Rumble (NASDAQ:RUM) Trading 4.8% Higher

Shares of Rumble Inc. (NASDAQ:RUM) shot up 4.8% during mid-day trading on Tuesday . The company traded as high as $7.85 and last traded at $7.82. 839,086 shares changed hands 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 Stock Down 1.3 %

The business’s fifty day moving average is $6.88 and its two-hundred day moving average is $5.61.

Institutional Investors Weigh In On Rumble

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Harbour Investments Inc. boosted its holdings in Rumble by 11.4% in the fourth quarter. Harbour Investments Inc. now owns 14,999 shares of the company’s stock valued at $67,000 after acquiring an additional 1,540 shares during the last quarter. Stifel Financial Corp increased its holdings in Rumble by 14.2% in the second quarter. Stifel Financial Corp now owns 13,290 shares of the company’s stock valued at $119,000 after purchasing an additional 1,649 shares during the last quarter. Cetera Advisor Networks LLC lifted its stake in Rumble by 11.2% in the fourth quarter. Cetera Advisor Networks LLC now owns 18,395 shares of the company’s stock valued at $109,000 after buying an additional 1,850 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Rumble by 5.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 48,378 shares of the company’s stock valued at $247,000 after acquiring an additional 2,413 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Rumble by 7.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 35,392 shares of the company’s stock worth $181,000 after acquiring an additional 2,581 shares during the last quarter. 26.15% of the stock is owned by institutional investors and hedge funds.

About Rumble

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.