Reddit Inc’s recently made public that its Chief Operating Officer Wong Jennifer L. unloaded Company’s shares for reported $3.13 million on Apr 16 ’25. In the deal valued at $93.99 per share,33,334 shares were sold. As a result of this transaction, Wong Jennifer L. now holds 1,466,119 shares worth roughly $149.05 million.
Then, Huffman Steve Ladd sold 124,408 shares, generating $12,024,331 in total proceeds. Upon selling the shares at $96.65, the CEO & President now owns 577,013 shares.
Before that, Huffman Steve Ladd sold 14,000 shares. Reddit Inc shares valued at $1,445,914 were divested by the CEO & President at a price of $103.28 per share. As a result of the transaction, Huffman Steve Ladd now holds 577,013 shares, worth roughly $58.66 million.
Oppenheimer initiated its Reddit Inc [RDDT] rating to an Outperform in a research note published on April 16, 2025; the price target was $125. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in early April with a ‘”a Buy”‘ rating. Redburn Atlantic began covering RDDT with “Sell” recommendation on March 17, 2025. Seaport Research Partners started covering the stock on February 06, 2025. It rated RDDT as “a Neutral”.
Price Performance Review of RDDT
On Tuesday, Reddit Inc [NYSE:RDDT] saw its stock jump 7.98% to $101.66. Over the last five days, the stock has gained 3.46%. Reddit Inc shares have fallen nearly -37.80% since the year began. Nevertheless, the stocks have risen 143.67% over the past one year. While a 52-week high of $230.41 was reached on 02/10/25, a 52-week low of $40.51 was recorded on 04/07/25. SMA at 50 days reached $134.41, while 200 days put it at $115.21.
Levels Of Support And Resistance For RDDT Stock
The 24-hour chart illustrates a support level at 97.41, which if violated will result in even more drops to 93.15. On the upside, there is a resistance level at 103.91. A further resistance level may holdings at 106.15. The Relative Strength Index (RSI) on the 14-day chart is 44.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.84%. Stochastics %K at 51.46% indicates the stock is a holding.
How much short interest is there in Reddit Inc?
A steep rise in short interest was recorded in Reddit Inc stocks on 2025-03-31, growing by 3.93 million shares to a total of 18.58 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 14.65 million shares. There was a rise of 21.15%, which implies that there is a positive sentiment for the stock.
