In a filing, Algorhythm Holdings Inc. revealed its 10% Owner AULT MILTON C III unloaded Company’s shares for reported $1982.0 on Oct 02 ’24. In the deal valued at $0.47 per share,4,230 shares were sold. As a result of this transaction, AULT MILTON C III now holds 1,360,000 shares worth roughly $0.82 million.
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Then, AULT MILTON C III sold 3,000 shares, generating $1,394 in total proceeds. Upon selling the shares at $0.46, the 10% Owner now owns 1,357,000 shares.
Before that, AULT MILTON C III sold 50,380 shares. Algorhythm Holdings Inc. shares valued at $24,767 were divested by the 10% Owner at a price of $0.49 per share. As a result of the transaction, AULT MILTON C III now holds 1,364,230 shares, worth roughly $0.82 million.
Price Performance Review of RIME
On Monday, Algorhythm Holdings Inc. [NASDAQ:RIME] saw its stock jump 29.89% to $0.60. Over the last five days, the stock has gained 27.41%. Algorhythm Holdings Inc. shares have fallen nearly -40.58% since the year began. Nevertheless, the stocks have fallen -44.94% over the past one year. While a 52-week high of $1.97 was reached on 06/10/24, a 52-week low of $0.35 was recorded on 08/05/24. SMA at 50 days reached $0.5505, while 200 days put it at $0.8879.
Levels Of Support And Resistance For RIME Stock
The 24-hour chart illustrates a support level at 0.5110, which if violated will result in even more drops to 0.4219. On the upside, there is a resistance level at 0.7351. A further resistance level may holdings at 0.8701. The Relative Strength Index (RSI) on the 14-day chart is 53.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0147, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.65%. Stochastics %K at 20.84% indicates the stock is a holding.
How much short interest is there in Algorhythm Holdings Inc.?
A steep rise in short interest was recorded in Algorhythm Holdings Inc. stocks on 2024-09-13, growing by 26242.0 shares to a total of 79328.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 53086.0 shares. There was a rise of 33.08%, which implies that there is a positive sentiment for the stock.
