Reddit stock hit by major insider trading activity
RDDTReddit(RDDT) Finbold·2024-11-06 21:17

In the highly saturated yet competitive social media market, Reddit (NYSE: RDDT) stands out. The platform, which aligns more closely with the style of an old-school forum, had its long-anticipated initial public offering (IPO) on March 21. Once RDDT shares hit the secondary market, they opened at $50 — and with the exception of April and early May, they have been in the green ever since. At press time, Reddit stock is trading at $124.62 — after an impressive 70.25% rally on the monthly chart which brought y ...