Reddit Inc. (NYSE:RDDT) shares are trending on Friday.

Shares of the social media company were trading at $152.84 in after-hours trading on Thursday, up 0.0067%, following disclosure that CEO Steve Huffman sold 17,308 Class A shares for approximately $2.77 million.

Reddit operates an online platform built around communities where users share posts, discussions and content across a broad range of topics.

Insider Stock Sale

According to the Sept. 17 Securities and Exchange Commission filing, Huffman sold 17,308 Class A shares through The XYZ Revocable Trust.

The filing showed that Huffman exercised options to acquire 17,308 Class A shares at $25.29 per share and sold the same number of shares in multiple transactions at weighted-average prices ranging from $158.21 to $163.64.

The transactions were carried out pursuant to a Rule 10b5-1 trading plan adopted on May 20, 2026.

Read Also: Micron's Largest Production Base Faces Strike Threats as Bonus Falls 'Short of Expectations,' Workers Demand Bigger Cut of AI-Driven Profits: Report

Trading Metrics, Technical Analysis

Reddit has a market capitalization of approximately $29.40 billion. Its stock has traded between a 52-week high of $282.95 and a 52-week low of $119.27.

Over the past 12 months, Reddit shares have fallen 43.54%.

Currently, RDDT is trading well below its 52-week high.

Benzinga’s Edge Stock Rankings indicate that RDDT is experiencing negative price movement across the short-, medium- and long-term time frames.

Price Action: The stock closed Thursday’s regular session at $152.83, down 3.03% , according to Benzinga Pro data.

See More: Top Value Stocks

Photo Courtesy: PJ McDonnell on Shutterstock.com