RumbleON, Inc. (OTCMKTS:RMBL) was up 15.9% on Thursday . The company traded as high as $31.74 and last traded at $30.90. Approximately 212,647 shares were traded during trading, a decline of 55% from the average daily volume of 473,752 shares. The stock had previously closed at $26.65.
Several research analysts recently commented on RMBL shares. JMP Securities boosted their price objective on shares of RumbleON from $15.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, August 17th. Aegis initiated coverage on shares of RumbleON in a report on Tuesday, July 28th. They issued a “buy” rating and a $30.00 price target on the stock.
The business’s 50-day simple moving average is $30.47 and its 200-day simple moving average is $15.68.
In other news, CEO Marshall Chesrown purchased 2,000 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were purchased at an average cost of $28.14 per share, with a total value of $56,280.00. Following the completion of the acquisition, the chief executive officer now owns 94,250 shares of the company’s stock, valued at approximately $2,652,195. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
RumbleON Company Profile (OTCMKTS:RMBL)
RumbleOn, Inc operates a capital light disruptive e-commerce platform facilitating the ability of both consumers and dealers to buy-sell-trade-finance pre-owned vehicles in one online location. It operates through the Vehicle Distribution, and Vehicle Logistics Transportation business segments. The Vehicle Distribution segment distributes power sports and automotive and is anchored on a proprietary supply chain and distribution software platform that is supported with its mobile-first web and application strategy.
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