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. Rumble Inc shares valued at $72,273,255 were sold by Pavlovski Christopher on Feb 07 ’25. At $7.50 per share, Pavlovski Christopher sold 9,636,434 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Pavlovski Christopher sold 354,849 shares, netting a total of over 2,661,368 in proceeds. Following the sale of shares at $7.50 each, the insider now holds 522,927 shares.
Before that, Milnes Ryan had sold 24,978,210 shares from its account. In a trade valued at $187,336,575, the Director traded Rumble Inc shares for $7.50 each. Upon closing the transaction, the insider’s holdings decreased to 24,978,210 shares, worth approximately $0.0.
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 3.06%. Over the course of the year, Rumble Inc shares have dropped approximately -14.53%. 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 $11.47, while a 200-day SMA reached $7.41. Nevertheless, trading volume fell to 2.49 million shares from 2.62 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 10.72, which, if violated, would cause prices to drop to 10.33. In the upper region, resistance lies at 11.38. The next price resistance is at 11.65. RSI (Relative Strength Index) is 44.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.60, which suggests the price will decrease in the coming days. Percent R is at 81.82%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
