Reddit Inc’s recently made public that its Chief Accounting Officer Reynolds Michelle Marie unloaded Company’s shares for reported $1.88 million on Mar 04 ’25. In the deal valued at $157.41 per share,11,965 shares were sold. As a result of this transaction, Reynolds Michelle Marie now holds 48,418 shares worth roughly $5.19 million.
Then, Lee Benjamin Seong sold 92,299 shares, generating $14,523,543 in total proceeds. Upon selling the shares at $157.35, the Chief Legal Officer now owns 115,001 shares.
Before that, Huffman Steve Ladd sold 14,000 shares. Reddit Inc shares valued at $2,244,253 were divested by the CEO & President at a price of $160.30 per share. As a result of the transaction, Huffman Steve Ladd now holds 597,515 shares, worth roughly $64.11 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 fall -19.92% to $107.29. Over the last five days, the stock has lost -33.96%. Reddit Inc shares have fallen nearly -34.36% since the year began. SMA at 50 days reached $180.14, while 200 days put it at $108.05.
Levels Of Support And Resistance For RDDT Stock
The 24-hour chart illustrates a support level at 99.28, which if violated will result in even more drops to 91.28. On the upside, there is a resistance level at 121.52. A further resistance level may holdings at 135.76. The Relative Strength Index (RSI) on the 14-day chart is 22.96, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -28.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.92%. Stochastics %K at 3.55% indicates the stock is a buying.
