In a filing, Reddit Inc revealed its Chief Financial Officer Vollero Andrew unloaded Company’s shares for reported $12.41 million on Mar 24 ’25. In the deal valued at $124.08 per share,100,000 shares were sold. As a result of this transaction, Vollero Andrew now holds 499,295 shares worth roughly $52.38 million.
Then, Vollero Andrew sold 100,000 shares, generating $12,350,512 in total proceeds. Upon selling the shares at $123.51, the Chief Financial Officer now owns 399,295 shares.
Before that, Slowe Christopher Brian sold 11,000 shares. Reddit Inc shares valued at $1,364,922 were divested by the Chief Technology Officer at a price of $124.08 per share. As a result of the transaction, Slowe Christopher Brian now holds 281,213 shares, worth roughly $29.5 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 fall -2.61% to $104.90. Over the last five days, the stock has lost -16.04%. Reddit Inc shares have fallen nearly -35.82% since the year began. Nevertheless, the stocks have risen 81.65% over the past one year. While a 52-week high of $230.41 was reached on 02/10/25, a 52-week low of $37.35 was recorded on 03/31/25. SMA at 50 days reached $164.15, while 200 days put it at $112.55.
Levels Of Support And Resistance For RDDT Stock
The 24-hour chart illustrates a support level at 99.48, which if violated will result in even more drops to 94.05. On the upside, there is a resistance level at 108.46. A further resistance level may holdings at 112.01. The Relative Strength Index (RSI) on the 14-day chart is 33.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.58%. Stochastics %K at 13.25% 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 2025-03-14, growing by 0.65 million shares to a total of 15.98 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 15.33 million shares. There was a rise of 4.08%, which implies that there is a positive 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.
