Track market-moving stories before they get noisy

Reddit remains a strong buy despite a 14% decline since my last coverage and underperformance versus the benchmark. RDDT has consistently beaten analyst estimates and accelerated revenue growth, posting a 69% top-line expansion last quarter. EPS surged over 7x year-over-year, from $0.13 to $1.01, reinforcing confidence in management and operational momentum.

Reddit remains a Buy into Q2, with supportive valuations and a statistical edge for pre-earnings positioning despite recent volatility. RDDT's Q2 guidance implies 43-45% YoY revenue growth and a 40% EBITDA margin, but consensus expects a beat, even against tough comps. The Google licensing overhang introduces significant uncertainty, yet I see limited direct revenue risk and asymmetric upside if renegotiation occurs.

Meta Platforms (META -2.81%) and Reddit (RDDT -8.79%) are two of the most well-known social media companies. Meta Platforms has dominated the industry with Facebook, Instagram, and WhatsApp, while Reddit has carved out a unique niche for itself.

Both stocks had rough starts to 2026, and while Meta has mostly recovered, Reddit is still down by more than 20% year to date. However, with both companies scheduled to report earnings before the end of the month, now would be a good time to assess them both and determine which is the better buy.

Image source: Getty Images.

Reddit is growing much faster Reddit has the edge in growth rates. Its compound annual revenue growth rate of 48.9% over the past three years comfortably outpaced Meta Platforms' 19.9% rate over the same stretch.

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Reddit's more rapid growth should continue for a while, since it has the advantage of being a far smaller platform. The only issue with operating a set of platforms that reach a cumulative 3.56 billion daily active users (DAUs) is that there aren't as many people left who can become new users of its family of apps.

Reddit is different. It has an impressive 126.8 million DAUs, but it could double its current user base and still have less than 10% of Meta Platforms' DAUs. Smaller companies have more untapped market share, which can produce higher long-term returns for patient investors.

The fact that Reddit saw a 17% year-over-year increase in daily active users compared to Meta's 4% growth rate highlights how much more market share is available to Reddit. Meta Platforms has done a more complete job of saturating its market.

Higher user growth rates have helped Reddit outpace Meta's revenue growth in recent years. Net income has followed the same pattern.

Meta Platforms has more ways to generate revenue While the current fundamentals favor Reddit, there are a few potential catalysts on Meta's side. Facebook's parent company has the better valuation: Its price-to-earnings (P/E) ratio of 23.5 is superior to Reddit's 51.8 P/E. Reddit's growth rates are better, but a bird in the hand is worth two in the bush.

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Furthermore, Meta Platforms has more ways to generate revenue. Its large language model (LLM) and AI glasses offer compelling long-term opportunities, as does the cloud infrastructure segment that it's expected to launch.

Granted, these three initiatives will only account for a small fraction of its total revenue: Meta Platforms is still primarily an online advertising company. However, the steps Meta is taking now could set the stage for growth in other areas, which would provide vital diversification in the event that advertising sales slow down. Reddit doesn't have other meaningful sources of income; data licensing and Reddit Premium subscriptions make up only a small portion of its total revenue.

How much longer can ad revenue remain elevated? Every high-growth company eventually sees its top-line growth rates decelerate. For instance, Meta Platforms delivered 54% year-over-year revenue growth back in 2016.

Reddit's revenue growth will follow a similar regression over time. As more people either sign up for Reddit or consider it and opt not to create an account, it will become more difficult for the company to achieve high year-over-year growth rates.

Meta has a more attractive valuation, but investors can attribute Reddit's premium to the fact that it's gaining market share more rapidly. Meta Platforms is, relatively speaking, an older and more mature collection of social media platforms. Reddit has more room to run, though the main question with this comparison is how much runway remains for it.

If Reddit can maintain elevated revenue growth rates for multiple years, it will look like the better pick. However, if revenue growth rates decelerate sharply, it will face more pressure on its valuation.

Reddit is guiding for $720 million in second-quarter revenue at the midpoint, which would be a 44% year-over-year improvement. That would be good, but it would also be a meaningful deceleration from its 69% growth rate in Q1. For Reddit to justify a decision to buy it over Meta, it will have to exceed guidance in Q2. If it doesn't deliver that degree of outperformance, I'd say Meta Platforms stock looks more attractive at current levels.

Posted by Defense World Staff on Jul 22nd, 2026

Assetmark Inc. trimmed its holdings in shares of Reddit Inc. (NYSE:RDDT – Free Report) by 8.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,971 shares of the company’s stock after selling 3,573 shares during the quarter. Assetmark Inc.’s holdings in Reddit were worth $5,517,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. NewEdge Advisors LLC grew its stake in Reddit by 143.3% in the 1st quarter. NewEdge Advisors LLC now owns 7,982 shares of the company’s stock valued at $837,000 after purchasing an additional 4,701 shares during the period. Empowered Funds LLC purchased a new stake in shares of Reddit during the 1st quarter valued at $213,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Reddit by 106.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 216,960 shares of the company’s stock worth $22,759,000 after purchasing an additional 111,780 shares during the period. Focus Partners Wealth raised its stake in shares of Reddit by 40.8% during the 1st quarter. Focus Partners Wealth now owns 10,224 shares of the company’s stock worth $1,073,000 after purchasing an additional 2,965 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Reddit by 344.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 369 shares of the company’s stock worth $39,000 after buying an additional 286 shares during the last quarter.

