NYSE:RDDTInteractive Media and Services
Reddit Insider Buy Connects Board Confidence With Data And Buyback Story
Reddit board member Sarah Farrell purchased 50,500 NYSE:RDDT shares in the open market.
The transaction was valued at US$7.48 million.
This is one of the largest insider buys since Reddit's IPO lock up period ended.
The purchase comes after a period of year to date share price weakness.
Reddit, the social platform behind thousands of online communities, now trades publicly under NYSE:RDDT. Farrell's sizable share purchase arrives as investors consider how Reddit can translate its user base...