Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Rumble Inc shares valued at $912,461 were purchased by Arsov Robert on Oct 04 ’24. At $5.29 per share, Arsov Robert acquired 172,488 shares.
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Also, Arsov Robert sold 27,500 shares, netting a total of over 144,100 in proceeds. Following the sale of shares at $5.24 each, the insider now holds 12,714,837 shares.
Before that, Arsov Robert had sold 27,500 shares from its account. In a trade valued at $143,000, the Director traded Rumble Inc shares for $5.20 each. Upon closing the transaction, the insider’s holdings decreased to 27,500 shares, worth approximately $67.12 million.
As published in their initiating research note from Wedbush on July 17, 2024, Rumble Inc [RUM] has been a Neutral and the price target has been revised to $8. Analysts at Oppenheimer started covering the stock with ‘”a Perform”‘ outlook in a report released in early December.
Analyzing RUM Stock Performance
During the last five days, there has been a surge of approximately 1.15%. Over the course of the year, Rumble Inc shares have jumped approximately 17.82%. 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 $5.62, while a 200-day SMA reached $6.19. Nevertheless, trading volume fell to 0.72 million shares from 0.74 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 5.20, which, if violated, would cause prices to drop to 5.11. In the upper region, resistance lies at 5.39. The next price resistance is at 5.49. RSI (Relative Strength Index) is 46.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.02, which suggests the price will decrease in the coming days. Percent R is at 48.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
