It’s Not Over Yet For Reddit Inc (NYSE: RDDT)

After Hours

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.

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Stocks Info

Reddit Inc is listed on the NYSE as a member of the Communication Services sector and is a part of the Internet Content & Information industry. The current market capitalization of Reddit Inc is $27.08B. A total of 6.56 million shares were traded on the day, compared to an average of 5.98M shares.

In the most recent transaction, Huffman Steve Ladd sold 14,000 shares of RDDT for 141.79 per share on Nov 29 ’24. After the transaction, the CEO & President now owns 634,971 company shares. In a previous transaction on Nov 25 ’24, Vollero Andrew sold 19,838 shares at 143.22 per share. RDDT shares that Chief Financial Officer owns now total 703,615.

Among the insiders who bought shares, ANDREW VOLLERO acquired of 19,838 shares on Nov 25 ’24 at a per-share price of $146.67. In another insider transaction, Slowe Christopher Brian sold 21,000 shares at $146.01 per share on Nov 22 ’24. Company shares held by the Chief Technology Officer now total 297,925.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, RDDT has a high of $158.49 and a low of $37.35.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $11.36, while its Total Shareholder’s Equity was -$286.01M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 4.00.

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