Reddit Inc. (RDDT): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Internet Content & Information industry segment, falling under the Communication Services sector. The current market capitalization of Reddit Inc. is $9.79B. A total of 3.71 million shares were traded on the day, compared to an average of 3.36M shares.

In the most recent transaction, MICHELLE REYNOLDS bought 8,000 shares of RDDT for 58.26 per share on Aug 27 ’24. In a previous transaction on Aug 20 ’24, Slowe Christopher Brian sold 21,000 shares at 53.99 per share. RDDT shares that Chief Technology Officer owns now total 339,295.

Among the insiders who sold shares, Slowe Christopher Brian disposed of 5,000 shares on Aug 20 ’24 at a per-share price of $53.98. This resulted in the Chief Technology Officer holding 40,068 shares of RDDT after the transaction. In another insider transaction, Wong Jennifer L. sold 33,333 shares at $53.99 per share on Aug 20 ’24. Company shares held by the Chief Operating Officer now total 1,542,457.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, RDDT has a high of $78.08 and a low of $37.35.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RDDT is Buy with a score of 3.87.

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