Short interest for Rumble gives investors a sense of the degree to which investors are betting on the decline of Rumble's stock. Short interest data is updated every two weeks.

Rumble Stock (NASDAQ:RUM), Short Interest Report

Rumble

Rumble Inc is a free-to-use video-sharing platform where users can watch, share, like, comment, and upload their own videos. Users can subscribe to channels to stay in touch with recent creator content and access video-on-demand uploaded, and live content streamed, by creators. Geographically, it generates a majority of its revenue from the United States.

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Shares of  Nuvve Holding Corp. (NASDAQ: NVVE) fell sharply during Monday’s session after the company reported worse-than-expected fourth-quarter financial results.

Why Nuvve Holding Shares Are Trading Lower By Around 30%? Here Are Other Stocks Moving In Monday&#39;s Mid-Day Session

Options

Trading stock options takes timing, especially when based on chart patterns. One of the key frustrations with directional options trades happens when the expected move takes place after an upcoming options expiration. Traders should have the ability to reassess their premises for taking and staying in a trade and make necessary and timely adjustments.

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Portland,,Or,,Usa,-,Jan,14,,2022:,Rumble,Mobile,App

Analyst Color

Social Media

Reiteration

Analyst Ratings

Rumble had user growth in the fourth quarter, but saw weaker-than-expected engagement and monetization. One analyst offers a take.

Rumble Shares Down On Q4 Report, Guidance, Analyst Says &#39;Engagement And Monetization Were Weaker Than Expected&#39;

Rumble Inc

Rumo SA

RUMBLE RESOURCES LTD by Rumble Resources Ltd.

Rumble Resources Ltd

RumbleON Inc

<p>Truist Securities  analyst Barry Jonas   downgrades PlayAGS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGS#NYSE">AGS</a>) from Buy to Hold and lowers the price target from $13 to $12.5.</p>


Downgrades

Price Target

Truist Securities Downgrades PlayAGS to Hold, Lowers Price Target to $12.5

Biotech

Health Care

General

BBIO

BridgeBio Pharma Presents Additional Data and Analyses from its Phase 3 ATTRibute-CM Study in Transthyretin Amyloid Cardiomyopathy, Including That Acoramidis Treatment Significantly Reduced All-Cause Mortality in a Pre-specified Sensitivity Analysis

WIIM

RPHM

Reneo Pharmaceuticals shares are trading higher after the company entered a merger agreement with OnKure.

TVGN

Tevogen Bio Holdings shares are trading higher after the company announced that it entered into a binding term sheeting with an existing investor to secure up to $50 million of financing.

Reneo-OnKure Combined Co. Expected To Have ~$120M Of Cash, Cash Equivalents And Short-Term Investments At Closing

Earnings

Guidance

AVTX

Avalo Therapeutics' Cash On Hand Of Approximately $110M As Of March 31, 2024 With Expected Cash Runway Into 2027

<p>Raymond James  analyst Robert Dodd   downgrades Morgan Stanley Direct (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSDL#NYSE">MSDL</a>) from Outperform to Market Perform.</p>


