Reddit shares plunge almost 25% in two days, finish the week below first day close
Publishing timestamp: 2024-03-28 16:58:37
Summary
Reddit shares are plummeting after a rally following the company's IPO last week. CEO and COO sold significant amounts of shares, leading to a decrease in stock price. Analysts question why insiders are selling if prospects are bright. Stock started the week high but ended with a significant drop.
Sentiment: NEGATIVE
Tickers: RDDT,
Keywords: business news, breaking news: technology, reddit inc, mobile, technology, internet, social media,
Source: https://www.cnbc.com/2024/03/28/reddit-shares-on-a-two-day-tumble-after-post-ipo-high.html