Rumble Stock Dips 11%, Insiders Seem To Have Made A Right Call By Selling Early

12/27/2024 11:28:13 PM

(MENAFN- Investor Brand Network)
Rumble Inc. (NASDAQ: RUM)
stock has
dropped 11%
in value over the past week, leading to a significant market valuation decrease of $255 million. However, company insiders appear to have avoided the pain of this loss by selling their shares earlier at a much higher price.

Over the past year, Rumble insiders sold $6.1 million worth of shares at an average price of $6.07 per share. The most notable sale came from Robert Arsov, Rumble's Lead Independent Director, who sold $711,000 worth of shares at around $7.02 per share. Arsov sold a total of a million shares over the...

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