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Cambridge Investment Research Advisors Inc. invests $148,000 in Rumble Inc. (NASDAQ:RUM)

Cambridge Investment Research Advisors Inc. invests $148,000 in Rumble Inc. (NASDAQ:RUM)

According to the most recent filing it made with the SEC, Cambridge Investment Research Advisors Inc. increased the amount of Rumble Inc. (NASDAQ: RUM) stock it had in its portfolio during the third quarter. The institutional investor spent close to $148,000 to acquire 12,046 shares of the company’s stock, bringing the total number of shares purchased to 12,046.

In addition, during the third quarter, PFG Advisors made a new investment in Rumble worth 233,000 dollars.

On Tuesday morning, the price of a share of RUM stock was $9.33 when trading got underway. The moving average for the last 50 days of the company’s stock price is $8.49. During the past year, the share price of Rumble Inc. has fluctuated between $5.81 and $18.52, with a low point of $5.81 and a high point of $18.52.

Rumble, whose stock is publicly traded and can be followed on the NASDAQ using the ticker symbol RUM, released its most recent earnings report on November 14th. The company reported a loss of one cent per share for the period covered in the report (EPS). During the period under consideration, the company generated total revenue of $10.98 million. According to the majority opinion held by analysts who follow the market, Rumble Inc. is projected to report a loss of -0.13 cents per share in 2018.

On Friday, December 2nd, Oppenheimer began providing coverage of Rumble shares in the form of a research note. They gave the stock a “market” rating, which means “average.”

Rumble, Inc. is in the business of operating websites that allow users to share videos online. The company gives video creators access to the Rumble.com platform, which enables them to host, manage, distribute, broadcast, and generate over-the-top (OTT) streams of their content and monetize it. Additionally, the company allows video creators to sell their creations. In addition, it runs the website locals.com, a platform for sharing videos that require users to pay a fee. 2013 marked the beginning of operations for the business, which currently has its headquarters on Longboat Key in the state of Florida.

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