Reddit Inc’s recent filing unveils that its Officer CHRISTOPHER BRIAN SLOWE acquired Company’s shares for reported $11.48 million on Feb 24 ’25. In the deal valued at $166.40 per share,69,000 shares were bought.
Then, ANDREW VOLLERO bought 248,122 shares, generating $41,287,501 in total proceeds.
Before that, MARY PORTER GALE bought 20,000 shares. Reddit Inc shares valued at $3,394,228 were divested by the Director at a price of $169.71 per share.
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 -0.50% to $165.57. Over the last five days, the stock has lost -15.69%. Reddit Inc shares have risen nearly 1.30% since the year began. SMA at 50 days reached $182.88, while 200 days put it at $103.21.
Levels Of Support And Resistance For RDDT Stock
The 24-hour chart illustrates a support level at 157.72, which if violated will result in even more drops to 149.87. On the upside, there is a resistance level at 169.90. A further resistance level may holdings at 174.23. The Relative Strength Index (RSI) on the 14-day chart is 34.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -32.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.08%. Stochastics %K at 9.87% indicates the stock is a buying.
