In a filing, Rumble Inc revealed its Director Arsov Robert unloaded Company’s shares for reported $0.24 million on May 03 ’24. In the deal valued at $6.85 per share,35,000 shares were sold. As a result of this transaction, Arsov Robert now holds 15,208,902 shares worth roughly $104.64 million.
Then, Arsov Robert sold 35,000 shares, generating $236,550 in total proceeds. Upon selling the shares at $6.76, the Director now owns 15,243,902 shares.
Before that, Arsov Robert sold 35,012 shares. Rumble Inc shares valued at $234,622 were divested by the Director at a price of $6.70 per share. As a result of the transaction, Arsov Robert now holds 15,278,902 shares, worth roughly $105.12 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 fall -1.43% to $6.88. Over the last five days, the stock has lost -0.72%. Rumble Inc shares have risen nearly 53.23% since the year began. Nevertheless, the stocks have fallen -22.52% 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 $6.98, while 200 days put it at $6.17. A total of 0.79 million shares were traded, compared to the trading of 0.78 million shares in the previous session.
Levels Of Support And Resistance For RUM Stock
The 24-hour chart illustrates a support level at 6.77, which if violated will result in even more drops to 6.66. On the upside, there is a resistance level at 6.99. A further resistance level may holdings at 7.10. The Relative Strength Index (RSI) on the 14-day chart is 52.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 17.43%. Stochastics %K at 82.78% indicates the stock is a selling.
