(VIANEWS) – Shares of Rumble (NASDAQ: RUM) slid 9.37% to $11.70 at 11:20 EST on Monday, after two consecutive sessions in a row of gains. NASDAQ is sliding 0.67% to $11,247.78, after two successive sessions in a row of gains. This seems, so far, a somewhat down trend exchanging session today.
Rumble’s last close was $12.91, 30.29% under its 52-week high of $18.52.
Rumble Inc. operates video sharing platforms. Rumble.com is a video sharing platform. It allows creators of videos to livestream, host, distribute, create, manage and distribute OTT streams, as well as monetize them. Locals.com is a subscription-based platform for video sharing. It was established in Longboat Key in Florida in 2013.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions,
Rumble’s stock is considered to be oversold (<=20).
Rumble’s worth is higher than its 50-day moving average of $11.51 and higher than its 200-day moving average of $11.28.
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