MSDL

Raymond James Downgrades Morgan Stanley Direct to Market Perform

<p><strong>Patterson-UTI Energy, Inc.</strong>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTEN#NASDAQ">PTEN</a>) disclosed that its subsidiary, Patterson-UTI International Holdings, Inc., inked a non-binding&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/ac38781395/patterson-uti-signs-term-sheet-to-partner-with-adnoc-drilling-in-the-uae" rel="noreferrer noopener">term sheet with ADNOC Drilling</a>.</p>
<p>As per the deal, Patterson-UTI expects to hold a minority equity interest in Turnwell Industries LLC OPC, which was recently formed by ADNOC Drilling.&nbsp;</p>
<p>Patterson-UTI projects that Schlumberger Middle East SA will also hold a minority equity interest in Turnwell,&nbsp;which won&nbsp;a $1.7 billion contract to drill and complete 144 unconventional wells for ADNOC in UAE. Schlumberger Middle East SA is a subsidiary of&nbsp;<strong>Schlumberger N.V.&nbsp;</strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>).</p>
<p>In exchange for the minority equity interest, Patterson-UTI plans to offer drilling, completion, and other oilfield service expertise to Turnwell and a limited cash contribution to fund the portion of working capital.&nbsp;</p>
<p>Andy Hendricks, Patterson-UTI&#8217;s Chief Executive&nbsp;Officer,&nbsp;said, &#8220;We are pleased that ADNOC Drilling recognizes Patterson-UTI as a premier drilling and completions company and technology leader, and we look forward to reaching an agreement to bring our expertise to the initial phase of this groundbreaking project.&#8221;&nbsp;</p>
<p>&#8220;I am excited about this potential opportunity to allow Patterson-UTI to grow our presence in the Middle East&nbsp;in a&nbsp;capital efficient&nbsp;manner, as we do not expect&nbsp;to initially contribute any capital equipment.&nbsp;We also do not expect this opportunity to change our previously announced capital expenditure budget or impact our expectation to return at least $400 million to shareholders in 2024 through dividends and share repurchases.&#8221;</p>
<p>This month, the company&nbsp;reported&nbsp;an average of 116 drilling rigs operating&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/ac38656746/patterson-uti-reports-drilling-activity-for-april-2024" rel="noreferrer noopener">in the United States for&nbsp;April 2024</a>.</p>
<p>Investors can gain exposure to the stock via&nbsp;<strong>Invesco S&amp;P SmallCap Energy ETF</strong>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSCE#NASDAQ">PSCE</a>) and&nbsp;<strong>VanEck Oil Services ETF</strong>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OIH#NYSE">OIH</a>).</p>
<p><strong>Price Action</strong>: PTEN shares closed lower by 2.42% at $10.89 on Friday.</p>
<p><em>Photo via Shutterstock</em></p>


Equities

PSCE

PTEN

Patterson-UTI Drills Into Middle East With ADNOC Partnership

Reneo Pharmaceuticals And OnKure Enter Definitive Merger To Combine In All-Stock Transaction; Reneo Stockholders Expected To Own ~31%, OnKure Shareholders To Own ~69%, Expected To Close In 2024

NPWR

NET Power Reports Q1 Results And Provides Business Update; Company Ended The Quarter With ~$625M Of Cash And Short-Term Investments And No Debt

<p>Akoustis Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKTS#NASDAQ">AKTS</a>) (&quot;Akoustis&quot; or the &quot;Company&quot;), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, today announced third fiscal quarter results for the period ended March 31, 2024. Revenue was up&nbsp;7%&nbsp;quarter-over-quarter to&nbsp;$7.5 million, including&nbsp;13%&nbsp;growth sequentially in filter related revenue.</p>
<p>Based on hundreds of active customers, robust activity in the sales and design win pipelines, and the semiconductor services business, as well as new product introductions in Wi-Fi 6E/7 and 5G infrastructure the Company expects between&nbsp;$7.0&nbsp;to&nbsp;$7.5 million&nbsp;in sales revenue in the June quarter.</p>
<p>We continue to take significant expense reductions and cost-saving measures that have resulted in a&nbsp;31%&nbsp;reduction in our operating cash flow burn rate for the March quarter as compared to December. Given the top-line projections, the refund from the CHIPS Act investment tax credit (ITC), and our continued cost savings, we currently expect operating cash flow to be breakeven within the next nine months.</p>


AKTS

Akoustis Technologies Expects Q4 Revenue of $7.0M-$7.5M Vs $10.32M Est

<p>Raymond James  analyst Andrew Marok   initiates coverage on Ibotta (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBTA#NYSE">IBTA</a>) with a Outperform rating and announces Price Target of $125.</p>


Initiation

IBTA

Raymond James Initiates Coverage On Ibotta with Outperform Rating, Announces Price Target of $125

<p>HSBC  analyst Achal Kumar   initiates coverage on Southwest Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) with a Hold rating and announces Price Target of $27.8.</p>


