Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $157.47 million following the completion of this transaction.
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 $158.22 million.
As published in their initiating research note from Maxim Group on January 15, 2025, Rumble Inc [RUM] has been a Buy and the price target has been revised to $20. Analysts at Wedbush started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid July. As of December 02, 2022, Oppenheimer has initiated its “Perform” rating for RUM.
Analyzing RUM Stock Performance
During the last five days, there has been a surge of approximately 23.51%. Over the course of the year, Rumble Inc shares have dropped approximately -3.07%. Shares of the company reached a 52-week high of $14.27 on 01/07/25 and a 52-week low of $10.06 on 01/14/25. A 50-day SMA is recorded $9.21, while a 200-day SMA reached $6.84. Nevertheless, trading volume fell to 3.23 million shares from 6.58 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 12.17, which, if violated, would cause prices to drop to 11.74. In the upper region, resistance lies at 13.08. The next price resistance is at 13.56. RSI (Relative Strength Index) is 57.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.56, which suggests the price will decrease in the coming days. Percent R is at 39.43%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
