Algorhythm Holdings, Inc. (NASDAQ:RIME – Get Free Report) major shareholder Milton C. Ault III sold 21,300 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $0.55, for a total value of $11,715.00. Following the sale, the insider now directly owns 1,589,400 shares of the company’s stock, valued at approximately $874,170. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Algorhythm Stock Up 3.5 %
NASDAQ:RIME opened at $0.55 on Friday. Algorhythm Holdings, Inc. has a 52 week low of $0.35 and a 52 week high of $1.97.
About Algorhythm
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