Rumble (NASDAQ:RUM) Shares Up 4.8%

Rumble Inc. (NASDAQ:RUM) shares traded up 4.8% during mid-day trading on Tuesday . The stock traded as high as $7.85 and last traded at $7.82. 839,086 shares were traded during trading, a decline of 87% from the average session volume of 6,698,037 shares. The stock had previously closed at $7.46.

Rumble Trading Down 1.3 %

The company’s fifty day moving average price is $6.88 and its 200-day moving average price is $5.61.

Institutional Investors Weigh In On Rumble

Institutional investors and hedge funds have recently made changes to their positions in the stock. Signaturefd LLC purchased a new position in Rumble in the 4th quarter worth $32,000. Principal Securities Inc. acquired a new stake in shares of Rumble during the fourth quarter worth about $32,000. Solano Wealth Management Inc. purchased a new stake in Rumble in the third quarter valued at approximately $51,000. Red Door Wealth Management LLC acquired a new position in Rumble in the 3rd quarter worth approximately $53,000. Finally, Harbour Investments Inc. raised its position in Rumble by 11.4% during the 4th quarter. Harbour Investments Inc. now owns 14,999 shares of the company’s stock worth $67,000 after buying an additional 1,540 shares during the last quarter. 26.15% of the stock is currently owned by institutional investors and hedge funds.

Rumble Company Profile

Rumble Inc operates video sharing platforms in the United States, Canada, and internationally. The company operates rumble.com, 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 locals.com, 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.