Shares of Reddit (RDDT) are showing big signs of life again.

After sliding from about $260 to a low of $127.70 on AI and advertising weakness concerns, oversold shares of RDDT are just starting to pivot higher again. Helping, a director just bought $7.48 million worth of RDDT stock, picking up 50,500 shares between February 10 and 11.

251%-Culcan (in a mere 2 days), 369%-Aetna (just 13 days) click here to get results like these for just $1.

Earlier this month, the company posted EPS of $1.24, which beat by 31 cents. Revenue of $725.6 million, up 69.6% year over year, beat by $58.54 million. It also announced a $1 billion buyback program and said it expects revenue of between $595 million and $605 million and adjusted EBITDA in the $210 million to $220 million range. Both are ahead of estimates of $577.3 million for revenue and $203.2 million for adjusted EBITDA.

Last trading at $138.40, we’d like to see RDDT rally back to $160 initially.

Sincerely,

Ian Cooper

P.S. I have been tracking a way to exploit the rising volatility we are seeing and it has been working better than I expected. If you want to see how I am doing it, join me on Wed. Feb 18 at noon EST. 

Here is the page to sign up.