Reddit Stock (RDDT) Jumps on GDPR Shake‑Up and Big‑Money Buying: What Investors Need to Know Today
Reddit shares closed Friday at $216.47, up 4.29% after a volatile week of heavy trading. Major institutions increased positions, while insiders, including CEO Steve Huffman, sold over 400,000 shares in 90 days. Traders cited EU moves to ease data rules as a catalyst. Q3 revenue rose 68% year-on-year to $585 million.
