Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Rumble Inc shares valued at $206,942 were sold by Arsov Robert on Dec 02 ’24. At $6.90 per share, Arsov Robert sold 29,988 shares. The insider’s holdings dropped to 12,487,349 shares worth approximately $203.17 million following the completion of this transaction.
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Also, Arsov Robert sold 30,000 shares, netting a total of over 178,025 in proceeds. Following the sale of shares at $5.93 each, the insider now holds 12,517,337 shares.
Before that, Arsov Robert had sold 30,000 shares from its account. In a trade valued at $176,725, the Director traded Rumble Inc shares for $5.89 each. Upon closing the transaction, the insider’s holdings decreased to 30,000 shares, worth approximately $204.15 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 119.27%. Over the course of the year, Rumble Inc shares have jumped approximately 262.36%. Shares of the company reached a 52-week high of $17.38 on 12/26/24 and a 52-week low of $3.33 on 01/12/24. A 50-day SMA is recorded $7.08, while a 200-day SMA reached $6.45. Nevertheless, trading volume fell to 42.68 million shares from 28.1 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 13.44, which, if violated, would cause prices to drop to 10.61. In the upper region, resistance lies at 18.24. The next price resistance is at 20.21. RSI (Relative Strength Index) is 83.64 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.72, which suggests the price will increase in the coming days. Percent R is at 10.63%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
