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 $10.78B. A total of 3.6 million shares were traded on the day, compared to an average of 3.73M shares.
In the most recent transaction, Wong Jennifer L. sold 50,000 shares of RDDT for 65.01 per share on Sep 19 ’24. After the transaction, the Chief Operating Officer now owns 1,542,457 company shares. In a previous transaction on Sep 19 ’24, Vollero Andrew sold 68,875 shares at 64.43 per share. RDDT shares that Chief Financial Officer owns now total 771,504.
Among the insiders who sold shares, Vollero Andrew disposed of 11,287 shares on Sep 18 ’24 at a per-share price of $64.00. This resulted in the Chief Financial Officer holding 840,379 shares of RDDT after the transaction. In another insider transaction, JENNIFER WONG bought 83,333 shares at $63.66 per share on Sep 19 ’24.
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. RDDT’s latest balance sheet shows that the firm has $1.41B in Cash & Short Term Investments as of fiscal 2021. There were $13.46M in debt and $70.46M in liabilities at the time. Its Book Value Per Share was $11.43, while its Total Shareholder’s Equity was -$286.01M.
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 3.94.
