On May 29, Reddit rose 5.04% in regular trading, trading at $176.01/share, with trading volume of $742 million.

On the news front, Reddit officially announced that its native Shopify integration is now available to global advertisers, enabling merchants to directly connect Shopify's e-commerce platform with Reddit's advertising ecosystem. This move simplifies ad placement workflows and enhances marketing efficiency, and is viewed by the market as a significant step in strengthening Reddit's advertising monetization capabilities, with the potential to further expand its ad revenue streams.

Additionally, Reddit's previously reported quarterly earnings continue to underpin bullish sentiment. The company posted revenue of $585 million, representing a 68% year-over-year increase, while daily active users reached 116 million, up 19% year-over-year. The combination of strong fundamentals and the new commercial integration has collectively driven the stock's upward momentum.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)