HSBC Initiates Coverage On Southwest Airlines with Hold Rating, Announces Price Target of $27.8

<p>You&#8217;re not alone if you&#8217;re struggling to get your child to eat enough veggies. Picture this: arms folded, lips tightly closed, plates being pushed away, and a firm &#8220;no&#8221; to every attempt at introducing carrots or berries. It&#8217;s a common scene. A 2021 CDC report reveals that 49% of American children between the ages of 1 and 5 don&#8217;t eat vegetables daily, and 32% skip their fruits too.</p>
<p>Fear not if you find yourself in the same predicament, struggling to get your toddlers to eat their greens and fruits. Here are five crafty ways to sneak those veggies and fruits into their diet without them resenting you for it.</p>
<h3 class="wp-block-heading"><strong>Master the Art of Disguise with Veggies and Fruits</strong></h3>
<p><figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09081941/kids-eating-fruits-and-vegetables-3-1024x576.jpeg" alt="Sometimes, the best way to get kids to eat their veggies is to sneak them into foods they already know and love. Image: Dall-E 3" class="wp-image-330384" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09081941/kids-eating-fruits-and-vegetables-3-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09081941/kids-eating-fruits-and-vegetables-3-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09081941/kids-eating-fruits-and-vegetables-3-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09081941/kids-eating-fruits-and-vegetables-3.jpeg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Sometimes, the best way to get kids to eat their veggies is to sneak them into foods they already know and love. Image: Dall-E 3</figcaption></figure></p>
<p>Why not sneak those fruits and veggies into meals your kids already love? It&#8217;s a simple trick to help them up their intake and ward off chronic diseases. Try blending carrots or butternut squash into muffins, pasta sauces, or even meatloaf. You can mix pureed sweet potatoes into pancake batter or add them to smoothies along with carrots or spinach. Ever thought about mixing cauliflower into mashed potatoes? You can even sneak grated zucchini into burgers, bread, and muffins, or blend beets, carrots, or spinach into your next batch of brownies or chocolate cake.</p>
<h3 class="wp-block-heading"><strong>Turn Cooking into a Team Sport</strong></h3>
<p><figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09083141/kids-eating-fruits-and-vegetables-6-1024x576.jpeg" alt="Kids are more likely to try new foods if they help make them. Image: Dall-E 3" class="wp-image-330410" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09083141/kids-eating-fruits-and-vegetables-6-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09083141/kids-eating-fruits-and-vegetables-6-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09083141/kids-eating-fruits-and-vegetables-6-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09083141/kids-eating-fruits-and-vegetables-6.jpeg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Kids are more likely to try new foods if they help make them. Image: Dall-E 3</figcaption></figure></p>
<p>Get your kids involved in meal prep to pique their interest in trying new foods. Studies show that kids are more likely to eat something they&#8217;ve helped make. So, grab an apron and a stool, and let your little chef take part in the action. It&#8217;s a great way to teach them valuable life skills and make mealtime fun.</p>
<h3 class="wp-block-heading"><strong>Make Grocery Shopping a Learning Experience</strong></h3>
<p><figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09082456/kids-eating-fruits-and-vegetables-2-1024x576.jpeg" alt="Kids love exploring, so let them explore the produce section. Image: Dall-E 3" class="wp-image-330391" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09082456/kids-eating-fruits-and-vegetables-2-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09082456/kids-eating-fruits-and-vegetables-2-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09082456/kids-eating-fruits-and-vegetables-2-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09082456/kids-eating-fruits-and-vegetables-2.jpeg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Kids love exploring, so let them explore the produce section. Image: Dall-E 3</figcaption></figure></p>
<p>Take your kids along when you shop and turn it into an educational outing. Let them pick out fruits and veggies in their favorite colors, touch, and smell the produce, and discover the variety available. They&#8217;re more likely to eat what they&#8217;ve personally selected.</p>
<h3 class="wp-block-heading"><strong>Grow Your Greens (and Reds, and Yellows)</strong> </h3>
<p><figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09082707/kids-eating-fruits-and-vegetables-4-1024x576.jpeg" alt="Growing their own food is a great way for kids to learn about science and nature while developing new skills. Image: Dall-E 3" class="wp-image-330397" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09082707/kids-eating-fruits-and-vegetables-4-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09082707/kids-eating-fruits-and-vegetables-4-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09082707/kids-eating-fruits-and-vegetables-4-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09082707/kids-eating-fruits-and-vegetables-4.jpeg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Growing their own food is a great way for kids to learn about science and nature while developing new skills. Image: Dall-E 3</figcaption></figure></p>
<p>Involve your children in gardening to teach them about science and nature while developing their green thumbs. From planting seeds to harvesting crops like purple potatoes or corn, gardening can make kids proud of their efforts and excited to eat their bounty. It&#8217;s a hands-on experience that they won&#8217;t forget.</p>
<h3 class="wp-block-heading"><strong>Go Big with Fruits and Veggies</strong></h3>
<p><figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09082853/kids-eating-fruits-and-vegetables-5-1024x576.jpeg" alt="Sometimes, a bigger portion or just giving kids a whole fruit or veggie can pique their curiosity. Image: Dall-E 3" class="wp-image-330405" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09082853/kids-eating-fruits-and-vegetables-5-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09082853/kids-eating-fruits-and-vegetables-5-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09082853/kids-eating-fruits-and-vegetables-5-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09082853/kids-eating-fruits-and-vegetables-5.jpeg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Sometimes, a bigger portion or just giving kids a whole fruit or veggie can pique their curiosity. Image: Dall-E 3</figcaption></figure></p>
<p>Sometimes, bigger really is better. Offering fruits and vegetables in larger sizes or as whole pieces can spark curiosity in your kids. A Penn State study found that kids eat more veggies when their plates have larger portions. However, always ensure the food size and form are safe for your child&#8217;s age and ability to chew and swallow.</p>



