[ad_1]
Reddit CEO Steve Huffman and different high executives and board members late Wednesday disclosed share gross sales, only a week after the social community had in its preliminary public providing. RDDT inventory plunged Thursday.
X
Reddit CEO Steve Huffman offered 500,000 shares on Monday at a median $32.30 worth, receiving $16.15 million. CFO Vollero Andrew offered 71,765 Reddit shares for $2.318 million. Chief Working Officer Jennifer Wong offered 514,000 shares for $16.602 million.
Chief Expertise Officer Christopher Slowe offered 185,000 shares for $5.975 million. Chief Accounting Officer Michelle Reynolds offered 3,033 RDDT shares for $97,966. Board member David Habiger offered 3,000 shares for $102,000.
All instructed, that is $41.245 million price of Reddit shares offered.
Not less than some Reddit share gross sales by CEO Huffman and different key officers was anticipated.
Reddit Inventory
Reddit inventory dived 12.1% to 50.77 on Thursday. Shares tumbled 11.3% to 57.75 on Wednesday. Reddit hit a file 74.90 intraday Tuesday.
The RDDT IPO priced at 34 a share on March 20, on the high of the anticipated vary.
Please comply with Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson for inventory market updates and extra.
YOU MAY ALSO LIKE:
Why This IBD Software Simplifies The Search For Prime Shares
Catch The Subsequent Massive Successful Inventory With MarketSurge
Need To Get Fast Earnings And Keep away from Massive Losses? Attempt SwingTrader
Finest Progress Shares To Purchase And Watch
Futures Fall On Hawkish Fed Feedback After Small Caps Bounce
[ad_2]
Source link
