In a filing, Reddit Inc revealed its Chief Technology Officer Slowe Christopher Brian unloaded Company’s shares for reported $3.42 million on Feb 24 ’25. In the deal valued at $162.80 per share,21,000 shares were sold. As a result of this transaction, Slowe Christopher Brian now holds 281,213 shares worth roughly $45.68 million.
Then, Slowe Christopher Brian sold 5,000 shares, generating $813,793 in total proceeds. Upon selling the shares at $162.76, the Chief Technology Officer now owns 30,252 shares.
Before that, Vollero Andrew sold 48,122 shares. Reddit Inc shares valued at $7,834,420 were divested by the Chief Financial Officer at a price of $162.80 per share. As a result of the transaction, Vollero Andrew now holds 599,295 shares, worth roughly $97.36 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 Monday, Reddit Inc [NYSE:RDDT] saw its stock jump 0.41% to $162.45. Over the last five days, the stock has lost -1.88%. Reddit Inc shares have fallen nearly -0.61% since the year began. SMA at 50 days reached $182.40, while 200 days put it at $105.96.
Levels Of Support And Resistance For RDDT Stock
The 24-hour chart illustrates a support level at 157.16, which if violated will result in even more drops to 151.87. On the upside, there is a resistance level at 170.98. A further resistance level may holdings at 179.51. The Relative Strength Index (RSI) on the 14-day chart is 37.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -19.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.92%. Stochastics %K at 9.78% indicates the stock is a buying.
