Rumble Target of Unusually High Options Trading (NASDAQ:RUM)

Rumble Inc. (NASDAQ:RUMGet Free Report) was the recipient of unusually large options trading activity on Tuesday. Traders acquired 14,591 call options on the stock. This is an increase of 152% compared to the average volume of 5,784 call options.

Hedge Funds Weigh In On Rumble

A number of institutional investors have recently bought and sold shares of RUM. BlackRock Inc. lifted its position in Rumble by 12.7% in the second quarter. BlackRock Inc. now owns 1,738,498 shares of the company’s stock valued at $15,507,000 after buying an additional 196,564 shares during the last quarter. Sacks David O lifted its position in shares of Rumble by 30.3% during the second quarter. Sacks David O now owns 1,060,459 shares of the company’s stock worth $9,459,000 after purchasing an additional 246,498 shares in the last quarter. State Street Corp grew its holdings in shares of Rumble by 236.7% in the second quarter. State Street Corp now owns 946,213 shares of the company’s stock valued at $8,440,000 after purchasing an additional 665,213 shares in the last quarter. Geode Capital Management LLC increased its stake in Rumble by 1.9% during the 2nd quarter. Geode Capital Management LLC now owns 916,879 shares of the company’s stock worth $8,179,000 after buying an additional 16,778 shares during the period. Finally, Ameriprise Financial Inc. acquired a new stake in Rumble during the 3rd quarter worth approximately $5,042,000. 6.47% of the stock is owned by hedge funds and other institutional investors.

Rumble Trading Up 4.3 %

RUM stock opened at $8.06 on Thursday. The firm has a 50-day moving average of $4.96 and a two-hundred day moving average of $5.75. Rumble has a 12 month low of $3.33 and a 12 month high of $11.25. The company has a market cap of $3.11 billion, a price-to-earnings ratio of -18.74 and a beta of 0.82.

Rumble (NASDAQ:RUMGet Free Report) last issued its earnings results on Monday, November 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.05. The business had revenue of $17.98 million during the quarter, compared to the consensus estimate of $25.82 million. Rumble had a negative return on equity of 30.48% and a negative net margin of 109.39%. As a group, equities analysts forecast that Rumble will post -0.63 earnings per share for the current year.

About Rumble

(Get Free Report)

Rumble Inc operates video sharing platforms in the United States, Canada, and internationally. The company operates, a platform where users can subscribe to channels to stay in touch with creators, and access video on-demand (VOD) and live content streamed by creators. It also operates, a subscription platform for creators and subscribers to engage through VOD, podcasts, live chat, polls, and community discussions; and Rumble Advertising Center (RAC), an online advertising management exchange.

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