5 Fun But Sneaky Tips To Make Your Kids Crave Greens Instead Of Candy

Redwire Announces Development Of Its Phantom VLEO Spacecraft Platform

<p>During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>. </p>
<p>Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.</p>
<p>Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector.</p>
<h3 class="wp-block-heading"><strong>Genco Shipping &amp; Trading Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>)</strong></h3>
<ul>
<li><strong>Dividend Yield:</strong> 4.95%</li>
<li><strong>Jefferies </strong>analyst Omar Nokta maintained a Buy rating and increased the price target from $26 to $27 on May 9. This analyst has an accuracy rate of 80%.</li>
<li><strong>Stifel </strong>analyst Benjamin Nolan maintained a Buy rating and raised the price target from $22 to $23 on April 19. This analyst has an accuracy rate of 75%.</li>
<li><strong>Recent News:</strong> On May 8, Genco Shipping &amp; Trading posted downbeat quarterly earnings.</li>
</ul>
<h3 class="wp-block-heading"><strong>Star Bulk Carriers Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBLK#NASDAQ">SBLK</a>)</strong></h3>
<ul>
<li><strong>Dividend Yield:</strong> 5.53%</li>
<li><strong>Stifel </strong>analyst Benjamin Nolanmaintained a Buy rating and raised the price target from $76 to $83 on Feb. 14. This analyst has an accuracy rate of 75%.</li>
<li><strong>Jefferies </strong>analyst Omar Noktamaintained a Buy rating and boosted the price target from $22 to $24 on Nov. 30, 2023. This analyst has an accuracy rate of 80%.</li>
<li><strong>Recent News:</strong> On April 9, Star Bulk completed merger with Eagle Bulk.</li>
</ul>
<h3 class="wp-block-heading"><strong>Trinity Industries, Inc. </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRN#NYSE">TRN</a>)</h3>
<ul>
<li><strong>Dividend Yield:</strong> 3.59%</li>
<li><strong>TD Cowen </strong>analyst Matt Elkott maintained a Buy rating and raised the price target from $30 to $33 on May 2. This analyst has an accuracy rate of 74%.</li>
<li><strong>Wells Fargo </strong>analyst Allison Poliniak maintained an Overweight rating and raised the price target from $27 to $31 on Aug. 2, 2023. This analyst has an accuracy rate of 68%.</li>
<li><strong>Recent News:</strong> On May 1, Trinity Industries reported better-than-expected first-quarter financial results.</li>
</ul>
<p>Read More: <a href="https://www.benzinga.com/news/24/05/38759538/how-to-earn-500-a-month-from-home-depot-stock-ahead-of-q1-earnings">How To Earn $500 A Month From Home Depot Stock Ahead Of Q1 Earnings</a></p>


