The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Reddit Inc shares valued at $2,827,506 were sold by Huffman Steve Ladd on Jan 31 ’25. At $201.96 per share, Huffman Steve Ladd sold 14,000 shares. The insider’s holdings dropped to 614,394 shares worth approximately $125.92 million following the completion of this transaction.
Also, Slowe Christopher Brian sold 11,000 shares, netting a total of over 2,025,259 in proceeds. Following the sale of shares at $184.11 each, the insider now holds 311,381 shares.
Before that, Slowe Christopher Brian had sold 5,000 shares from its account. In a trade valued at $920,772, the Chief Technology Officer traded Reddit Inc shares for $184.15 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $7.22 million.
As published in their initiating research note from Seaport Research Partners on February 06, 2025, Reddit Inc [RDDT] has been a Neutral. Analysts at ROTH MKM downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late January. As of December 20, 2024, Guggenheim has initiated its “Buy” rating for RDDT. Earlier on December 11, 2024, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for RDDT stock.
Analyzing RDDT Stock Performance
During the last five days, there has been a drop of approximately -5.34%. Over the course of the year, Reddit Inc shares have jumped approximately 25.40%. A 50-day SMA is recorded $179.84, while a 200-day SMA reached $99.20. Nevertheless, trading volume fell to 21.04 million shares from 11.25 million shares the previous day.
Support And Resistance Levels for Reddit Inc (RDDT)
According to the 24-hour chart, there is a support level at 195.85, which, if violated, would cause prices to drop to 186.76. In the upper region, resistance lies at 214.17. The next price resistance is at 223.40. RSI (Relative Strength Index) is 55.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.39, which suggests the price will increase in the coming days. Percent R is at 42.29%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
