RDDT is trading at $152.67 (-4.29%) as the stock tracks a sharp decline in major indices driven by macroeconomic headwinds and geopolitical tensions.
- The NASDAQ fell 1.96% and the S&P 500 dropped 0.97% following hotter-than-expected CPI inflation data at 3.8% YoY.
- Escalating US-Iran tensions have pushed oil prices above $107 per barrel, further dampening investor appetite for high-beta tech stocks.
- With no company-specific news reported, the move follows a period of high volatility, including a -4.97% drop on May 8 and a +2.38% rebound on May 11.