Down over 30% in a month, this tech stock is ‘extremely attractive' now
Since reporting its fourth-quarter earnings in mid-February, Reddit Inc. (NYSE: RDDT) stock has dropped 36% in less than a month. Despite beating expectations on both earnings per share (EPS) and revenue, the stock fell more than 15% on February 12 after the company reported weaker-than-expected daily active unique visitors, missing analyst estimates.The disappointing user growth was largely attributed to a change in Google’s search algorithm, which temporarily affected Reddit’s visibility in search results ...