $169.85 as the stock experiences a pullback following a significant rally in late May.

• The decline appears to be driven by profit-taking after shares climbed from the mid-$140s to the high-$170s over the past several sessions.
• The move is stock-specific rather than index-driven, as broader market averages are trading slightly higher today.
• There are no fresh company-specific headlines, earnings releases, or major analyst actions to account for the downward pressure.