Rumble Inc. (NASDAQ:RUM - Get Free Report) was up 8.3% during mid-day trading on Monday . The company traded as high as $10.99 and last traded at $10.54. Approximately 1,707,705 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 3,325,237 shares. The stock had previously closed at $9.73.
Analyst Ratings Changes
Separately, Wedbush set a $8.00 price target on Rumble and gave the stock a "neutral" rating in a research report on Tuesday, April 15th.
Get Our Latest Research Report on RUM
Rumble Stock Down 3.0%
The company's 50 day moving average price is $9.18 and its 200 day moving average price is $9.41.
Hedge Funds Weigh In On Rumble
Several institutional investors have recently modified their holdings of RUM. Coppell Advisory Solutions LLC purchased a new position in Rumble in the fourth quarter worth approximately $35,000. North Star Investment Management Corp. lifted 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 worth $28,000 after purchasing an additional 1,500 shares during the last quarter. Golden State Wealth Management LLC grew its stake in shares of Rumble by 28,571.4% during the first quarter. Golden State Wealth Management LLC now owns 4,014 shares of the company's stock worth $28,000 after purchasing an additional 4,000 shares in the last quarter. CWM LLC grew its stake in shares of Rumble by 104.3% during the first quarter. CWM LLC now owns 4,395 shares of the company's stock worth $31,000 after purchasing an additional 2,244 shares in the last quarter. Finally, Raleigh Capital Management Inc. increased its holdings in Rumble by 8,900.0% in the first quarter. Raleigh Capital Management Inc. now owns 4,500 shares of the company's stock valued at $32,000 after buying an additional 4,450 shares during the last quarter. Institutional investors and hedge funds 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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