Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Rumble Inc shares valued at $4,785,220 were sold by Milnes Ryan on Dec 07 ’23. At $4.35 per share, Milnes Ryan sold 1,100,000 shares. The insider’s holdings dropped to 36,491 shares worth approximately $0.31 million following the completion of this transaction.
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Also, Milnes Ryan sold 1,100,000 shares, netting a total of over 5,115,990 in proceeds. Following the sale of shares at $4.65 each, the insider now holds 36,491 shares.
As published in their initiating research note from Oppenheimer on December 02, 2022, Rumble Inc [RUM] has been a Perform.
Analyzing RUM Stock Performance
During the last five days, there has been a surge of approximately 6.92%. Over the course of the year, Rumble Inc shares have jumped approximately 89.31%. Shares of the company reached a 52-week high of $9.20 on 03/13/24 and a 52-week low of $3.33 on 01/12/24. A 50-day SMA is recorded $6.90, while a 200-day SMA reached $6.48. Nevertheless, trading volume fell to 5.31 million shares from 2.56 million shares the previous day.
Support And Resistance Levels for Rumble Inc (RUM)
According to the 24-hour chart, there is a support level at 8.13, which, if violated, would cause prices to drop to 7.77. In the upper region, resistance lies at 8.90. The next price resistance is at 9.31. RSI (Relative Strength Index) is 62.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.47, which suggests the price will decrease in the coming days. Percent R is at 26.42%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Rumble Inc subject to short interest?
Stocks of Rumble Inc saw a sharp steep in short interest on Feb 29, 2024 dropping by -3.21 million shares to 13.91 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 17.12 million shares. A decline of -23.08% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.17 of the overall float, the days-to-cover ratio (short ratio) decline to 1.17.
