--- title: "Why Is Reddit Stock Surging on Thursday?" type: "News" locale: "en" url: "https://longbridge.com/en/news/298632567.md" description: "Reddit (RDDT) stock surged 7.04% on Thursday following CEO Steve Huffman's presentation at the Goldman Sachs Communacopia conference, where he highlighted strong user growth metrics, including hundreds of thousands of daily app downloads and one billion new posts/comments last quarter. While the stock reclaimed its 20-day moving average, it remains below key 50-day and 200-day averages, with technical indicators suggesting a neutral momentum rather than a breakout." datetime: "2026-09-10T17:59:52.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/298632567.md) - [en](https://longbridge.com/en/news/298632567.md) - [zh-HK](https://longbridge.com/zh-HK/news/298632567.md) generator: "portal-rs" --- # Why Is Reddit Stock Surging on Thursday? **Reddit Inc.** (NYSE:RDDT) stock surged Thursday after CEO **Steve Huffman** gave an interview at the Goldman Sachs 2026 Communacopia + Technology Conference. The Nasdaq is down 0.82%, while the S&P 500 has shed 0.50%. During the conference session, Huffman outlined the social media platform’s core operational priorities. The chief executive said growing users and improving new-user retention remain the primary focus for the next 12 to 18 months, according to Benzinga Pro. The platform executive also highlighted recent engagement figures. The company reported several hundred thousand unattributed new application downloads daily, along with one billion new posts and comments created in the previous quarter, representing about 4% of the total corpus. **Read Also: Forget the Magnificent Seven Stocks, Gary Black Says This Tech Giant Is Cheaper** ## Technical Analysis RDDT is now back above its 20-day moving averages (20-day SMA at $155.25 and 20-day EMA at $155.20), which puts the stock on the right side of its near-term trend after spending time below it. The bigger picture is still heavy: the stock is trading 7.2% below its 50-day SMA ($168.76) and 10% below its 200-day SMA ($174.03). Momentum is best described as “reset, not breakout” with RSI at 50.03, a neutral reading that suggests the stock isn’t stretched and could keep chopping rather than trending cleanly. That neutral RSI also fits the longer-term damage implied by the death cross in March (50-day SMA below the 200-day SMA), which often keeps rallies more tactical until price can reclaim intermediate averages. - **Key Resistance**: $166 — a round-number area that also lines up closely with the 50-day SMA zone where rebounds can stall - **Key Support**: $143.50 — a nearby prior demand area that sits well above the $119.27 52-week low, making it a key “higher-low” line for bulls to defend ## Top ETF Exposure - **ERShares Private-Public Crossover ETF** (NASDAQ:XOVR): 3.04% Weight - **Thornburg International Equity ETF** (NASDAQ:TXUE): 2.95% Weight - **Tremblant Global ETF** (NYSE:TOGA): 5.29% Weight **Significance:** Because RDDT carries significant weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock. **RDDT Stock Price Activity:** Reddit shares were up 7.04% at $156.75 at the time of publication on Thursday, according to Benzinga Pro data. **Read Also: Oracle Stock Is Down 17% This Year, But Options Traders Bet on a Blowout** *Image via Shutterstock* ### Related Stocks - [RDDT.US](https://longbridge.com/en/quote/RDDT.US.md) - [RDTL.US](https://longbridge.com/en/quote/RDTL.US.md) - [RDYY.US](https://longbridge.com/en/quote/RDYY.US.md) - [GS.US](https://longbridge.com/en/quote/GS.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [XOVR.US](https://longbridge.com/en/quote/XOVR.US.md) - [TXUE.US](https://longbridge.com/en/quote/TXUE.US.md) - [TOGA.US](https://longbridge.com/en/quote/TOGA.US.md) - [ORCL.US](https://longbridge.com/en/quote/ORCL.US.md) - [W4VR.SG](https://longbridge.com/en/quote/W4VR.SG.md) - [ORCL-D.US](https://longbridge.com/en/quote/ORCL-D.US.md) ## Related News & Research - [Reddit CEO Steve Huffman reports disposal of 18,000 common shares worth $2.67 million](https://longbridge.com/en/news/297838644.md) - [Reddit Stock Is Rising Ahead of Thursday Earnings: What Investors Need to Know](https://longbridge.com/en/news/294229178.md) - [GraniteShares YieldBOOST Bitcoin ETF declares $0.0326 dividend](https://longbridge.com/en/news/298734311.md) - [National Bank Investments Announces September 2026 Cash Distributions for NBI ETFs and NBI Funds ETF Series](https://longbridge.com/en/news/299050257.md) - [GraniteShares YieldBOOST SPY ETF declares $0.0295 dividend](https://longbridge.com/en/news/298734305.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**