(VIANEWS) – Shares of Rumble (NASDAQ: RUM) jumped by a staggering 28.57% in 21 sessions from $7.63 at 2023-01-09, to $9.81 at 10:42 EST on Wednesday, after five sequential sessions in a row of gains. NASDAQ is falling 1.97% to $11,110.81, following the last session’s downward trend.
Rumble’s last close was $9.99, 46.06% 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.
Classification of Stock Prices
The stochastic oscillator is a helpful indicator for overbought or oversold situations.
Rumble’s stock has been oversold by 20 percent.
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