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Why is Rumble Inc (RUM) Stock down?

We've noticed a 5.10% decline in Rumble Inc (RUM) stock during the 2024-05-01 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
03 Apr, 2024:

Rumble Inc (RUM) stock declined by 8.74% due to an insider selling activity. Wojciech Hlibowicki, Chief Technology Officer of Rumble Inc, executed a sale of 275,000 shares in the company on April 1, 2024, according to a recent SEC filing. Over the past year, the insider has sold a total of 275,000 shares and has not made any purchases of the company's stock. This recent transaction reflects a continuation of this selling trend. The insider transaction history for Rumble Inc shows a pattern of insider sales, with 0 insider buys and 5 insider sells over the past year. These insider tradings raised concerns among investors, leading to a decline in stock's price.

13 Nov, 2023:

Rumble Inc Stock (RUM) dropped by 4.05% from $4.69 to $4.50 in the trading on Monday November 13, 2023. The reason why RUM stock down today is due to the third-quarter earnings report. Both the figures are under the expectation of the analysts, which is the reason causing RUM stock down today

  • Quarterly losses of 14 cents per share, missing the consensus estimates of losses of 17 cents, down from one cent per share from the same period last year.
  • Quarterly sales of $17.98 million, falling short of the analyst consensus estimate of $25.36 million. The figure represents a 63.73% increase over sales of $10.98 million in the same period last year.
22 Sep, 2023:

Rumble (RUM) stock is sinking 7.07% on Friday following the expiration of its lockup period, opening the door for insiders at the company to sell shares of its stock.

https://www.fool.com/investing/2023/09/22/why-rumble-stock-is-plummeting-this-week/

18 Sep, 2023:

Rumble's stock declined by approximately 12.7% on Monday, from $6.79 to $5.93, following the expiration of the lock-up period, which had prevented insider selling. Founder and CEO Chris Pavlovski, holding an unusually high 44.6% of the company's shares, can now theoretically sell his holdings after the lock-up concluded.

https://www.fool.com/investing/2023/09/18/heres-why-rumble-stock-dropped-today/

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