<p><strong>Reddit Inc</strong> (NYSE:RDDT) shares are trading higher on Thursday as traders react to new app-advertising tools that aim to automate campaign management and improve CPA performance.</p>



<ul>
<li>Reddit shares are powering higher. What’s fueling RDDT momentum?</li>
</ul>



<h2>What's Driving Reddit’s New App-Advertising Tools?</h2>



<p>Reddit recently launched a new suite of app-advertising tools designed to automate campaign management and drive better CPA performance. The rollout features Max campaigns for app ads, the transition of App Event Optimization to general availability, and the early beta launch of Dual Attribution.</p>



<p>This update comes as app advertisers rapidly expand their footprint on the platform. Over the past year, Reddit has seen a 129% surge in app installs, with third-party research highlighting that Reddit-sourced users consistently demonstrate higher engagement and overall value.</p>



<h2>Reddit Stock: Key Technical Levels To Watch</h2>



<p>From a trend perspective, Reddit is in a &#34;repair&#34; phase: the stock is trading 10.8% above its 20-day SMA ($158.91) and 15.4% above its 50-day SMA ($152.62), but it remains 7.5% below its 200-day SMA ($190.40). That mix fits the bigger-picture overhang from the death cross in March (50-day SMA below the 200-day SMA), even as the 20-day SMA sitting above the 50-day SMA keeps the near-term tone constructive.</p>



<p>Momentum looks like it's improving, with MACD above its signal line and the histogram positive—often a sign that downside pressure is easing and buyers are starting to regain control. In plain English, MACD compares short-term vs. longer-term momentum, and being above the signal line suggests the latest push is strengthening rather than fading.</p>



<ul>
<li><strong>Key Resistance</strong>: $177.00 — a nearby round-number/pivot area where rebounds can stall, sitting just above current levels</li>



<li><strong>Key Support</strong>: $143.00 — a prior floor where buyers stepped in, and a drop back toward it would undercut the current rebound</li>
</ul>



<figure class="wp-block-image size-large"><img width="923" height="1024" src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/06/04100159/RDDT-rsi-heatmap-chart-1-923x1024.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/06/04100159/RDDT-rsi-heatmap-chart-1-923x1024.png"/></figure>



<h2>What Is Reddit And How Does It Make Money?</h2>



<p>Reddit is a social media platform where users can engage in conversations, explore, and create communities centered around their interests. Founded in 2005 by <strong>Steve Huffman</strong> and <strong>Alexis Ohanian</strong>, Reddit has evolved into a vast network of user-generated content organized into specialized forums known as &#34;subreddits.&#34;</p>



<p>The platform's community-driven model relies on volunteer moderators to manage content and maintain subreddit guidelines, and it generates revenue primarily through advertising and data licensing agreements. That's why the app-advertising push is getting attention: better automation and measurement can make Reddit easier to buy for performance marketers, which can translate into more consistent ad budgets over time.</p>



<h2>Reddit Benzinga Edge Rankings: Growth vs. Value</h2>



<p>Below is the Benzinga Edge scorecard for Reddit, highlighting its strengths and weaknesses compared to the broader market:</p>



<ul>
<li><strong>Momentum</strong>: Neutral (Score: 60.78) — The stock is holding a middle-of-the-pack momentum profile, consistent with a rebound attempt that still needs follow-through.</li>



<li><strong>Value</strong>: Weak (Score: 15.27) — The score reflects a premium setup, which can leave less room for error if growth expectations cool.</li>



<li><strong>Growth</strong>: Strong (Score: 98.89) — The market is treating Reddit as a high-growth story, which can support the stock when execution and ad demand stay on track.</li>
</ul>



<p><strong>The Verdict:</strong> Reddit’s Benzinga Edge signal reveals a growth-heavy profile with only moderate momentum and a weak value backdrop. For longer-term bulls, that usually means the chart needs to keep improving (especially versus the 200-day) to justify the premium, while any stumble in ad execution can hit the multiple quickly.</p>



<h2>Reddit Stock Price Action On Thursday</h2>



<p><strong>RDDT Stock Price Activity:</strong> Reddit shares were up 6.09% at $179.81 at the time of publication on Thursday, according to Benzinga Pro data.</p>



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<p><em>Image: Shutterstock</em></p>

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<p>Reddit (NYSE: RDDT) shares rose 6.09% to $179.81 on Thursday, driven by the launch of new app-advertising tools designed to automate campaign management and improve CPA performance. The platform reported a 129% surge in app installs over the past year. Technically, the stock is in a repair phase with improving momentum indicators, though it remains below its 200-day SMA. Analysts highlight Reddit's strong growth profile but note weak value metrics.</p>

Reddit Stock Is Powering Higher Thursday: What's Driving The Move?