Reddit Insiders Selling Days After IPO; Shares Fall

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Reddit Insiders Selling Days After IPO; Shares Fall

Investor’s Business Daily03-28

Reddit CEO Steve Huffman and other top executives and board members late Wednesday disclosed share sales, just a week after the social network had in its initial public offering. RDDT stock fell early...

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RDDT stock fell early...</p>\n\n<a href=\"https://www.investors.com/news/technology/reddit-insiders-selling-days-after-ipo-shares-fall/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RDDT","symbol_name":"Reddit","start_time":0,"source_url":"https://www.investors.com/news/technology/reddit-insiders-selling-days-after-ipo-shares-fall/","article_id":"1119874118","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1119874118","pubTimestamp":1711634700,"sourceInfo":{"source_id":"lsy1671069246760","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"Reddit CEO Steve Huffman and other top executives and board members late Wednesday disclosed share sales, just a week after the social network had in its initial public offering. RDDT stock fell early Thursday.Reddit CEO Steve Huffman sold 500,000 shares on Monday at an average $32.30 price, receiving $16.15 million. CFO Vollero Andrew sold 71,765 Reddit shares for $2.318 million. Chief Operating Officer Jennifer Wong sold 514,000 shares for $16.602 million.Chief Technology Officer Christopher S","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"RDDT":"Reddit"},"translate_title":"Reddit内部人士在IPO后几天抛售；股价下跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RDDT":1.1},"content_text":"Reddit CEO Steve Huffman and other top executives and board members late Wednesday disclosed share sales, just a week after the social network had in its initial public offering. RDDT stock fell early Thursday.Reddit CEO Steve Huffman sold 500,000 shares on Monday at an average $32.30 price, receiving $16.15 million. CFO Vollero Andrew sold 71,765 Reddit shares for $2.318 million. Chief Operating Officer Jennifer Wong sold 514,000 shares for $16.602 million.Chief Technology Officer Christopher Slowe sold 185,000 shares for $5.975 million. Chief Accounting Officer Michelle Reynolds sold 3,033 RDDT shares for $97,966. Board member David Habiger sold 3,000 shares for $102,000.All told, that's $41.245 million worth of Reddit shares sold.At least some Reddit share sales by CEO Huffman and other key officers was expected.Reddit StockReddit stock fell 6.8% to 53.84 early Thursday. Shares tumbled 11.3% to 57.75 on Wednesday. Reddit hit a record 74.90 intraday Tuesday.The RDDT IPO priced at 34 a share on March 20, at the top of the expected range.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":5,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}