Reddit Tumbles 7% In Premarket Amid Advance's Stake Sale Announcement: Technicals Show Strong Support, But Selling Pressure Persists At Overbought Levels
Reddit Tumbles 7% In Premarket Amid Advance's Stake Sale Announcement: Technicals Show Strong Support, But Selling Pressure Persists At Overbought Levels
Apart from this, Reddit faced an outage on Wednesday and Thursday this week. This outage stems from an HTTP error, as per TechCrunch. The platform was able to resolve the issue later.Shares of Reddit Inc (NYSE:RDDT) nosedived by 6.2% to $148.11 per share in premarket, despite closing 16% higher at $158.02 apiece on Thursday. Technical analysis points towards a bullish trend, with the stock trading at overbought levels.
紅迪公司（紐交所：RDDT）的股票在盤前交易中暴跌了6.2%，至每股148.11美元，儘管週四收盤時上漲了16%，達到每股158.02美元。技術面分析指向看好的趨勢，該股票交易於超買水平。
What Happened: Reddit's shareholder, Advance Magazine Publishers Inc. plans to sell as much as $1.2 billion of the company's stake, reported Bloomberg on Friday morning. The company is said to be offering 7.8 million shares in between the range of $145.38-$148.54 each.
發生了什麼：紅迪的股東，Advance Magazine Publishers Inc.計劃出售最多12億公司的股份，彭博社週五早上報道。該公司據說提供780萬股，區間在145.38美元至148.54美元之間。
Advance Magazine Publishers is an arm of the Newhouse family publishing empire that owns Conde Nast. The company seeks to establish a credit facility using Reddit's stake, while buying derivatives on Reddit's shares, which allow it to indirectly maintain an ownership stake, reported Bloomberg.
Advance Magazine Publishers是Newhouse家族出版帝國的一個分支，擁有Condé Nast。該公司尋求建立一項信用設施，利用紅迪的股份，同時購買紅迪股票的衍生品，以間接維持其所有權股份，彭博社報道。
Apart from this, Reddit faced an outage on Wednesday and Thursday this week. This outage stems from an HTTP error, as per TechCrunch. The platform was able to resolve the issue later.
除此之外，紅迪本週三和週四遭遇了故障。根據TechCrunch的說法，這次故障源於HTTP錯誤。該平台後來能夠解決此問題。
Also read: Reddit Suffers Second Disruption In Two Days
另請閱讀：紅迪在兩天內遭遇第二次中斷
Why It Matters: Technical analysis points towards strong support for the RDDT stock.
爲什麼這很重要：技術面分析指向RDDT股票的強壓力位。
Thursday's closing price of $158.02 sits above its eight, 20, and 50-day simple moving averages, signaling a bullish trend. However, the stock's distance from its 100-day moving average of $75.59 suggests potential selling opportunities with the relative strength index of 79.18 indicating overbought conditions.
週四收盤價158.02美元高於其八天、二十天和五十天的簡單移動平均線，顯示出看好趨勢。然而，該股票距離其100天移動平均線75.59美元的距離暗示出潛在的賣出機會，相對強度指數爲79.18，表明超買狀態。
While RDDT stock could face volatility, if the stake sale report holds true its recent upgrade from Piper Sandler citing strong user growth metrics, makes it attractive in the longer term.
雖然RDDt股票可能面臨波動，但如果股權出售報告屬實，其最近從派傑投資的升級，因強勁的用戶增長指標，使其在長期內具有吸引力。
According to Benzinga pro data, Reddit has a consensus price target of $92.84 based on the ratings of 19 analysts. The high is $150 per share issued by Piper Sandler on Nov. 19 and the low is $54 apiece issued by New Street Research on March 26, 2024.
根據Benzinga pro的數據，Reddit的共識目標價爲$92.84，基於19位分析師的評級。最高價爲派傑投資在11月19日發佈的每股$150，最低價爲新街研究在2024年3月26日發佈的每股$54。
The average price target of $118.33 between Piper Sandler, Bernstein, and Citigroup implies a 19.28% downside for Reddit.
派傑投資、伯恩斯坦和花旗集團的平均目標價爲$118.33，意味着Reddit有19.28%的下行空間。
Read next: Donald Trump's DOGE Initiative To Have 'Marginal Impact' Says Analyst As Elon Musk Aims To Target Over $500B In Federal Expenditures
閱讀下一篇：分析師表示，特朗普概念的DOGE倡議將對超過$5000億的聯邦支出產生'邊際影響'，因爲馬斯克旨在針對這一目標。
Image via Shutterstock
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譯文內容由第三人軟體翻譯。
