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 $2.82 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 $4.05 million.
Price Performance Review of RIME
On Monday, Algorhythm Holdings Inc [NASDAQ:RIME] saw its stock fall -12.35% to $2.98. Over the last five days, the stock has lost -44.19%. Algorhythm Holdings Inc shares have fallen nearly -83.07% since the year began. Nevertheless, the stocks have fallen -97.74% over the past one year. While a 52-week high of $394.00 was reached on 01/07/25, a 52-week low of $3.32 was recorded on 02/10/25. SMA at 50 days reached $17.7700, while 200 days put it at $117.8700.
Levels Of Support And Resistance For RIME Stock
The 24-hour chart illustrates a support level at 2.7400, which if violated will result in even more drops to 2.5000. On the upside, there is a resistance level at 3.2800. A further resistance level may holdings at 3.5800. The Relative Strength Index (RSI) on the 14-day chart is 31.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.7500, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.47%. Stochastics %K at 4.54% 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.
