Reddit, Inc. is trading 4.7% up at $169.75 as shares rebound amid a broad risk-on rally in U.S. equities triggered by the newly announced U.S.–Iran peace deal.
- The stock is recovering from the previous session's 6.4% decline, which was sparked by the company's exclusion from the latest S&P 500 index reconstitution.
- The geopolitical breakthrough has fueled a surge in tech and growth stocks, helping the social media platform regain ground lost during the recent selloff.