Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Algorhythm Holdings Inc shares valued at $267,253 were sold by AULT MILTON C III on Oct 07 ’24. At $0.73 per share, AULT MILTON C III sold 365,100 shares. The insider’s holdings dropped to 945,000 shares worth approximately $85050.0 following the completion of this transaction.
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Also, AULT MILTON C III sold 46,900 shares, netting a total of over 22,174 in proceeds. Following the sale of shares at $0.47 each, the insider now holds 1,310,000 shares.
Before that, AULT MILTON C III had sold 4,230 shares from its account. In a trade valued at $1,982, the 10% Owner traded Algorhythm Holdings Inc shares for $0.47 each. Upon closing the transaction, the insider’s holdings decreased to 4,230 shares, worth approximately $0.12 million.
Analyzing RIME Stock Performance
During the last five days, there has been a surge of approximately 2.27%. Over the course of the year, Algorhythm Holdings Inc shares have dropped approximately -91.09%. Shares of the company reached a 52-week high of $1.9700 on 06/10/24 and a 52-week low of $0.0725 on 12/20/24. A 50-day SMA is recorded $0.2456, while a 200-day SMA reached $0.7229. Nevertheless, trading volume fell to 30.98 million shares from 153.48 million shares the previous day.
Support And Resistance Levels for Algorhythm Holdings Inc (RIME)
According to the 24-hour chart, there is a support level at 0.0853, which, if violated, would cause prices to drop to 0.0810. In the upper region, resistance lies at 0.0942. The next price resistance is at 0.0988. RSI (Relative Strength Index) is 32.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0034, which suggests the price will decrease in the coming days. Percent R is at 81.99%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