Long Ideas

Dividends

Pre-Market Outlook

SBLK

These 3 Industrials Stocks With Over 3% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts

<p>HSBC  analyst Achal Kumar   initiates coverage on American Airlines Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) with a Buy rating and announces Price Target of $17.9.</p>


HSBC Initiates Coverage On American Airlines Gr with Buy Rating, Announces Price Target of $17.9

VRCA

As Of March 31, 2024, Verrica Pharmaceuticals Had Cash And Cash Equivalents Of $48.9M Expected To Provide Cash Runway Into The First Quarter Of 2025

INKT

MiNK Therapeutics shares are trading higher after the company announced plans to sell securities in a private placement financing for $5.8 million. The financing is earmarked for accelerating its MiNK-215 clinical trials.

<p>Akoustis Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKTS#NASDAQ">AKTS</a>) reported quarterly losses of $(0.14) per share which missed the analyst consensus estimate of $(0.12) by 16.67 percent.  The company reported quarterly sales of $7.510 million which missed the analyst consensus estimate of $8.553 million by 12.19 percent.  This is a 2.09 percent increase over sales of $7.356 million the same period last year.</p>


Earnings Misses

Akoustis Technologies Q3 2024 Adj EPS $(0.14) Misses $(0.12) Estimate

Warning: RUM is at high risk of performing badly

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><strong>Trump Media &amp; Technology</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/djt-stock-quote/"><strong>DJT</strong></a></span><span><a href="https://investorplace.com/cryptocurrency//"></a></span><span><a href="https://investorplace.com/stock-quotes/-stock-quote/"></a></span>) filed <a href="https://www.nytimes.com/2024/04/15/business/trump-media-stock.html">a 21 million-share secondary offering</a>, which caused DJT stock to fall another 18%.</p>



<p>A secondary offering of stock has the effect of watering down the shares of existing shareholders. The company currently has 136.7 million shares outstanding.</p>



<p>DJT opened for trade this morning at $27 per share, a market capitalization of about $3.8 billion.</p>



<h2>An Old Story</h2>



<p>Since the 19th century, corporations have sold new shares to reduce the value of a potential dissenter&rsquo;s stake.</p>



<p>As Digital World Acquisition, a special purpose acquisition company (SPAC) that traded as DWAC, Trump Media has been <a href="https://investorplace.com/2023/08/dwac-stock-alert-did-trump-just-kill-the-truth-social-deal/">actively traded for years</a>. Other companies tied to the former president&rsquo;s political movement, like <strong>Phunware</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/phun-stock-quote/"><strong>PHUN</strong></a></span>) and <strong>Rumble</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/rum-stock-quote/"><strong>RUM</strong></a></span>), also had <a href="https://investorplace.com/2021/12/phun-stock-the-trump-pump-is-over-for-phunware/">brief run-ups </a>before falling. Trump Media rose sharply in its first days after de-SPACing <a href="https://investorplace.com/2024/03/djt-stock-alert-7-things-to-know-as-trump-media-technology-group-starts-trading-today/">last month</a> but has since fallen steadily.</p>



