RumbleON Inc’s recently made public that its Member of 10% Group Cohen Mark Alexander acquired Company’s shares for reported $1.46 million on Dec 19 ’24. In the deal valued at $4.18 per share,349,333 shares were bought. As a result of this transaction, Cohen Mark Alexander now holds 7,075,815 shares worth roughly $39.98 million.
B. Riley Securities downgraded its RumbleON Inc [RMBL] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in late September with a ‘”a Peer perform”‘ rating. DA Davidson began covering RMBL with “Buy” recommendation on October 14, 2021. Wedbush started covering the stock on September 15, 2021. It rated RMBL as “an Outperform”.
Price Performance Review of RMBL
On Tuesday, RumbleON Inc [NASDAQ:RMBL] saw its stock jump 8.24% to $5.65. Over the last five days, the stock has gained 0.36%. RumbleON Inc shares have fallen nearly -30.59% since the year began. Nevertheless, the stocks have fallen -33.37% over the past one year. While a 52-week high of $8.51 was reached on 01/08/24, a 52-week low of $3.12 was recorded on 08/08/24. SMA at 50 days reached $5.69, while 200 days put it at $5.11.
Levels Of Support And Resistance For RMBL Stock
The 24-hour chart illustrates a support level at 5.38, which if violated will result in even more drops to 5.12. On the upside, there is a resistance level at 5.80. A further resistance level may holdings at 5.96. The Relative Strength Index (RSI) on the 14-day chart is 48.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.99%. Stochastics %K at 25.07% indicates the stock is a holding.
How much short interest is there in RumbleON Inc?
A steep rise in short interest was recorded in RumbleON Inc stocks on 2024-11-29, growing by 0.2 million shares to a total of 1.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.04 million shares. There was a rise of 16.49%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 02, 2021 when Robert W. Baird began covering the stock and recommended ‘”an Outperform”‘ rating along with a $42 price target.
