What Happened With Rumble Stock After Trump Vs. Harris Presidential Debate?
Portfolio Pulse from Erica Kollmann
Rumble, Inc. (NASDAQ:RUM) shares fell after a presidential debate where Kamala Harris was perceived to have outperformed Donald Trump. Despite this, Rumble set records for concurrent live viewers and bandwidth during the debate. The stock is down over 11% in the past month, trading below its 50-day moving average. Analysts have a neutral outlook with a 12-month price target of $8.
September 11, 2024 | 8:46 pm
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NEGATIVE IMPACT
Trump Media & Technology Group Corp. shares fell as investors reacted to the perception that Kamala Harris won the debate against Donald Trump.
The stock's decline is directly linked to the debate outcome, which was perceived as unfavorable for Trump.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Phunware, Inc. shares declined following the debate, reflecting investor sentiment that Kamala Harris outperformed Donald Trump.
Phunware's stock decline is associated with the debate outcome, which was seen as negative for Trump-linked stocks.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Rumble's stock fell after the debate, despite setting records for live viewership and bandwidth. The stock is down over 11% in the past month and trades below its 50-day moving average. Analysts have a neutral outlook with a price target of $8.
Rumble's stock decline is linked to the debate outcome, but the company achieved significant viewership milestones. The stock's recent performance and analyst ratings suggest a neutral short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100