Analysts Set New Price Targets RDDT has been the subject of several research reports. UBS Group restated a “mixed” rating on shares of Reddit in a research report on Thursday, July 9th. Bank of America dropped their target price on shares of Reddit from $205.00 to $175.00 and set a “neutral” rating on the stock in a research note on Thursday, April 2nd. Citizens Jmp reduced their target price on shares of Reddit from $250.00 to $240.00 and set a “market outperform” rating for the company in a research report on Friday, May 1st. The Goldman Sachs Group restated a “neutral” rating and set a $200.00 price target on shares of Reddit in a research note on Friday, May 1st. Finally, Truist Financial set a $265.00 price target on shares of Reddit in a report on Friday, May 1st. Nineteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, Reddit presently has a consensus rating of “Moderate Buy” and a consensus price target of $232.48.

Get Our Latest Analysis on Reddit

Reddit Stock Up 2.4% Shares of NYSE RDDT opened at $185.93 on Wednesday. The company has a market cap of $35.79 billion, a P/E ratio of 53.12 and a beta of 1.93. Reddit Inc. has a 52 week low of $119.27 and a 52 week high of $282.95. The business has a 50-day simple moving average of $173.90 and a two-hundred day simple moving average of $168.62.

Reddit (NYSE:RDDT – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.39. The company had revenue of $663.41 million during the quarter, compared to analyst estimates of $607.74 million. Reddit had a net margin of 28.60% and a return on equity of 25.48%. Reddit’s revenue was up 69.1% compared to the same quarter last year. During the same period last year, the business earned $0.13 earnings per share. Equities research analysts anticipate that Reddit Inc. will post 4.85 EPS for the current year.

Insiders Place Their Bets In other news, CEO Steve Ladd Huffman sold 18,000 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $173.13, for a total value of $3,116,340.00. Following the transaction, the chief executive officer owned 373,814 shares of the company’s stock, valued at approximately $64,718,417.82. This represents a 4.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michelle Marie Reynolds sold 808 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $200.00, for a total value of $161,600.00. Following the completion of the sale, the chief accounting officer owned 15,060 shares in the company, valued at $3,012,000. This trade represents a 5.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 169,141 shares of company stock worth $28,680,845 in the last three months. 28.48% of the stock is currently owned by corporate insiders.

Reddit Company Profile (Free Report)

Reddit is an online social news aggregation, discussion and content-sharing platform organized around user-created communities called “subreddits,” each focused on a particular topic or interest. Registered users submit links, text posts, images and video, and community members vote and comment to surface popular content. The site is accessed via its web platform and mobile apps for iOS and Android, and it supports live events such as Ask Me Anything (AMA) sessions and community-driven discussions.

Founded in 2005 by Steve Huffman and Alexis Ohanian, Reddit is headquartered in San Francisco and serves a global audience with particularly large user bases in the United States and other English-speaking markets.

Featured Articles Five stocks we like better than Reddit Confidence Is Back, But Earnings Show the Consumer Is Being Picky AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative? 3 Photonics Companies Making Quantum Tech Possible

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Posted by Defense World Staff on Jul 22nd, 2026

California Public Employees Retirement System boosted its stake in Reddit Inc. (NYSE:RDDT – Free Report) by 13.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 247,688 shares of the company’s stock after buying an additional 28,461 shares during the quarter. California Public Employees Retirement System owned approximately 0.13% of Reddit worth $33,351,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Truist Financial Corp increased its position in shares of Reddit by 67.7% during the 4th quarter. Truist Financial Corp now owns 15,659 shares of the company’s stock worth $3,600,000 after purchasing an additional 6,321 shares in the last quarter. Swiss Life Asset Management Ltd boosted its position in Reddit by 63.2% in the fourth quarter. Swiss Life Asset Management Ltd now owns 32,003 shares of the company’s stock valued at $7,357,000 after buying an additional 12,398 shares in the last quarter. Calamos Advisors LLC acquired a new position in Reddit in the fourth quarter valued at about $2,299,000. Handelsbanken Fonder AB boosted its position in Reddit by 22.9% in the fourth quarter. Handelsbanken Fonder AB now owns 37,000 shares of the company’s stock valued at $8,505,000 after buying an additional 6,900 shares in the last quarter. Finally, Berkshire Capital Holdings Inc. grew its stake in Reddit by 326,400.0% during the fourth quarter. Berkshire Capital Holdings Inc. now owns 32,650 shares of the company’s stock worth $7,505,000 after buying an additional 32,640 shares during the last quarter.

Wall Street Analysts Forecast Growth Several research firms have recently weighed in on RDDT. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price objective on shares of Reddit in a report on Wednesday, June 24th. Loop Capital reissued a “buy” rating and issued a $260.00 target price on shares of Reddit in a report on Thursday, June 4th. Weiss Ratings restated a “hold (c)” rating on shares of Reddit in a research report on Friday, May 8th. Bank of America decreased their price target on Reddit from $205.00 to $175.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. Finally, Zacks Research cut Reddit from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Nineteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Reddit presently has an average rating of “Moderate Buy” and a consensus price target of $232.48.

