From StockStory: 2025-06-06 16:30:00

Shares of Reddit (NYSE:RDDT) surged 7.2% after a strong Bureau of Labor Statistics report showed non-farm payrolls rising by 139,000 in May 2025, above expectations. This could ease recession fears and support economic growth. The stock closed at $121.15, up 7.9% from the previous close.

The market views this news as significant but not game-changing for Reddit, which has seen high volatility with 62 moves greater than 5% in the past year. The stock is down 27.1% year-to-date, trading 46.3% below its 52-week high. Investors who bought at the IPO in March 2024 would now see a 139.9% return.



Read more at StockStory: Reddit (RDDT) Shares Skyrocket, What You Need To Know