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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
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Reddit (RDDT) Business Model and Operations Summary
Reddit, Inc. operates a website that organizes digital communities. It organizes communities based on specific interests that enable users to engage in conversations by sharing experiences, submitting links, uploading images and videos, and replying to one another. The company was founded in 2005 and is headquartered in San Francisco, California. Reddit, Inc. operates as a subsidiary of Advance Publications, Inc.
Key Insights
Reddit (RDDT) Stock Information & Key Business Metrics
Market Cap
$42.21 BillionAverage Daily Volume
5,457,022 Shares52-Week Range
$79.75-$282.95Price-Earnings Ratio
127.06Free Cash Flow
$509.68 MillionTotal Outstanding Shares
51.67 Million SharesCEO
Steven Ladd HuffmanTotal Employees
2,233Current Dividend
No dividendIPO Date
March 21, 2024SIC Description
Services-computer Processing & Data PreparationHeadquarters
303 2nd Street, San Francisco, CA, 94104