In a filing, Rumble Inc revealed its Director Arsov Robert unloaded Company’s shares for reported $0.21 million on Dec 02 ’24. In the deal valued at $6.90 per share,29,988 shares were sold. As a result of this transaction, Arsov Robert now holds 12,487,349 shares worth roughly $127.5 million.
Then, Arsov Robert sold 30,000 shares, generating $178,025 in total proceeds. Upon selling the shares at $5.93, the Director now owns 12,517,337 shares.
Before that, Arsov Robert sold 30,000 shares. Rumble Inc shares valued at $176,725 were divested by the Director at a price of $5.89 per share. As a result of the transaction, Arsov Robert now holds 12,547,337 shares, worth roughly $128.11 million.
Wedbush initiated its Rumble Inc [RUM] rating to a Neutral in a research note published on July 17, 2024; the price target was $8. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in early December with a ‘”a Perform”‘ rating.
Price Performance Review of RUM
On Tuesday, Rumble Inc [NASDAQ:RUM] saw its stock fall -6.50% to $10.21. Over the last five days, the stock has lost -25.85%. Rumble Inc shares have fallen nearly -21.52% since the year began. Nevertheless, the stocks have risen 175.20% over the past one year. While a 52-week high of $17.40 was reached on 01/07/25, a 52-week low of $3.37 was recorded on 01/14/25. SMA at 50 days reached $8.57, while 200 days put it at $6.71.
Levels Of Support And Resistance For RUM Stock
The 24-hour chart illustrates a support level at 9.83, which if violated will result in even more drops to 9.45. On the upside, there is a resistance level at 10.82. A further resistance level may holdings at 11.43. The Relative Strength Index (RSI) on the 14-day chart is 47.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.89%. Stochastics %K at 27.86% indicates the stock is a holding.
How much short interest is there in Rumble Inc?
A steep rise in short interest was recorded in Rumble Inc stocks on 2024-10-31, dropping by 22579.0 shares to a total of 14.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 14.7 million shares. There was a decline of -0.15%, which implies that there is a negative sentiment for the stock.
