The social media platform Reddit’s stock price has dropped by 25% in the past two days.

Reddit, which was listed last week, saw its stock price fall by 25% in the past two days.

Reddit closed at $49.32 on Thursday, similar to the closing price of $50.44 last Thursday, but there was significant volatility during this period.

Reddit surged 30% on Monday, rose another 8.8% on Tuesday, but gave back 11% on Wednesday, and slipped further by 14.6% on Thursday. The US securities market will be closed on Friday due to the Easter holiday.

Earlier this week, Reddit announced that its CEO, Steve Huffman, sold 500,000 shares. Additionally, according to the announcement, COO Jennifer Wong also sold 514,000 shares and still holds 1.4 million shares.

Ben Silverman, vice president of the Verity Research Department, said that the sale of shares by Reddit’s management is a normal phenomenon.