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 $ 2.56 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 $3.69 million.
Price Performance Review of RIME
On Friday, Algorhythm Holdings Inc [NASDAQ:RIME] saw its stock fall -2.52% to $2.71. Over the last five days, the stock has lost -20.29%. Algorhythm Holdings Inc shares have fallen nearly -84.60% since the year began. Nevertheless, the stocks have fallen -98.07% over the past one year. While a 52-week high of $394.00 was reached on 01/07/25, a 52-week low of $2.51 was recorded on 02/11/25. SMA at 50 days reached $14.38, while 200 days put it at $113.99.
Levels Of Support And Resistance For RIME Stock
The 24-hour chart illustrates a support level at 2.64, which if violated will result in even more drops to 2.58. On the upside, there is a resistance level at 2.77. A further resistance level may holdings at 2.84. The Relative Strength Index (RSI) on the 14-day chart is 31.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.34%. Stochastics %K at 6.33% 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 2025-01-31, dropping by 7412.0 shares to a total of 7734.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 15146.0 shares. There was a decline of -95.84%, which implies that there is a negative sentiment for the stock.