View Our Latest Stock Analysis on Reddit

Insider Activity In related news, CAO Michelle Marie Reynolds sold 808 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $200.00, for a total value of $161,600.00. Following the completion of the sale, the chief accounting officer owned 15,060 shares of the company’s stock, valued at $3,012,000. This trade represents a 5.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Steve Ladd Huffman sold 18,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $173.13, for a total transaction of $3,116,340.00. Following the completion of the transaction, the chief executive officer owned 373,814 shares of the company’s stock, valued at $64,718,417.82. This trade represents a 4.59% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 169,141 shares of company stock valued at $28,680,845 over the last three months. 28.48% of the stock is owned by insiders.

Reddit Stock Up 2.4% Shares of NYSE:RDDT opened at $185.93 on Wednesday. Reddit Inc. has a 12 month low of $119.27 and a 12 month high of $282.95. The company’s 50-day moving average price is $173.90 and its two-hundred day moving average price is $168.62. The firm has a market cap of $35.79 billion, a P/E ratio of 53.12 and a beta of 1.93.

Reddit (NYSE:RDDT – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.39. Reddit had a net margin of 28.60% and a return on equity of 25.48%. The firm had revenue of $663.41 million during the quarter, compared to analysts’ expectations of $607.74 million. During the same quarter last year, the company posted $0.13 EPS. The company’s quarterly revenue was up 69.1% compared to the same quarter last year. As a group, equities analysts predict that Reddit Inc. will post 4.85 earnings per share for the current fiscal year.

Reddit Company Profile (Free Report)

Reddit is an online social news aggregation, discussion and content-sharing platform organized around user-created communities called “subreddits,” each focused on a particular topic or interest. Registered users submit links, text posts, images and video, and community members vote and comment to surface popular content. The site is accessed via its web platform and mobile apps for iOS and Android, and it supports live events such as Ask Me Anything (AMA) sessions and community-driven discussions.

Founded in 2005 by Steve Huffman and Alexis Ohanian, Reddit is headquartered in San Francisco and serves a global audience with particularly large user bases in the United States and other English-speaking markets.

See Also Five stocks we like better than Reddit Confidence Is Back, But Earnings Show the Consumer Is Being Picky AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative? 3 Photonics Companies Making Quantum Tech Possible

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Reddit Inc (NYSE:RDDT) experienced a significant Power Inflow alert, a key bullish indicator that is closely tracked by traders who value order flow analytics, specifically institutional and retail order flow data.

Understanding the Power Inflow Signal

Order flow analytics examine real-time buying and selling behavior by analyzing volume, timing, and order size across both retail and institutional participants. These insights provide a deeper understanding of price action and market sentiment, allowing traders and institutions to make more informed decisions.

RDDT Performance

At the time of the Power Inflow alert, RDDT was trading at $181.97. Following the signal:

• Intraday High As Of 2:00PM EST: $187.43 (+3.00%)

This article is for informational purposes only and does not constitute financial advice, investment recommendations, or a solicitation to buy or sell securities. The analysis is based on stock order flow data, but accuracy is not guaranteed. Investing involves risk, including possible loss of principal, and past performance is not indicative of future results. Please consult a licensed financial advisor before making any investment decisions.

Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga’s reporting and has not been edited for content or accuracy.

Market News and Data brought to you by Benzinga APIs

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Chief Executive Officer and President Steve Ladd Huffman sold 18,000 shares of Reddit, Inc. (RDDT 2.20%) on July 15, 2026, as disclosed in a recent SEC Form 4 filing.

Transaction summaryMetricValueTransaction value$3.6 millionShares sold18,000Post-transaction shares (indirectly held)~456,000Post-transaction value~$90 millionTransaction value based on SEC Form 4 weighted average sale price ($197.86); post-transaction value based on July 15, 2026 market close ($198.03).

Key questionsWhat was the structural nature of this transaction?
The trade was an exercise-and-sell transaction where Huffman exercised 18,000 options at a strike price of $25.29 and immediately disposed of the resulting shares. This activity was non-discretionary and followed a Rule 10b5-1 trading plan adopted more than a year prior on May 19, 2025.How does this affect Huffman's total exposure to the company?
Despite the reduction in direct equity after the option exercise and sale, Huffman maintains a substantial indirect position of over 450,000 shares through various trusts. Furthermore, the executive holds ~1.1 million indirect derivative securities, ensuring significant continued alignment with shareholders.What is the current market context for this sale?
The transaction occurred after Reddit demonstrated a one-year return of 37% as of the July 15, 2026 transaction date. The weighted average execution price of $197.86 was near the market close of $198.03 on the day of the trade.Company OverviewMetricValueShare Price (as of market close 2026-07-16)$185.26Market Capitalization$34.9 billionRevenue (TTM)$2.5 billionNet Income (TTM)$707.5 millionCompany SnapshotReddit operates a digital platform that hosts thousands of user-generated communities organized by topic, generating revenue primarily through advertising, premium subscriptions, and licensing agreements with third parties for content and data access.The company monetizes its engaged user base through targeted advertising placements within communities, premium membership tiers that offer enhanced features, and partnerships with technology companies seeking access to real-time user discussions and behavioral data.Reddit serves a diverse global audience spanning individual users seeking community engagement, advertisers targeting niche demographic segments, and enterprise clients requiring access to consumer sentiment and discussion data for research and product development purposes.Reddit maintains a substantial platform with $2.5 billion in annual revenue and a market capitalization of $34.9 billion, positioning it as a significant player in digital content and community engagement.

