Make Sure You Stick With Reddit Inc. (RDDT). It’s Bull Time Again

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 $9.27B. A total of 8.08 million shares were traded on the day, compared to an average of 7.42M shares.

In the most recent transaction, Sauerberg Robert A. bought 10,000 shares of RDDT for 34.00 per share on Mar 25 ’24. After the transaction, the Director now owns 10,000 company shares. In a previous transaction on Mar 25 ’24, Habiger David C bought 3,000 shares at 34.00 per share. RDDT shares that Director owns now total 24,906.

Among the insiders who sold shares, Huffman Steve Ladd disposed of 500,000 shares on Mar 25 ’24 at a per-share price of $32.30. This resulted in the CEO & President holding 710,306 shares of RDDT after the transaction. In another insider transaction, Wong Jennifer L. sold 325,000 shares at $32.30 per share on Mar 25 ’24. Company shares held by the Chief Operating Officer now total 1,736,813.

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 $74.90 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 $11.25, 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 3.87.

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