Reddit Inc’s recent filing unveils that its Chief Operating Officer Wong Jennifer L. unloaded Company’s shares for reported $4.17 million on Mar 17 ’25. In the deal valued at $125.22 per share,33,333 shares were sold. As a result of this transaction, Wong Jennifer L. now holds 1,466,119 shares worth roughly $183.18 million.
Then, Huffman Steve Ladd sold 124,408 shares, generating $15,844,168 in total proceeds. Upon selling the shares at $127.36, the CEO & President now owns 583,515 shares.
Before that, Habiger David C bought 780 shares. Reddit Inc shares valued at $98,335 were divested by the Director at a price of $126.07 per share. As a result of the transaction, Habiger David C now holds 31,588 shares, worth roughly $3.95 million.
Redburn Atlantic initiated its Reddit Inc [RDDT] rating to a Sell in a research note published on March 17, 2025; the price target was $75. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who began to cover the stock in early February with a ‘”a Neutral”‘ rating. ROTH MKM also remained covering RDDT and has decreased its forecast on January 22, 2025 with a “Neutral” recommendation from previously “Buy” rating. Guggenheim started covering the stock on December 20, 2024. It rated RDDT as “a Buy”.
Price Performance Review of RDDT
On Monday, Reddit Inc [NYSE:RDDT] saw its stock jump 7.99% to $124.94. Over the last five days, the stock has lost -0.49%. Reddit Inc shares have fallen nearly -23.56% since the year began. While a 52-week high of $230.41 was reached on 02/10/25, a 52-week low of $37.35 was recorded on 03/19/25. SMA at 50 days reached $169.62, while 200 days put it at $111.23.
Levels Of Support And Resistance For RDDT Stock
The 24-hour chart illustrates a support level at 120.97, which if violated will result in even more drops to 116.99. On the upside, there is a resistance level at 127.71. A further resistance level may holdings at 130.47. The Relative Strength Index (RSI) on the 14-day chart is 41.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.86%. Stochastics %K at 16.90% indicates the stock is a buying.
How much short interest is there in Reddit Inc?
A steep rise in short interest was recorded in Reddit Inc stocks on 2025-02-28, dropping by -1.98 million shares to a total of 14.65 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 16.64 million shares. There was a decline of -13.54%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 11, 2024 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $206 price target.
