Shares of Reddit, Inc. ( RDDT ) are trading higher after a San Francisco County court tentatively sided with the company in its lawsuit against Anthropic.

Reddit ( RDDT ) shares are advancing steadily. Why is RDDT stock advancing?

Reddit Fights Anthropic Over Training Data

Social media site Reddit ( RDDT ) sued Anthropic last year, claiming that the artificial intelligence company unlawfully used posts of Reddit ( RDDT ) users to train its A.I. systems. At the time, Anthropic declined to pursue a licensing agreement with Reddit ( RDDT ), which means that the AI company was not paying for the content it was scraping from the site.

Stock Remains Below Key Averages

Reddit ( RDDT ) is trading 0.3% below its 20-day SMA, but it remains 26.7% below its 100-day SMA, showing the near-term bounce is happening inside a still-damaged intermediate trend. Shares are up 30.35% over the past 12 months, but the stock is positioned closer to its 52-week lows than highs after pulling back sharply from the $282.95 peak.

The RSI is at 39.43, which sits in neutral territory but leans toward "weak momentum" rather than strong accumulation. Meanwhile, MACD is at -7.3984 versus a signal line of -9.5961, a bullish configuration that suggests downside pressure is easing even though the indicator remains below zero.

Stock Price Up In Regular Trading

RDDT Price Action: Reddit ( RDDT ) shares are up 1.83% at $140.66 at the time of publication on Friday. During today’s trading, the stock has hit a high of $143.85 and a low of $135.68. Trading volume is sitting at 2.88 million shares. The stock is 49.9% below its 52-week high, and with an RSI of 39.4, it's showing weak momentum.

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