Mar 27, 04:24 PM

Reddit's $RDDT Stock Surges 30%, Faces Potential 11% Decline as Hedgeye Suggests 50% Short, Insiders Sell Post-IPO

Reddit's stock $RDDT surged by 30%, setting course for a new record high. Despite this, there were signs of a potential downside, with Hedgeye suggesting a 50% short. The stock experienced an 11% decline, leading to speculation about a possible unwind. Insiders, including the CEO, sold significant amounts of stock post-IPO.

#Reddit #Hedgeye

Written with ChatGPT (GPT-3).

Sources

unusual_whales@unusual_whales
2 years ago
BREAKING: Reddit, $RDDT, insiders have been selling stock after the IPO. CEO Steve Huffman sold shares worth $16 million, CTO Christopher Slowe sold $6 million, and COO Jennifer Wong sold $16 million. https://t.co/UsV4E4fok0
Bio Stocks™@BioStocks
2 years ago
$RDDT CEO sells $16.2M in stock, COO $16M, CTO $6M, CFO $2M.
Ripster@ripster47
2 years ago
$RDDT #update Not a bad curl, looks like they were waiting for me close short! 34/50 resistance test here #repeatable reversal setup https://t.co/tXP0zS5gon https://t.co/4mxy7vbBXF

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Image #1 for story reddit-s-rddt-stock-surges-30-faces-potential-11-decline-50

Reddit's $RDDT Stock Surges 30%, Faces Potential 11% Decline as Hedgeye Suggests 50% Short, Insiders Sell Post-IPO

Sources

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