The company's competitive advantage derives from its unique community-driven architecture, which generates authentic user-generated content and fosters high engagement across diverse interest-based communities. With a 36.76% one-year share price appreciation, Reddit demonstrates strong market momentum and investor confidence in its monetization strategy and growth trajectory.

What this transaction means for investorsReddit CEO Steve Huffman’s July 15 sale of company stock was a non-discretionary transaction executed as part of a Rule 10b5-1 trading plan. Such plans are often implemented by insiders to avoid accusations of making trades based on non-public information.

In addition, the transaction involved Huffman exercising 18,000 stock options and immediately selling them, a tactic frequently implemented by executives. Post-transaction, he retained 1.1 million options through a trust, as well as more than 450,000 indirectly-held shares, illustrating his sizable equity stake in the company. These factors suggest investors need not be concerned by this sale as Huffman’s interests remain aligned with shareholders.

While Reddit stock gained over the past 12 months, it fell in 2026 after social media giant Meta Platforms released a competitor product called Forums. Still, Reddit is doing well. Its revenue grew a whopping 69% year over year to $663 million in the first quarter.

Robert Izquierdo has positions in Meta Platforms and Reddit. The Motley Fool has positions in and recommends Meta Platforms and Reddit. The Motley Fool has a disclosure policy.

Retail enthusiasm for Strategy (NASDAQ:MSTR | MSTR Price Prediction), still commonly known as MicroStrategy, has curdled in weeks. Shares closed at $94.03 on Thursday, down about 3.5% on the day, off over 23% in the past month, and down more than 79% over the past year. Reddit sentiment mirrors the slide: the Reddit sentiment score collapsed from 94 (very bullish) on June 30 to a range of 18 to 28 (bearish to very bearish) this week.

On July 5, Strategy disclosed the sale of 3,588 bitcoin worth roughly $225 million to fund preferred stock dividends, a move retail investors read as the first material crack in the leveraged bitcoin treasury model. Bitcoin itself is near $62,900, down 47% year over year, and MicroStrategy’s Q1 2026 EPS of −$38.25, missing expectations, driven by a $14.46 billion unrealized loss on digital assets.

Reddit’s Mood Snapped on the Bitcoin Sale Discussion volume peaked on June 30 with 4,247 upvotes and 322 comments, then flipped bearish as the liquidation post from user Kazgarth_ pulled in 2,923 upvotes and 340 comments on r/wallstreetbets. r/investing piled on with a fundamentals critique, arguing that Strategy now “trades below the value of its btc holdings and the premium that made the model work has flipped to a discount.”

The bear case retail investors are coalescing around:

Strategy is selling bitcoin to cover $750 million to $800 million in annual preferred dividend obligations, with $229.53 million paid in Q1 2026 alone. The firm carries $8.17 billion in long-term debt and raised $11.68 billion year to date in fresh equity, diluting common holders. Bitcoin’s average cost basis of $75,699 now stands well above spot, turning debt refinancing expensive. The tone has shifted from euphoria to gallows humor. One July 16 post titled “Volatility is Vitality” chronicled a friend whose $540,000 position, valued at its November 2024 peak, evaporated after rolling calls forward.

MicroStrategy vs. the Spot ETF Alternative Polymarket traders are pricing the near term tightly: the $105 upside strike carries just 21% odds this week. Spot bitcoin ETFs from BlackRock and Fidelity offer direct exposure without the preferred dividend drag, an alternative that did not exist during Strategy’s 2024 bull run. With BTC weakness persisting, watch the next preferred stock issuance and any further bitcoin sales as the tell on whether management’s “intelligent leverage” thesis still holds.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and MicroStrategy didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.

Reddit Inc (NYSE:RDDT) is expected to beat Wall Street's second-quarter revenue and EBITDA targets, according to Jefferies, which pointed to strong ad checks and improving user growth heading into the print.

The brokerage said investor conversations point to expectations for revenue and EBITDA to come in mid-single-digit and low-double-digit percent above consensus, respectively.

Jefferies also expects third-quarter guidance to beat consensus by a similar margin to last quarter, when the company's outlook topped the street by low-single-digit percent on revenue and mid-single-digit percent on EBITDA.

User growth remains the central debate for investors. Jefferies believes the market is looking for a sequential increase in quarter-over-quarter net adds in US logged-in daily active users, following growth of 200,000 in the first quarter. Its traffic analysis shows US web and app DAUs rebounded from declines in February and March to growth throughout the second quarter, while total web DAU growth improved to 16% year-over-year from 15% in the first quarter.

With Reddit set to drop its logged-in DAU disclosure starting in the third quarter, Jefferies said a strong second-quarter showing on that metric matters more for shifting investor focus back to monetization.

Jefferies said it will watch for progress on adoption of Reddit's newer low-funnel ad products and automation tools, which its Max offering is expected to help support, along with updated commentary on data licensing strategy ahead of potential 2027 renewal talks with Google and OpenAI.

Other focus areas for the earnings call include DAU growth drivers such as onboarding and personalization improvements, advertiser count growth and diversification into smaller advertisers, ARPU sustainability, and new product launches.

, /PRNewswire/ -- High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, is pleased to announce that Founder & Chief Executive Officer Raj Grover answered shareholder questions during his fifth Reddit Ask Me Anything ("AMA") session today, on July 15, 2026, on the Company's official subreddit, r/HighTideInc.

