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 $0.1 million.
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 $0.15 million.
Price Performance Review of RIME
On Friday, Algorhythm Holdings Inc [NASDAQ:RIME] saw its stock jump 14.95% to $0.11. Over the last five days, the stock has gained 28.01%. Algorhythm Holdings Inc shares have risen nearly 26.70% since the year began. Nevertheless, the stocks have fallen -89.22% over the past one year. While a 52-week high of $1.97 was reached on 01/03/25, a 52-week low of $0.07 was recorded on 01/02/25. SMA at 50 days reached $0.2067, while 200 days put it at $0.6908.
Levels Of Support And Resistance For RIME Stock
The 24-hour chart illustrates a support level at 0.0934, which if violated will result in even more drops to 0.0754. On the upside, there is a resistance level at 0.1244. A further resistance level may holdings at 0.1374. The Relative Strength Index (RSI) on the 14-day chart is 42.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0109, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.16%. Stochastics %K at 27.57% indicates the stock is a holding.
How much short interest is there in Algorhythm Holdings Inc?
A steep rise in short interest was recorded in Algorhythm Holdings Inc stocks on 2024-10-31, growing by 0.18 million shares to a total of 0.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 47348.0 shares. There was a rise of 79.34%, which implies that there is a positive sentiment for the stock.
