The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Rumble Inc shares valued at $864,017 were sold by Sacks David O on Apr 08 ’24. At $6.45 per share, Sacks David O sold 133,896 shares. The insider’s holdings dropped to 3,390 shares worth approximately $22170.6 following the completion of this transaction.
Also, Sacks David O sold 383,362 shares, netting a total of over 2,474,602 in proceeds. Following the sale of shares at $6.46 each, the insider now holds 4,692 shares.
Before that, Arsov Robert had sold 35,000 shares from its account. In a trade valued at $226,038, the Director traded Rumble Inc shares for $6.46 each. Upon closing the transaction, the insider’s holdings decreased to 35,000 shares, worth approximately $100.15 million.
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 3.97%. Over the course of the year, Rumble Inc shares have jumped approximately 45.66%. 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 $7.03, while a 200-day SMA reached $6.22. Nevertheless, trading volume fell to 0.55 million shares from 0.97 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 6.42, which, if violated, would cause prices to drop to 6.29. In the upper region, resistance lies at 6.63. The next price resistance is at 6.71. RSI (Relative Strength Index) is 46.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.09, which suggests the price will decrease in the coming days. Percent R is at 43.41%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
