Bearish
Reddit (RDDT) stock drops 0.68% to $153.00 amid director's share sale.
In the past 24 hours, Reddit's stock (RDDT) declined by 0.68% to $153.00 following the sale of 5,128 shares by director Robert Sauerberg at an average price of $159.92. This insider transaction, amounting to approximately $820,070, reduced Sauerberg's holdings by 15.92% to 27,087 shares. Despite this, Reddit's recent earnings report showed a 61% year-over-year revenue increase, reporting $804.91 million.
Key points
- Director Robert Sauerberg sells 5,128 shares, reducing holdings by 15.92%.
- Reddit's Q2 earnings report shows 61% revenue growth to $804.91 million.
- Analysts maintain a 'Moderate Buy' rating with an average price target of $221.10.
Sources
AI-generated from public news sources. Not financial advice.