High Tide Inc., July 15, 2026 The AMA continues High Tide's long-standing commitment to direct, unfiltered engagement with its retail shareholder base, a community that has been central to the Company's growth story since its founding. Mr. Grover answered questions from shareholders and community members on the Company's strategy, operations, and outlook.

The session follows an active period for High Tide, including the release of its second quarter fiscal 2026 financial results, the announced acquisition of Northern Helm, the approval of C$40 million in new senior credit facilities with BMO, and the continued scaling of the Company's international medical cannabis business in Germany through its majority stake in Remexian Pharma GmbH.

ABOUT HIGH TIDE

High Tide, Inc. is the leading community-grown, retail-forward cannabis enterprise engineered to unleash the full value of the world's most powerful plant. Its wholly owned subsidiary, Canna Cabana, is the second-largest cannabis retail brand globally. High Tide (HITI) is uniquely-built around the cannabis consumer, with wholly-diversified and fully-integrated operations across all components of cannabis, including:

Retail: Canna Cabana™ is the largest cannabis retail chain in Canada, with 228 domestic and 1 international location. The Company's Canadian bricks-and-mortar operations span British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario, holding a growing 12% share of the market. In 2021, Canna Cabana became the first cannabis discount club retailer in the world. The Company also owns and operates multiple global e-commerce platforms offering accessories and hemp-derived CBD products. In 2025, the Company became the first North American cannabis operator to launch a bricks-and-mortar presence in Germany.

Medical Cannabis Distribution: Remexian Pharma GmbH is a leading German pharmaceutical company, with a 14% share of the German medical cannabis market, built for the purpose of importation and wholesale of medical cannabis products at affordable prices. Among all German medical cannabis procurers, Remexian has one of the most diverse reaches across the globe and is licensed to import from 19 countries including Canada.

High Tide consistently moves ahead of the currents, having been named one of Canada's Top Growing Companies by the Globe and Mail's Report on Business in 2025 for the fifth consecutive year and was recognized as a top 50 company by the TSX Venture Exchange (the "TSXV") in 2022, 2024 and 2025. High Tide was also ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023. To discover the full impact of High Tide, visit www.hightideinc.com. For investment performance, don't miss the High Tide profile pages on SEDAR+ and EDGAR.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION

Media Inquiries
Omar Khan
Chief Communications and Public Affairs Officer
High Tide Inc.
[email protected]
403-770-3080

Investor Inquiries
Vahan Ajamian
Capital Markets Advisor
High Tide Inc.
[email protected]

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws (collectively, "forward-looking statements"). Forward-looking statements are often, but not always, identified by words such as "expect", "intend", "plan", "believe", "anticipate", "estimate", "may", "will", "could", "should" and similar expressions. Forward-looking statements in this news release include, without limitation, statements relating to: the completion of the Company's announced acquisition of Northern Helm; and the continued scaling of the Company's operations in Germany.

Forward-looking statements are based on management's current expectations and assumptions as of the date of this news release. Forward-looking statements are subject to risks, uncertainties and other factors that may cause actual results to differ materially, including, without limitation: delays or inability to obtain required regulatory approvals or authorizations; changes in competitive, market or consumer conditions; operational risks associated with opening and operating new stores; and the other risk factors discussed under the heading "Non-Exhaustive List of Risk Factors" in Schedule A to our current annual information form, and elsewhere in this press release, as such factors may be further updated from time to time in our periodic filings, available at www.sedarplus.ca and www.sec.gov, which factors are incorporated herein by reference. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results, or otherwise, or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

SOURCE High Tide Inc.

The Undercovered Dozen series spotlights 12 lesser-covered stocks featured on Seeking Alpha between July 3 and July 9. This curated selection aims to provide fresh investment ideas and foster community discussion around under-the-radar equities. Readers are encouraged to engage, share perspectives, and highlight additional overlooked investment opportunities.

Reddit Inc (NYSE:RDDT) continued to gain share of social advertising budgets in the second quarter, with agency checks pointing to strong momentum ahead, according to a note from Jefferies.

Agencies reported that digital ad spending accelerated sequentially in the second quarter, with growth expected to hold steady through the second half of the year.

“Agencies cited Reddit’s contextual targeting capabilities as critical for driving more low-funnel spend, suggesting new performance products could extend the runway for share gains,” Jefferies analysts wrote.

“Talks also continued to highlight limited risk to social budgets from LLM advertising,” Jefferies added, leading analysts to conclude Reddit’s second quarter is “likely to exhibit strong momentum.”

Macro-sensitive advertisers turned more constructive after showing hesitancy earlier in the year tied to Middle East conflict concerns.

Paid social continued to gain share within the broader digital ad market, supported by improving lower-funnel capabilities, growing investment in influencer strategies, and an expanding role in product discovery.

Reddit's gains were attributed to its high-intent audience, incremental reach, and contextual targeting capabilities. Agencies most frequently cited LinkedIn, Pinterest, Snap, and X as the platforms losing budget share to Reddit.

Advertiser adoption of Reddit's offerings remains concentrated in the mid and upper funnel, while newer performance products, including dynamic product ads, are still in early stages. Agencies said most advertisers remain in a test-and-learn phase with these tools, and further improvements to lower-funnel measurement and targeting could unlock additional budget by bringing Reddit closer to parity with competitors.

Reddit's investments in automation and ease-of-use, including its "Max" tool and Shopify integration, are also lowering barriers to entry for smaller advertisers, according to the note. Jefferies said this could broaden Reddit's advertiser base and support continued growth if spending among longer-standing advertisers moderates.

