The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Algorhythm Holdings Inc shares valued at $1,428 were sold by Stingray Group Inc. on Feb 18 ’25. At $0.26 per share, Stingray Group Inc. sold 5,494 shares. The insider’s holdings dropped to 2,722 shares worth approximately $7839.36 following the completion of this transaction.
Also, AULT MILTON C III sold 365,100 shares, netting a total of over 267,253 in proceeds. Following the sale of shares at $0.73 each, the insider now holds 945,000 shares.
Before that, AULT MILTON C III had sold 46,900 shares from its account. In a trade valued at $22,174, the Former 10% Owner traded Algorhythm Holdings Inc shares for $0.47 each. Upon closing the transaction, the insider’s holdings decreased to 46,900 shares, worth approximately $3.77 million.
Analyzing RIME Stock Performance
During the last five days, there has been a drop of approximately -3.03%. Over the course of the year, Algorhythm Holdings Inc shares have dropped approximately -83.64%. Shares of the company reached a 52-week high of $67.72 on 01/07/25 and a 52-week low of $2.41 on 02/19/25. A 50-day SMA is recorded $12.73, while a 200-day SMA reached $110.97. Nevertheless, trading volume fell to 0.98 million shares from 0.55 million shares the previous day.
Support And Resistance Levels for Algorhythm Holdings Inc (RIME)
According to the 24-hour chart, there is a support level at 2.65, which, if violated, would cause prices to drop to 2.41. In the upper region, resistance lies at 3.13. The next price resistance is at 3.37. RSI (Relative Strength Index) is 32.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.85, which suggests the price will decrease in the coming days. Percent R is at 88.34%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
