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.
在盤前交易中，Reddit Inc（紐交所：RDDT）的股價暴跌6.2%，至每股148.11美元，儘管週四收盤時每股158.02美元上漲了16%。技術面分析表明，股價呈現看好趨勢，目前股票交易處於超買水平。
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：Reddit的股東，Advance Magazine Publishers Inc.計劃出售高達12億公司的股份，彭博社週五早上報道。該公司預計將提供780萬股，價格區間在145.38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，該帝國擁有Conde Nast。該公司尋求利用Reddit的股份建立信貸設施，同時購買Reddit股票的衍生品，從而間接維護其所有權股份，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.
除了這些，Reddit本週三和週四遭遇服務中斷。這次中斷源於HTTP錯誤，TechCrunch表示。該平台後來能夠解決該問題。
Also read: Reddit Suffers Second Disruption In Two Days
另請閱讀：Reddit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：技術面分析表明RDDT股票具有強勁的壓力位。
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8日、20日和50日簡單移動平均線，顯示出看好的趨勢。然而，股票距離其100日移動平均線75.59美元的差距暗示出潛在的賣出機會。 相對強度指數 79.18的指標顯示出超買狀態。
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，派傑投資最近基於強勁的用戶增長指標的升級，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數據，Reddit的共識目標價格爲92.84美元，基於19位分析師的評級。最高爲派傑投資於11月19日發佈的每股150美元，最低爲新街研究於2024年3月26日發佈的每股54美元。
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格爲118.33美元，意味着Reddit將面臨19.28%的下行空間。
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圖片來源：shutterstock
