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 $6,257,428 were sold by Wong Jennifer L. on Feb 18 ’25. At $187.72 per share, Wong Jennifer L. sold 33,333 shares. The insider’s holdings dropped to 1,504,297 shares worth approximately $263.91 million following the completion of this transaction.
Also, Huffman Steve Ladd sold 110,408 shares, netting a total of over 20,725,318 in proceeds. Following the sale of shares at $187.72 each, the insider now holds 0 shares.
Before that, Huffman Steve Ladd had sold 14,000 shares from its account. In a trade valued at $2,628,919, the CEO & President traded Reddit Inc shares for $187.78 each. Upon closing the transaction, the insider’s holdings decreased to 14,000 shares, worth approximately $107.79 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 -18.95%. Over the course of the year, Reddit Inc shares have jumped approximately 7.34%. A 50-day SMA is recorded $182.84, while a 200-day SMA reached $102.02. Nevertheless, trading volume fell to 10.57 million shares from 4.44 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 168.11, which, if violated, would cause prices to drop to 160.78. In the upper region, resistance lies at 185.26. The next price resistance is at 195.08. RSI (Relative Strength Index) is 39.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -22.27, which suggests the price will decrease in the coming days. Percent R is at 91.91%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