By contrast, agencies trialing ChatGPT's advertising product described the results as underwhelming, citing above-average cost per impression, uncertain return on ad spend, and budgets that were either incremental or diverted from search rather than social.

In the latest close session, Reddit Inc. (RDDT - Free Report) was down 1.99% at $195.47. The stock's performance was behind the S&P 500's daily loss of 0.28%. Meanwhile, the Dow experienced a drop of 1.09%, and the technology-dominated Nasdaq saw an increase of 0.2%.

The stock of company has risen by 11.98% in the past month, leading the Computer and Technology sector's loss of 1.22% and the S&P 500's gain of 1.64%.

Investors will be eagerly watching for the performance of Reddit Inc. in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.99, marking a 120% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $746.89 million, indicating a 49.49% growth compared to the corresponding quarter of the prior year.

RDDT's full-year Zacks Consensus Estimates are calling for earnings of $4.83 per share and revenue of $3.25 billion. These results would represent year-over-year changes of +84.35% and +47.64%, respectively.

Investors might also notice recent changes to analyst estimates for Reddit Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Reddit Inc. currently has a Zacks Rank of #2 (Buy).

Looking at valuation, Reddit Inc. is presently trading at a Forward P/E ratio of 41.27. This signifies a premium in comparison to the average Forward P/E of 19.93 for its industry.

The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 95, placing it within the top 39% of over 250 industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

Shares of Reddit (RDDT) recently caught bullish traction as a quiet outperformer in the social media space. Rick Ducat analyzes the recent price action and key levels to watch following a recent price target hike at Wells Fargo.

In Brief

Posted:

8:22 AM PDT · July 6, 2026

Image Credits:TechCrunch It’s easier than ever for bad actors to spew spam across the internet as powerful large language models (LLMs) become effortlessly accessible. If you’ve spent about ten minutes on the internet in the last few years, you will know that this means spam and bot content have gotten become an even bigger problem than they already were.

Reddit says it developed tools with LLMs to cut down on spam, much of which was created with LLMs in the first place. It’s a bit ironic, but in the AI era, platforms have no choice but to fight fire with fire. According to the platform, Reddit blocks 23 million spam views per day and catches about 25,000 new spam posts and comments each day.

Social platforms have been building automated spam reduction tools for years, but Reddit says these updated tools are catching spam at a higher rate.

“We leverage LLMs to catch the highly subtle, coordinated patterns of fake behavior and artificial hype that older systems once missed,” a Reddit blog post says. The company claims it reduced users’ exposure to spam by 20% from January to March compared with the prior three months.

Platforms like YouTube, Meta, and Instagram allow users to post AI-generated content so long as they disclose it, and TikTok is going as far as letting users toggle how much AI-generated content they want to see.

If platforms are able to detect AI-generated content faster, that also means that they have the potential to flag violative content like hate speech more quickly. But platform experts have continually reminded us that AI content moderation must be paired with human moderation to get the most effective results.

Topics

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Reddit Inc. (NYSE:RDDT) stock is trading lower on Thursday, primarily due to profit-taking and a minor cooling period following a 12.5% single-day surge during the previous session.

The decline follows a sharp upward move on Wednesday, which was driven by investor optimism regarding the company’s artificial intelligence data-licensing leverage.

• Reddit shares are retreating from recent levels. Why is RDDT stock falling?

Cooling From AI Data OptimismThursday’s downward movement represents short-term traders locking in these recent gains.

Rising Short Interest DynamicsRecent market data indicate a rise in short interest for the platform. Short interest increased during the last reporting period, climbing from 13.40 million shares to 16.47 million shares. This short positioning represents 11.7% of the company’s publicly available float.

Based on the recent average daily trading volume of 4.74 million shares, short sellers would require 3.47 days to close out their short positions without triggering a sharp upward movement in the stock price.

Context on Recent Corporate GrowthCritical Levels To Watch for RDDT StockEven after the drop, the stock is still trading 9.8% above its 20-day SMA ($173.52) and 15.7% above its 50-day SMA ($164.62). It’s also only 3.2% above the 200-day SMA ($184.51).

The moving-average structure is mixed: the 20-day SMA is above the 50-day SMA (bullish), but the stock is still living with the "Death Cross" from March (50-day SMA below the 200-day SMA), which can keep longer-term investors cautious on rallies.

Key Resistance: $213 Key Support: $158.50 RDDT Stock Price Activity: Reddit shares were down 3.32% at $191.19 at the time of publication on Thursday, according to Benzinga Pro data.

Photo: Henry Franklin/Shutterstock

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Shares of Reddit (NYSE:RDDT | RDDT Price Prediction), Pinterest (NYSE:PINS), and Snap (NYSE:SNAP) are all trading higher midday Wednesday.

Description

"The CMO role has evolved from managing marketing outputs to truly driving business relevance and business growth for your company," said Jim Squires, chief marketing officer at Reddit, who spoke to CMO Insider at the 2026 Cannes International Festival of Creativity.

Squires said that AI productivity gains can help open up more time for marketers to focus on "the things that matter, the human judgment, the taste, the decision-making that is so critical."

"The CMO role has evolved from managing marketing outputs to truly driving business relevance and business growth for your company," said Jim Squires, chief marketing officer at Reddit, who spoke to CMO Insider at the 2026 Cannes International Festival of Creativity.

