Reddit Inc’s filing revealed that its Chief Technology Officer Slowe Christopher Brian unloaded Company’s shares for reported $2.56 million on May 22 ’25. In the deal valued at $98.43 per share,26,000 shares were sold. As a result of this transaction, Slowe Christopher Brian now holds 251,373 shares worth roughly $28.18 million.
Then, Lee Benjamin Seong sold 6,854 shares, generating $674,546 in total proceeds. Upon selling the shares at $98.42, the Chief Legal Officer now owns 99,277 shares.
Before that, Reynolds Michelle Marie sold 2,729 shares. Reddit Inc shares valued at $269,749 were divested by the Chief Accounting Officer at a price of $98.85 per share. As a result of the transaction, Reynolds Michelle Marie now holds 42,277 shares, worth roughly $4.74 million.
Wells Fargo downgraded its Reddit Inc [RDDT] rating to an Equal weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who increased its forecast for the stock in early May from “a Neutral” to “a Buy”. Bernstein also remained covering RDDT and has increased its forecast on May 02, 2025 with a “Mkt perform” recommendation from previously “an Underperform” rating. Oppenheimer started covering the stock on April 16, 2025. It rated RDDT as “an Outperform”.
Price Performance Review of RDDT
On Monday, Reddit Inc [NYSE:RDDT] saw its stock fall -0.21% to $112.11. Over the last five days, the stock has gained 11.26%. Reddit Inc shares have fallen nearly -31.41% since the year began. Nevertheless, the stocks have risen 94.50% over the past one year. While a 52-week high of $230.41 was reached on 02/10/25, a 52-week low of $49.13 was recorded on 04/07/25. SMA at 50 days reached $107.94, while 200 days put it at $121.92.
Levels Of Support And Resistance For RDDT Stock
The 24-hour chart illustrates a support level at 109.63, which if violated will result in even more drops to 107.14. On the upside, there is a resistance level at 114.13. A further resistance level may holdings at 116.14. The Relative Strength Index (RSI) on the 14-day chart is 52.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.80, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 51.11%. Stochastics %K at 46.20% indicates the stock is a holding.
The most recent change occurred on April 07, 2025 when Truist began covering the stock and recommended ‘”a Buy”‘ rating along with a $150 price target.