<p>The most recent example of this &ldquo;stock watering&rdquo; came in 1956 from MinuteMaid, in which singer <a href="https://en.wikipedia.org/wiki/Watered_stock">Bing Crosby</a> then held a stake. (Minute Maid is now part of <strong>The Coca-Cola Co.</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/ko-stock-quote/"><strong>KO</strong></a></span>)) Trump Media is tied to presidential candidate Donald Trump and has <a href="https://www.cnn.com/2024/04/15/investing/trump-stock-new-shares/index.html">few assets</a> beyond his name.</p>



<p>The secondary offering is just one part of the company&rsquo;s <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318234346&amp;type=HTML&amp;symbol=DJT&amp;cdn=e520748c860a0e2e9edc8870eb619225&amp;companyName=Trump+Media+%26+Technology+Group+Corp.&amp;formType=S-1&amp;formDescription=Registration+statement+under+Securities+Act+of+1933&amp;dateFiled=2024-04-15">most recent S-1 filing</a> with the SEC. It notes that over 146 million additional shares could be sold <a href="https://www.barrons.com/articles/djt-stock-ownership-sales-31c6586b">once warrants are exercised</a>. The warrants trade separately as <strong>Digital World Acquisition </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/djtww-stock-quote/"><strong>DJTWW</strong></a></span>) and are currently worth $11.50 each. Trump also has 36 million shares given as an &ldquo;earnout&rdquo; bonus based on DJT&rsquo;s stock price. Once his warrants are exercised, Trump could have a 65% share of the company&rsquo;s stock.</p>



<p>Trump Media would not profit from the shares being sold by investors. It could receive cash from the exercise of the warrants, amounting to tens of millions of dollars.</p>



<h2>DJT Stock: What Happens Next?</h2>



<p>DJT stock could rise near the end of its lock-up period, allowing Trump to exercise his warrants at a profit. Small investors looking to get out might sell into that strength.</p>



<p><em>On the date of publication, Dana Blankenhorn did not hold (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em></p>
<div><p><a href="http://www.danablankenhorn.com/">Dana Blankenhorn</a> has been a financial and technology journalist since 1978. He is the author of <a href="https://www.amazon.com/Technologys-Big-Bang-Yesterday-Tomorrow-ebook/dp/B0829C7XSF">Technology&rsquo;s Big Bang: Yesterday, Today and Tomorrow with Moore&rsquo;s Law</a>, available at the Amazon Kindle store. Tweet him at <a href="http://www.twitter.com/danablankenhorn">@danablankenhorn</a>, connect with him on <a href="https://journa.host/@DanaBlankenhorn"> Mastodon</a> or subscribe to his <a href="https://danafblankenhorn.substack.com/">Substack</a>.</p></div><h3>More From InvestorPlace</h3>
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	<p>The post <a href="https://investorplace.com/2024/04/djt-stock-21-million-reasons-trump-media-shares-are-struggling-to-stay-afloat/">DJT Stock: 21 Million Reasons Trump Media Shares Are Struggling to Stay Afloat</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

DJT Stock: 21 Million Reasons Trump Media Shares Are Struggling to Stay Afloat

Trump Media rolling out live streaming; stock slips again

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>The penny stock sector, characterized by its volatility, often undergoes rapid surges and declines due to factors like low volume, cheap pricing, and operational dynamics. Still, for well-informed investors, certain <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> present opportunities to achieve substantial gains at low costs. This backdrop forms my list of penny stocks to buy now.</p>



<p>Recent trends indicate a high probability of consecutive rate cuts in 2024, and lower rates tend to kickstart boom cycles for penny stocks. With rates projected to stay around the low 5% range for the rest of 2024 before dropping to the high 4s next year, compared to the current rate of 5.5%, even modest improvements could send penny stock segments surging.</p>



<p>So here are seven penny stocks to buy now.</p>



<h2><strong>Destination XL Group (DXLG)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/retail-workers-300x169.png" alt="Retail workers checking produce at a grocery store."><div>Source: ESB Professional / Shutterstock.com</div></div><p><strong>Destination XL Group</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/dxlg-stock-quote/"><strong>DXLG</strong></a>) is unique among penny stocks because, unlike so many unprofitable or speculative firms, Destination XL Group is a longstanding retailer with a proven business model and operational success. The company, which sells &ldquo;big and tall&rdquo; men&rsquo;s clothing, saw sales slump slightly throughout 2023 &ndash; but not enough to justify current valuation levels.</p>



