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Reddit ($RDDT) shares have experienced significant volatility since its IPO, with a 92% increase above the listing price of $34 per share. Despite this, the stock has fallen 16% following a short idea report by Hedgeye Risk Management. Insiders, including CEO Steve Huffman, have been selling shares, with notable amounts being $16 million by Huffman, $6 million by CTO Christopher Slowe, and $16 million by COO Jennifer Wong.
little IPO lesson with $RDDT - bookmark this https://t.co/jxDOsg4niG
Reddit's Sky-High IPO: Too Much Enthusiasm and Overvaluation $RDDT #stocks #investing #valueinvesting #Tech #Technology #Value https://t.co/Mn7WEcC8Yg
$RDDT | 3 Reddit Executives Sold Too Early And Missed Out On $19M In Additional Gains From IPO Several Reddit executives sold shares of the company, but it was part of the IPO process. The executives missed out on further gains by selling early based on the current Reddit… https://t.co/n8F9W4V8Ox