Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. RumbleON Inc shares valued at $1,460,212 were purchased by Cohen Mark Alexander on Dec 19 ’24. At $4.18 per share, Cohen Mark Alexander acquired 349,333 shares. The insider’s holdings grew to 7,075,815 shares worth approximately $33.82 million following the completion of this transaction.
As published in a research note from B. Riley Securities on November 29, 2024, RumbleON Inc [RMBL] has been rated down from a Buy to a Neutral and the price target has been revised to $7. Analysts at Wolfe Research started covering the stock with ‘”a Peer perform”‘ outlook in a report released in late September. As of October 14, 2021, DA Davidson has initiated its “Buy” rating for RMBL. Earlier on September 15, 2021, Wedbush initiated its rating. Their recommendation was “an Outperform” for RMBL stock.
Analyzing RMBL Stock Performance
During the last five days, there has been a drop of approximately -11.97%. Over the course of the year, RumbleON Inc shares have dropped approximately -11.97%. Shares of the company reached a 52-week high of $5.68 on 01/02/25 and a 52-week low of $4.67 on 01/08/25. A 50-day SMA is recorded $5.71, while a 200-day SMA reached $5.07. Nevertheless, trading volume fell to 60260.0 shares from 0.15 million shares the previous day.
Support And Resistance Levels for RumbleON Inc (RMBL)
According to the 24-hour chart, there is a support level at 4.67, which, if violated, would cause prices to drop to 4.56. In the upper region, resistance lies at 4.88. The next price resistance is at 4.99. RSI (Relative Strength Index) is 36.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.31, which suggests the price will decrease in the coming days. Percent R is at 91.63%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