<p>A few weeks ago, <a href="https://investor.dxl.com/news-releases/news-release-details/destination-xl-group-inc-reports-fiscal-2023-fourth-quarter-and">Destination XL posted</a> fourth-quarter and end-of-year results that saw the company&rsquo;s adjusted earnings hit $0.10 per share for the quarter and $.50 for the year. While respectable, considering 2023&rsquo;s retail shopping fluctuations, it also marked a 16% and 20% drop from the prior period, respectively. Still, the company&rsquo;s 10.7% EBITDA margin is nothing to sneeze at &ndash; though Wall Street seemingly thought otherwise, as shares dipped about 10% after the report.</p>



<p>That represents a slim 6x price-to-earnings ratio and, better yet, a share price of just 0.42x sales. Likewise, the company&rsquo;s quality cash management (it carries no debt) lets management keep buybacks high. Destination XL&rsquo;s total yield is 12.52% &ndash; in other words, all things considered, this makes it one of those penny stocks to buy now.</p>



<h2><strong>Connexa Sports Technologies (CXNA)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/penny-stocks-300x169.png" alt="Stacks of pennies representing penny stocks. Nano-Cap Penny Stocks"><div>Source: John Brueske / Shutterstock.com</div></div><p><strong>Connexa Sports Technologies </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/cnxa-stock-quote/"><strong>CNXA</strong></a>) is a unique penny stock capitalizing on emerging sports trends. More specifically, the company&rsquo;s proprietary Slinger Bag targets unique intersections of sports popularity and region-specific trends by selling custom equipment for pickleball (increasingly popular in the US), padel (a Mexican racket sport), and perennially popular tennis. These niche verticals are unique enough to target directly through quality ad campaigning but popular and widespread enough to ensure product longevity and market growth. This sets Connexa up as a serious growth penny stock to capture renewed outdoor sports enthusiasm as we move into the spring and summer months.</p>



<p>Connexa came under <a href="https://www.connexasports.com/wp-content/uploads/2023/11/Connexa-Shareholder_Ltr_Nov28_9am2023.pdf">fire from short sellers</a> throughout 2023, pushing per-share pricing down more than 70% and forcing a reverse stock split. Despite this, new strategic investors <a href="https://www.connexasports.com/wp-content/uploads/2024/03/Connexa-Shareholder-Ltr-7-March-2024.pdf">stepped up to the pitch</a> to save Connexa Sports Technologies &ndash; and shares of the stock surged more than 500% in the past month in reaction. In other words, there&rsquo;s a lot of momentum behind this penny stock&rsquo;s prospects.</p>



<h2>The Metals Company (TMC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/penny-stocks-1600-300x169.jpg" alt="A concept image of a penny sitting on a stock chart"><div>Source: Billion Photos / Shutterstock.com</div></div><p>I looked at <strong>The Metals Company</strong>&nbsp;(NASDAQ:<strong><a href="https://investorplace.com/stock-quotes/tmc-stock-quote/">TMC</a></strong>) briefly <a href="https://investorplace.com/2024/04/3-rock-solid-stocks-to-buy-now-for-100-gains-by-2025/">last week</a>, primarily from the perspective that recent <a href="https://investorplace.com/2024/04/3-rock-solid-stocks-to-buy-now-for-100-gains-by-2025/">Congressional legislation</a> could be a boon to the deep-sea metals mining company. But renewed institutional interest in sourcing valuable metals and minerals (necessary for pretty much all of today&rsquo;s tech) from the ocean isn&rsquo;t the only thing keeping this penny stock afloat.</p>



