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Reddit Shares Plunge 10% Amid Insider Sell-Off and Growth Concerns

Reddit Shares Plunge 10% Amid Insider Sell-Off and Growth Concerns

Author:

Global Cryptocurrency

Published:

2026-03-27 15:46:03

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BTCCSquare news:

Reddit (RDDT) tumbled 10% to $128.11 Thursday as executives unloaded shares. CTO Christopher Slowe sold 9,500 shares (~$1.34M), while COO Jennifer Wong offloaded 39,165 shares (~$6.6M). The sales, disclosed via SEC filings, coincided with analyst warnings about slowing ad revenue and user growth.

The stock now trades 40% below its 2024 opening price, breaching both 50-day and 200-day moving averages. Trading volume reached 2.4M shares—56% below its 5.5M average—signaling waning market confidence.

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