Squires said that AI productivity gains can help open up more time for marketers to focus on "the things that matter, the human judgment, the taste, the decision-making that is so critical."

Show more

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:

Fomento Económico Mexicano, S.A.B. de C.V. (FMX - Free Report) : This beverage bottling company has seen the Zacks Consensus Estimate for its current year earnings increasing 18.5% over the last 60 days.

Avnet, Inc. (AVT - Free Report) : This electronic components company has seen the Zacks Consensus Estimate for its current year earnings increasing 10.8% over the last 60 days.

Tilly's, Inc. (TLYS - Free Report) : This specialty retail company has seen the Zacks Consensus Estimate for its current year earnings increasing 64.7% over the last 60 days.

Reddit, Inc. (RDDT - Free Report) : This online community platform company has seen the Zacks Consensus Estimate for its current year earnings increasing 21.4% over the last 60 days.

Hamilton Insurance Group, Ltd. (HG - Free Report) : This insurance and reinsurance company has seen the Zacks Consensus Estimate for its current year earnings increasing 18.5% over the last 60 days.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.  

Meme stock traders have found a new company to “save”: The Wendy’s Company. 

The fast food chain saw its shares (Nasdaq: WEN) rise over 19% in premarket trading on Thursday morning as pockets of the internet—primarily Reddit’s r/WallStreetBets—rallied for the company’s success. 

The overnight jump follows a Wednesday close that was up more than 25%. 

One of the earliest Reddit posts came yesterday with a picture showing Wendy’s stock price down more than 72% over the last five years. It read: “We need to save Wendy’s.”

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Like many retail businesses, restaurant chains have suffered in the face of reduced foot traffic and expendable incomes. Wendy’s has been executing a turnaround plan that includes closing hundreds of stores.

Since the recent rally began, Reddit users have shared a number of Wendy’s-focused memes, such as one of Matthew McConaughey’s Wolf of Wall Street character with Wendy’s signature red hair saying, “You gotta pump those numbers up, those are rookie numbers.” The actual post read, “When you only buy one meals worth of wendys stocks.” 

Pointing to the bandwagon nature of the meme stock rallies, a moderator commented: “You submitted three very similar Wendy’s memes in rapid succession. I’ll approve this one since it has the most traction, but please be considerate of the rest of the feed and the other stocks not named Wendy’s.”

Explore Topicsfast foodmarketsstockswendys

Reddit Inc. (RDDT - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Shares of this company have returned +4.2% over the past month versus the Zacks S&P 500 composite's -1.4% change. The Zacks Internet - Software industry, to which Reddit Inc. belongs, has lost 5.9% over this period. Now the key question is: Where could the stock be headed in the near term?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

For the current quarter, Reddit Inc. is expected to post earnings of $0.99 per share, indicating a change of +120% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.

For the current fiscal year, the consensus earnings estimate of $4.83 points to a change of +84.4% from the prior year. Over the last 30 days, this estimate has remained unchanged.

For the next fiscal year, the consensus earnings estimate of $6.39 indicates a change of +32.2% from what Reddit Inc. is expected to report a year ago. Over the past month, the estimate has remained unchanged.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Reddit Inc..

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

In the case of Reddit Inc., the consensus sales estimate of $746.89 million for the current quarter points to a year-over-year change of +49.5%. The $3.25 billion and $4.31 billion estimates for the current and next fiscal years indicate changes of +47.6% and +32.5%, respectively.

Last Reported Results and Surprise HistoryReddit Inc. reported revenues of $663.41 million in the last reported quarter, representing a year-over-year change of +69.1%. EPS of $1.01 for the same period compares with $0.13 a year ago.

Compared to the Zacks Consensus Estimate of $614.09 million, the reported revenues represent a surprise of +8.03%. The EPS surprise was +62.9%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Reddit Inc. is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Reddit Inc.. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

Wendy’s stock exploded Wednesday after a viral Reddit post sparked a meme stock frenzy that sent shares of the struggling fast-food chain soaring as much as 42% in a matter of hours.

The rally, which briefly triggered a volatility halt, appeared to have little to do with the company’s fundamentals and everything to do with the online trading crowd searching for its next target.

Traders zeroed in on Wendy’s after a post on Reddit’s WallStreetBets forum urged users to “save Wendy’s before it’s too late.” The post was removed, but not before helping ignite a rush into the stock.

Wendy’s stock soared Wednesday as day traders and Reddit users targeted the burger chain in a meme stock rally. Christopher Sadowski By midday, some of the gains had faded, though shares remained sharply higher and were up roughly 24% as of the afternoon.

The sudden surge marked Wendy’s biggest jump since March 2020, when markets rebounded from the pandemic-driven crash.

The burger chain — known for menu staples like the Frosty, Dave’s Triple burger and the Biggie Deal — has endured a painful stretch on Wall Street.

Its shares fell more than 70% since mid-2023, making it the type of beaten-down stock that often attracts speculative traders looking for a dramatic rebound.

The company also had another characteristic that meme-stock investors frequently seek out: a large number of investors betting against it.

A now-deleted post on Reddit’s WallStreetBets forum urging traders to “save Wendy’s before it’s too late” helped spark a meme stock rally that sent shares soaring Wednesday. Short interest in Wendy’s shares stood at roughly 24% of the stock’s public float, according to data cited by Bloomberg News.

That means a sizable group of traders had wagered that the stock would continue falling.

