• Wed. May 29th, 2024

Reddit Executives and Board Member Sell Shares, Causing Stock Price to Drop

BySamantha Jones

Mar 28, 2024
Insiders of Reddit are selling shares shortly after the company’s IPO, leading to a late drop in share prices.

Reddit CEO Steve Huffman and other top executives, including CFO Vollero Andrew, Chief Operating Officer Jennifer Wong, Chief Technology Officer Christopher Slowe, and Chief Accounting Officer Michelle Reynolds, all sold shares of the company late Wednesday. The news led to a decrease in the stock price of RDDT.

On Monday, Steve Huffman sold 500,000 shares at an average price of $32.30, resulting in a total of $16.15 million. Andrew sold 71,765 Reddit shares for $2.318 million, while Wong sold 514,000 shares for $16.602 million. Slowe sold 185,000 shares for $5.975 million, and Reynolds sold 3,033 RDDT shares for $97,966. Additionally, board member David Habiger sold 3,000 shares for $102,00

By Samantha Jones

As a content writer at newsnnk.com, I weave words into captivating stories that inform and engage our readers. With a passion for storytelling and an eye for detail, I strive to deliver high-quality and engaging content that resonates with our audience. From breaking news to thought-provoking features, I am dedicated to providing informative and compelling articles that keep our readers informed and entertained. Join me on this journey as we explore the world through the power of words.

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