Rumble Inc’s recent filing unveils that its Director Arsov Robert unloaded Company’s shares for reported $0.18 million on Nov 06 ’24. In the deal valued at $5.93 per share,30,000 shares were sold. As a result of this transaction, Arsov Robert now holds 12,517,337 shares worth roughly $85.49 million.
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Then, Arsov Robert sold 30,000 shares, generating $176,725 in total proceeds. Upon selling the shares at $5.89, the Director now owns 12,547,337 shares.
Before that, Arsov Robert sold 27,500 shares. Rumble Inc shares valued at $160,325 were divested by the Director at a price of $5.83 per share. As a result of the transaction, Arsov Robert now holds 12,604,837 shares, worth roughly $86.09 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 Tuesday, Rumble Inc [NASDAQ:RUM] saw its stock fall -5.27% to $6.83. Over the last five days, the stock has gained 14.79%. Rumble Inc shares have risen nearly 52.12% since the year began. Nevertheless, the stocks have risen 45.63% 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 $5.60, while 200 days put it at $6.34.
Levels Of Support And Resistance For RUM Stock
The 24-hour chart illustrates a support level at 6.69, which if violated will result in even more drops to 6.54. On the upside, there is a resistance level at 7.08. A further resistance level may holdings at 7.32. The Relative Strength Index (RSI) on the 14-day chart is 63.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.53%. Stochastics %K at 74.62% 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 2024-10-31, dropping by 22579.0 shares to a total of 14.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 14.7 million shares. There was a decline of -0.15%, which implies that there is a negative sentiment for the stock.