When heavily shorted stocks suddenly surge, those bearish investors can be forced to buy shares to limit losses, creating additional demand and driving prices even higher in a phenomenon known as a short squeeze.

Scott Martin, a partner at Kingsview Wealth Management, told The Post that the Wendy’s rally “has much more to do with trading activity than it does with the underlying business.”

“Investors are focusing on momentum and short interest right now, not necessarily restaurant sales or earnings expectations,” he said.

Wendy’s is in the midst of a turnaround effort after reporting declining US sales and softer customer traffic in recent quarters. Christopher Sadowski Martin added that the meme stock dynamic was familiar.

“We’ve seen this movie before,” he said.

“When a stock has a recognizable brand name and a large short position, it doesn’t take much to attract attention from retail traders looking for the next big move.”

Martin cautioned that the longer-term question is whether Wendy’s business has actually changed.

“There’s a big difference between a stock moving because of improving fundamentals and a stock moving because traders are piling into the same theme at the same time,” Martin said.

The rally came despite a weak operating backdrop.

Wendy’s reported first-quarter US same-restaurant sales declined 7.8%, while global same-restaurant sales fell 6.8% as the chain struggled with soft traffic and weaker consumer spending.

The Wendy’s surge evoked memories of 2021, when videogame retailer GameStop became the face of the meme-stock movement.

Wendy’s shares surged as much as 42% on Wednesday before paring gains to trade up about 27.5% amid a Reddit-fueled meme stock frenzy. Perplexity AI At the time, retail investors coordinated online and piled into the company’s stock, triggering a historic short squeeze that inflicted billions of dollars in losses on professional investors who had bet against the company.

Last year, Krispy Kreme and Opendoor Technologies both experienced similar bursts of speculative buying as retail traders hunted for heavily shorted stocks with recognizable brands.

The Post has sought comment from Wendy’s.

Reddit is rapidly becoming a highly profitable, capital-light advertising platform, supported by rising ARPU, strong user purchase intent, and a long monetization runway. The business is already producing strong earnings and cash flow, while requiring minimal capex compared with most companies tied to the AI cycle. On top of that, RDDT's human conversation data could become a strategic AI asset if future licensing deals are repriced higher.

HomeStock IdeasLong IdeasCommunication Services

SummaryReddit delivered 69% YoY revenue growth in Q1 2026, with 91.5% gross margin and $311 million free cash flow.Monetization is accelerating, driven by ARPU expansion and improved ad products, while user growth is no longer the primary revenue driver.International ARPU and user frequency present significant upside, with 2030 revenue projected at $8 billion–$10 billion and FCF at $3.2 billion–$3.6 billion.At 11x 2030 FCF, RDDT is undervalued given its high-margin model, strategic AI relevance, and compounding free cash flow potential. stockcam/iStock Unreleased via Getty Images

Reddit (RDDT) has crossed the line from interesting internet community to high-growth, highly profitable, cash-generative platform. In Q1 2026, Reddit grew revenue ~70% YoY, with 90+% gross margin, and nearly ~50% operating cash flow margin, while spending only $1 million of

9.65K Followers

Analyst’s Disclosure: I/we have a beneficial long position in the shares of RDDT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Not financial advice

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

ToplineWendy’s shares rallied on Wednesday following a recent Reddit-fueled meme-stock frenzy, including a post calling to “save” the fast-food chain, as its stock has lost nearly half its value over the last 12 months.

Social media users alerted investors: “We need to save Wendy’s.”

NurPhoto via Getty Images

Key FactsShares of Wendy’s skyrocketed 37% to around $8.50 shortly after trading opened on Wednesday, pacing what would be the largest intraday gain for the stock since at least June 2021 (up 25.8%).

Trading in the fast-food chain accelerated earlier this week, with stock purchases hitting $2.2 million, up from $109,600 for all of last week, according to Vanda Research.

Enthusiasm surrounding Wendy’s stock comes as dozens of posts on Reddit’s r/WallStreetBets forum—which heralded the GameStop and AMC meme stock frenzy years earlier—pushed demand for shares, including one post declaring, “We need to save Wendy’s,” and other users arguing Wendy’s shares were more viable than SpaceX, with one declaring Wendy’s price-to-earnings ratio (8.1) was much larger than the rocket maker’s (-53.6).

The surge also follows Wendy’s appointment of Steve Cirulis, who served as Potbelly’s chief financial officer and chief strategy officer, to the same roles.$1.5 billion.

big number$1.5 billion. That’s Wendy’s market value as of Wednesday, down 72% from its all-time high of $5.4 billion in October 2020. Most of the decline has occurred since Nov. 1, 2024, after which shares have dropped by more than 61%.

key backgroundWendy’s business has slowed in recent years, and the fast-food chain warned last year its sales could be negative or fall flat as similar chains faced weakening demand. Earlier this year, it warned profit margins were impacted by swelling inflation in the U.S., which recently hit a three-year high, as global sales through Q4 2025 dropped 8.3%. Ken Cook, who served as interim CFO, said the company planned to close up to 6% of its roughly 6,000 U.S. locations as Wendy’s worked to turn around performance. Wendy’s said in November it would close restaurants as lower-income consumers pulled back on dining out, forecasting a decline in sales as it anticipated a decrease in traffic.

further readingForbesWendy’s Stock Surges After Billionaire Nelson Peltz Calls It UndervaluedBy Mary Whitfill Roeloffs