Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Reddit Inc shares valued at $1,883,399 were sold by Reynolds Michelle Marie on Mar 04 ’25. At $157.41 per share, Reynolds Michelle Marie sold 11,965 shares. The insider’s holdings dropped to 48,418 shares worth approximately $7.3 million following the completion of this transaction.
Also, Lee Benjamin Seong sold 92,299 shares, netting a total of over 14,523,543 in proceeds. Following the sale of shares at $157.35 each, the insider now holds 115,001 shares.
Before that, Huffman Steve Ladd had sold 14,000 shares from its account. In a trade valued at $2,244,253, the CEO & President traded Reddit Inc shares for $160.30 each. Upon closing the transaction, the insider’s holdings decreased to 14,000 shares, worth approximately $90.06 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 -5.67%. Over the course of the year, Reddit Inc shares have dropped approximately -7.78%. A 50-day SMA is recorded $182.10, while a 200-day SMA reached $107.46.
Support And Resistance Levels for Reddit Inc (RDDT)
According to the 24-hour chart, there is a support level at 145.46, which, if violated, would cause prices to drop to 140.21. In the upper region, resistance lies at 161.04. The next price resistance is at 171.37. RSI (Relative Strength Index) is 34.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -9.89, which suggests the price will decrease in the coming days. Percent R is at 95.59%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
