Algorhythm Holdings Inc.’s recent filing unveils that its Former 10% Owner AULT MILTON C III unloaded Company’s shares for reported $0.27 million on Oct 07 ’24. In the deal valued at $0.73 per share,365,100 shares were sold. As a result of this transaction, AULT MILTON C III now holds 945,000 shares worth roughly $0.37 million.
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Then, AULT MILTON C III sold 46,900 shares, generating $22,174 in total proceeds. Upon selling the shares at $0.47, the Former 10% Owner now owns 1,310,000 shares.
Before that, AULT MILTON C III sold 4,230 shares. Algorhythm Holdings Inc. shares valued at $1,982 were divested by the 10% Owner at a price of $0.47 per share. As a result of the transaction, AULT MILTON C III now holds 1,360,000 shares, worth roughly $0.53 million.
Price Performance Review of RIME
On Monday, Algorhythm Holdings Inc. [NASDAQ:RIME] saw its stock fall -8.10% to $0.39. Over the last five days, the stock has lost -23.28%. Algorhythm Holdings Inc. shares have fallen nearly -61.78% since the year began. Nevertheless, the stocks have fallen -47.98% 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 $0.5405, while 200 days put it at $0.8579.
Levels Of Support And Resistance For RIME Stock
The 24-hour chart illustrates a support level at 0.3766, which if violated will result in even more drops to 0.3671. On the upside, there is a resistance level at 0.3989. A further resistance level may holdings at 0.4117. The Relative Strength Index (RSI) on the 14-day chart is 37.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0751, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.98%. Stochastics %K at 7.86% indicates the stock is a buying.
How much short interest is there in Algorhythm Holdings Inc.?
A steep rise in short interest was recorded in Algorhythm Holdings Inc. stocks on 2024-09-30, growing by 11095.0 shares to a total of 47348.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 36253.0 shares. There was a rise of 23.43%, which implies that there is a positive sentiment for the stock.
