Rumble Inc. (NASDAQ:RUM – Get Free Report) Director Robert Arsov sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $6.85, for a total transaction of $239,750.00. Following the completion of the transaction, the director now directly owns 15,208,902 shares of the company’s stock, valued at approximately $104,180,978.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Robert Arsov also recently made the following trade(s):
- On Wednesday, May 1st, Robert Arsov sold 35,012 shares of Rumble stock. The stock was sold at an average price of $6.70, for a total transaction of $234,580.40.
- On Thursday, April 4th, Robert Arsov sold 35,000 shares of Rumble stock. The shares were sold at an average price of $6.72, for a total value of $235,200.00.
- On Tuesday, April 2nd, Robert Arsov sold 40,000 shares of Rumble stock. The stock was sold at an average price of $7.21, for a total value of $288,400.00.
Rumble Stock Performance
NASDAQ:RUM opened at $6.98 on Monday. Rumble Inc. has a fifty-two week low of $3.33 and a fifty-two week high of $11.25. The business has a 50 day moving average price of $7.01 and a 200-day moving average price of $5.87. The firm has a market cap of $2.69 billion, a PE ratio of -12.25 and a beta of 0.88.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Rumble by 5.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 48,378 shares of the company’s stock worth $247,000 after purchasing an additional 2,413 shares during the period. Bank of New York Mellon Corp lifted its holdings in Rumble by 7.9% in the third quarter. Bank of New York Mellon Corp now owns 35,392 shares of the company’s stock worth $181,000 after buying an additional 2,581 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in Rumble by 20.5% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 17,504 shares of the company’s stock valued at $89,000 after acquiring an additional 2,977 shares in the last quarter. Resolute Advisors LLC grew its holdings in shares of Rumble by 18.2% during the 3rd quarter. Resolute Advisors LLC now owns 26,000 shares of the company’s stock worth $133,000 after acquiring an additional 4,000 shares during the period. Finally, TCP Asset Management LLC grew its holdings in shares of Rumble by 21.3% during the 1st quarter. TCP Asset Management LLC now owns 28,520 shares of the company’s stock worth $230,000 after acquiring an additional 5,000 shares during the period. Hedge funds and other institutional investors own 26.15% of the company’s stock.
Wall Street Analyst Weigh In
Separately, Oppenheimer reaffirmed a “market perform” rating on shares of Rumble in a research note on Thursday, March 28th.
Read Our Latest Stock Report on RUM
Rumble Company Profile
Rumble Inc operates video sharing platforms in the United States, Canada, and internationally. The company operates rumble.com, a free-to-use video sharing and livestreaming 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.
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