Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Reddit Inc shares valued at $3,418,891 were sold by Slowe Christopher Brian on Feb 24 ’25. At $162.80 per share, Slowe Christopher Brian sold 21,000 shares. The insider’s holdings dropped to 281,213 shares worth approximately $47.27 million following the completion of this transaction.
Also, Slowe Christopher Brian sold 5,000 shares, netting a total of over 813,793 in proceeds. Following the sale of shares at $162.76 each, the insider now holds 30,252 shares.
Before that, Vollero Andrew had sold 48,122 shares from its account. In a trade valued at $7,834,420, the Chief Financial Officer traded Reddit Inc shares for $162.80 each. Upon closing the transaction, the insider’s holdings decreased to 48,122 shares, worth approximately $100.74 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 -11.37%. Over the course of the year, Reddit Inc shares have jumped approximately 2.85%. A 50-day SMA is recorded $183.00, while a 200-day SMA reached $104.35. Nevertheless, trading volume fell to 6.32 million shares from 6.12 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 162.78, which, if violated, would cause prices to drop to 157.46. In the upper region, resistance lies at 171.86. The next price resistance is at 175.62. RSI (Relative Strength Index) is 38.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -29.06, which suggests the price will decrease in the coming days. Percent R is at 81.76%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
