Bullish Reddit (RDDT) reversal play into Feb 5 earnings, citing growth metrics and insider-selling noise.
RDDT — LONG The author argues RDDT has dropped nearly $60 in 10 days with volatility peaking, but that insider-selling headlines are mostly automated 10b5-1 plans that bypass the blackout. They cite revenue up 68% and DAUs of 116M in Q3, arguing fundamental growth remains intact while the market prices the stock like a disaster. The author is long over 1,000 shares and frames the Feb 5 earnings as the reversal catalyst.
If you actually look at the metrics, Revenue was up 68% and DAUs hit 116M in Q3. The fundamental growth is still there. Earnings are confirmed for Feb 5th, and the market is pricing this like a disaster.