Rumble Inc’s filing revealed that its Director Sacks David O unloaded Company’s shares for reported $0.86 million on Apr 08 ’24. In the deal valued at $6.45 per share,133,896 shares were sold. As a result of this transaction, Sacks David O now holds 3,390 shares worth roughly $21119.7.
Then, Sacks David O sold 383,362 shares, generating $2,474,602 in total proceeds. Upon selling the shares at $6.46, the Director now owns 4,692 shares.
Before that, Arsov Robert sold 35,000 shares. Rumble Inc shares valued at $226,038 were divested by the Director at a price of $6.46 per share. As a result of the transaction, Arsov Robert now holds 15,313,914 shares, worth roughly $95.41 million.
Oppenheimer initiated its Rumble Inc [RUM] rating to a Perform in a research note published recently.
Price Performance Review of RUM
On Monday, Rumble Inc [NASDAQ:RUM] saw its stock unchanged to $6.23. Over the last five days, the stock has gained 2.13%. Rumble Inc shares have risen nearly 38.75% since the year began. Nevertheless, the stocks have fallen -30.24% over the past one year. While a 52-week high of $11.25 was reached on 03/13/24, a 52-week low of $3.33 was recorded on 01/12/24. SMA at 50 days reached $7.09, while 200 days put it at $6.25. A total of 0.76 million shares were traded, compared to the trading of 1.17 million shares in the previous session.
Levels Of Support And Resistance For RUM Stock
The 24-hour chart illustrates a support level at 6.13, which if violated will result in even more drops to 6.02. On the upside, there is a resistance level at 6.33. A further resistance level may holdings at 6.42. The Relative Strength Index (RSI) on the 14-day chart is 41.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.55%. Stochastics %K at 18.39% indicates the stock is a buying.
