Reddit (NYSE:RDDT) Sets New 52-Week Low at $44.40

Reddit, Inc. (NYSE:RDDTGet Free Report) reached a new 52-week low on Tuesday . The stock traded as low as 44.40 and last traded at 45.97, with a volume of 12987900 shares trading hands. The stock had previously closed at 49.32.

Wall Street Analyst Weigh In

Separately, New Street Research began coverage on Reddit in a research report on Tuesday, March 26th. They issued a “neutral” rating and a $54.00 price target for the company.

View Our Latest Analysis on Reddit

Reddit Trading Down 6.9 %

Insider Buying and Selling

In other Reddit news, CEO Steve Ladd Huffman sold 500,000 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of 32.30, for a total transaction of 16,150,000.00. Following the completion of the transaction, the chief executive officer now owns 710,306 shares of the company’s stock, valued at approximately 22,942,883.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Reddit news, CFO Andrew Vollero sold 71,765 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of 32.30, for a total value of 2,318,009.50. Following the sale, the chief financial officer now owns 681,660 shares of the company’s stock, valued at approximately 22,017,618. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Steve Ladd Huffman sold 500,000 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of 32.30, for a total value of 16,150,000.00. Following the transaction, the chief executive officer now owns 710,306 shares of the company’s stock, valued at 22,942,883.80. The disclosure for this sale can be found here. In the last three months, insiders sold 1,084,798 shares of company stock valued at $35,038,975.

About Reddit

(Get Free Report)

Reddit, Inc operates a website that organizes digital communities. It organizes communities based on specific interests that enable users to engage in conversations by sharing experiences, submitting links, uploading images and videos, and replying to one another. The company was founded in 2005 and is headquartered in San Francisco, California.

See Also

Receive News & Ratings for Reddit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reddit and related companies with MarketBeat.com's FREE daily email newsletter.