Algorhythm Holdings Inc’s filing revealed 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 $37800.0.
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 $54400.0.
Price Performance Review of RIME
On Friday, Algorhythm Holdings Inc [NASDAQ:RIME] saw its stock jump 10.85% to $0.04. Over the last five days, the stock has lost -10.64%. Algorhythm Holdings Inc shares have fallen nearly -57.05% since the year began. Nevertheless, the stocks have fallen -94.71% over the past one year. While a 52-week high of $1.97 was reached on 01/07/25, a 52-week low of $0.03 was recorded on 01/22/25. SMA at 50 days reached $0.1421, while 200 days put it at $0.6337.
Levels Of Support And Resistance For RIME Stock
The 24-hour chart illustrates a support level at 0.0354, which if violated will result in even more drops to 0.0329. On the upside, there is a resistance level at 0.0399. A further resistance level may holdings at 0.0419. The Relative Strength Index (RSI) on the 14-day chart is 36.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0532, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.11%. Stochastics %K at 0.99% indicates the stock is a buying.
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.
