RumbleON is Now Oversold (RMBL) Thursday, March 14, 11:53 AM ET, by Market News Video Staff Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
RumbleON Enters Oversold Territory (RMBL) Wednesday, April 17, 4:20 PM ET, by Market News Video Staff Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
Top Buys by Directors: Tkach's $3.3M Bet on RMBL
By Market News Video Staff, Tuesday, January 11, 11:16 AM ET
The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $3.3M by Mark Tkach, Chief Operating Officer at RumbleON Inc (NASDAQ:RMBL).
Tkach bets big on RMBL:
Purchased
Insider
Title
Shares
Price/Share
Value
12/30/2021
Mark Tkach
Chief Operating Officer
110,785
$30.00
$3,323,550.00
Tkach's average cost works out to $30.00/share. Shares of RumbleON Inc were changing hands at $39.96 at last check, trading up about 1.4% on Tuesday. The chart below shows the one year performance of RMBL shares, versus its 200 day moving average:
Looking at the chart above, RMBL's low point in its 52 week range is $28.50 per share, with $64.13 as the 52 week high point — that compares with a last trade of $39.96.
This Article's Word Cloud:BuysChiefCompanyDaysDirectorsDollarsInsiderJoinLookingMarkOfferOfficerOperatingPresumablyPricePurchasedRMBLRumbleONSevenShareSharesSpecialStartTitleTkachTuesdayValueValueForumaboutaboveaveragebelowbetsbothbuyschartcompanydirectorslastmakemaybemdashpointsharestocktakethattheyweekwith
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