Rumble Inc. (NASDAQ:RUM - Get Free Report) shares were down 3.9% on Thursday . The company traded as low as $9.31 and last traded at $9.28. Approximately 769,122 shares were traded during trading, a decline of 77% from the average daily volume of 3,330,934 shares. The stock had previously closed at $9.65.
Analyst Upgrades and Downgrades
Separately, Wedbush set a $8.00 price target on shares of Rumble and gave the stock a "neutral" rating in a research note on Tuesday, April 15th.
View Our Latest Stock Analysis on Rumble
Rumble Trading Down 2.7%
The business has a 50 day simple moving average of $8.95 and a two-hundred day simple moving average of $9.66. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of -6.52 and a beta of 0.73.
Institutional Trading of Rumble
A number of hedge funds and other institutional investors have recently made changes to their positions in RUM. IFP Advisors Inc raised its stake in Rumble by 70.9% during the fourth quarter. IFP Advisors Inc now owns 2,000 shares of the company's stock valued at $26,000 after buying an additional 830 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Rumble by 50.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,933 shares of the company's stock valued at $38,000 after acquiring an additional 980 shares during the last quarter. North Star Investment Management Corp. raised its position in shares of Rumble by 60.0% during the 1st quarter. North Star Investment Management Corp. now owns 4,000 shares of the company's stock valued at $28,000 after acquiring an additional 1,500 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Rumble by 12.7% during the 4th quarter. Bank of New York Mellon Corp now owns 13,396 shares of the company's stock valued at $174,000 after acquiring an additional 1,510 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in Rumble by 9.4% during the first quarter. Arizona State Retirement System now owns 18,727 shares of the company's stock worth $132,000 after purchasing an additional 1,615 shares during the last quarter. Institutional investors own 26.15% of the company's stock.
About Rumble
(
Get Free Report)
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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