Rumble Inc’s recently made public that its Director Arsov Robert acquired Company’s shares for reported $0.91 million on Oct 04 ’24. In the deal valued at $5.29 per share,172,488 shares were bought.
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Then, Arsov Robert sold 27,500 shares, generating $144,100 in total proceeds. Upon selling the shares at $5.24, the Director now owns 12,714,837 shares.
Before that, Arsov Robert sold 27,500 shares. Rumble Inc shares valued at $143,000 were divested by the Director at a price of $5.20 per share. As a result of the transaction, Arsov Robert now holds 12,687,337 shares, worth roughly $68.13 million.
Wedbush initiated its Rumble Inc [RUM] rating to a Neutral in a research note published on July 17, 2024; the price target was $8. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in early December with a ‘”a Perform”‘ rating.
Price Performance Review of RUM
On Monday, Rumble Inc [NASDAQ:RUM] saw its stock fall -1.10% to $5.37. Over the last five days, the stock has gained 0.19%. Rumble Inc shares have risen nearly 19.60% since the year began. Nevertheless, the stocks have risen 4.68% over the past one year. While a 52-week high of $9.20 was reached on 03/13/24, a 52-week low of $3.33 was recorded on 01/12/24. SMA at 50 days reached $5.68, while 200 days put it at $6.18.
Levels Of Support And Resistance For RUM Stock
The 24-hour chart illustrates a support level at 5.27, which if violated will result in even more drops to 5.17. On the upside, there is a resistance level at 5.47. A further resistance level may holdings at 5.57. The Relative Strength Index (RSI) on the 14-day chart is 48.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.72%. Stochastics %K at 44.44% indicates the stock is a holding.
How much short interest is there in Rumble Inc?
A steep rise in short interest was recorded in Rumble Inc stocks on 2024-09-13, growing by 0.17 million shares to a total of 13.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 13.61 million shares. There was a rise of 1.21%, which implies that there is a positive sentiment for the stock.
