What's Going On With Rumble Stock?
Portfolio Pulse from Erica Kollmann
Rumble Inc. (NASDAQ:RUM) shares surged, possibly due to Trump Media & Technology Group Corp. (NASDAQ:DJT) debuting on Nasdaq. Rumble's CEO congratulated Trump Media on X and discussed Rumble's offer to buy TikTok on Fox Business. Rumble is expected to report Q4 financial results with estimated losses of 22 cents per share and revenue of $28.127 million. Rumble's stock closed up 16.10% at $57.99.
March 26, 2024 | 8:47 pm
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POSITIVE IMPACT
Trump Media & Technology Group Corp. debuted on Nasdaq, positively impacting Rumble Inc. as Rumble's CEO publicly congratulated Trump Media, highlighting their partnership.
Trump Media's Nasdaq debut and the public support from Rumble's CEO, emphasizing their partnership, likely contribute to a positive perception and potential short-term uplift for Trump Media's stock.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Rumble Inc. shares surged following Trump Media's Nasdaq debut, with Rumble's CEO publicly supporting Trump Media. Rumble is set to report Q4 results, with anticipated losses but significant revenue.
Rumble's stock price increase is likely influenced by the positive association with Trump Media's Nasdaq debut and the anticipation of Rumble's Q4 financial results. The CEO's public support and the upcoming financial report contribute to a positive short-term outlook.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90