In a filing, Reddit Inc revealed its CEO & President Huffman Steve Ladd unloaded Company’s shares for reported $2.83 million on Jan 31 ’25. In the deal valued at $201.96 per share,14,000 shares were sold. As a result of this transaction, Huffman Steve Ladd now holds 614,394 shares worth roughly $ 120.65 million.
Then, Slowe Christopher Brian sold 11,000 shares, generating $2,025,259 in total proceeds. Upon selling the shares at $184.11, the Chief Technology Officer now owns 311,381 shares.
Before that, Slowe Christopher Brian sold 5,000 shares. Reddit Inc shares valued at $920,772 were divested by the Chief Technology Officer at a price of $184.15 per share. As a result of the transaction, Slowe Christopher Brian now holds 35,252 shares, worth roughly $6.92 million.
Seaport Research Partners initiated its Reddit Inc [RDDT] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including ROTH MKM’s analysts, who decreased its forecast for the stock in late January from “a Buy” to “a Neutral”. Guggenheim began covering RDDT with “Buy” recommendation on December 20, 2024. Wells Fargo started covering the stock on December 11, 2024. It rated RDDT as “an Overweight”.
Price Performance Review of RDDT
On Friday, Reddit Inc [NYSE:RDDT] saw its stock fall -4.18% to $196.38. Over the last five days, the stock has lost -12.81%. Reddit Inc shares have risen nearly 20.15% since the year began. SMA at 50 days reached $180.94, while 200 days put it at $99.95.
Levels Of Support And Resistance For RDDT Stock
The 24-hour chart illustrates a support level at 191.32, which if violated will result in even more drops to 186.25. On the upside, there is a resistance level at 202.70. A further resistance level may holdings at 209.01. The Relative Strength Index (RSI) on the 14-day chart is 50.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.02%. Stochastics %K at 54.85% indicates the stock is a holding.
How much short interest is there in Reddit Inc?
A steep rise in short interest was recorded in Reddit Inc stocks on 2025-01-31, growing by 0.3 million shares to a total of 18.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 18.25 million shares. There was a rise of 1.59%, which implies that there is a positive sentiment for the stock.