<p>The company recently brought a new <a href="https://investors.metals.co/news-releases/news-release-details/steve-jurvetson-renowned-silicon-valley-investor-joins-tmcs">board member</a>, Steve Jurvetson, to the team as Vice Chairman and &ldquo;special advisor&rdquo; to the CEO. Jurvetson&rsquo;s background includes early investments or board positions with <strong>SpaceX</strong>, <strong>Tesla</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/"><strong>TSLA</strong></a>), <strong>Planet Labs</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/pl-stock-quote/"><strong>PL</strong></a>), and more. While I&rsquo;m averse to hinging company hopes on a solo savior, Jurvetson&rsquo;s background in helping develop small, speculative, untested companies&rsquo; full potential could be game-changing for the deep sea mining penny stock.</p>



<p>One of the company&rsquo;s current sticking points is its <a href="https://investors.metals.co/static-files/5d3e95e5-9fe7-4e86-a783-291b3f8d1a12">cash position</a>&mdash;sea mining exploration is a costly endeavor that takes time to bear fruit (if it does at all). The Metals Company has enough cash and credit liquidity to last another year or so at current spending levels. Still, look for imminent strategic investment developments on the horizon, as I think a major benefit to Juvetson&rsquo;s board appointment will include his Silicon Valley connections to ready capital and deep pockets.</p>



<h2><strong>ChargePoint (CHPT)</strong></h2>



<a href="https://investorplace.com/wp-content/uploads/2023/02/shutterstock_1048927511-scaled-e1677265445318.jpg"><img width="300" height="188" src="https://investorplace.com/wp-content/uploads/2023/02/shutterstock_1048927511-scaled-e1677265445318-300x188.jpg" alt="Energy Storage. battery stocks"></a><p><strong>ChargePoint</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/chpt-stock-quote/"><strong>CHPT</strong></a>) remains somewhat of a dark horse among penny stocks. The company (and shareholders) endured significant hardships in 2023, with ongoing bearish sentiment keeping its shares low. Critics highlight issues such as decelerating installation rates, liquidity concerns, and challenges competing with Tesla&rsquo;s expansive charging network&mdash;each a valid criticism. But shifting economic winds, including interest rate cut expectations, could prove to be what the penny stock needs to secure a rebound.</p>



<p>ChargePoint CEO Rick Wilmer has characterized the recent quarters as a &ldquo;wait and see&rdquo; period rather than a full-blown operational decline. Looking ahead to 2024, he <a href="https://www.bloomberg.com/news/articles/2024-01-08/ev-charging-firms-to-struggle-with-finances-investment-in-2024">commented</a>, &ldquo;It&rsquo;s getting better, as we&rsquo;re getting more and more data around the economy, and it appears we&rsquo;re heading for a soft landing.&rdquo; </p>



<p>Competing in electrical charger installation, especially against a behemoth like Tesla that offsets costs through car sales, is an expensive venture. Still, renewed EV sales and possible rate cuts could open up new liquidity opportunities for ChargePoint and kickstart the company&rsquo;s expansion. This makes it one of those penny stocks to buy now.</p>



<h2><strong>Desktop Metal (DM)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/08/penny-stocks-1600-300x169.jpg" alt="Page of newspaper with words penny stocks. Undervalued Penny Stocks"><div>Source: Vitalii Vodolazskyi / Shutterstock.com</div></div><p><strong>Desktop Metal Inc</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/dm-stock-quote/"><strong>DM</strong></a>) is on a run recently as the 3D-printing stock popped more than 30% since January 1st. Though trading well below past highs, the penny stock is set to expand its horizons beyond the basics by targeting new audience segments with rich growth potential.</p>



<p>Recently, Desktop Metal&rsquo;s healthcare-focused subsidiary, Desktop Health, launched an <a href="https://ir.desktopmetal.com/news/press-releases/detail/180/desktop-health-launches-scanup-digital-dentistry">extensive initiative</a> named ScanUp, targeting dental professionals to transition their practices into the digital age. Given that &ldquo;half of the dentists in the United States have not yet adopted intraoral scanning,&rdquo; this foundational step towards dental digitization opens a large, untapped market for Desktop Metal. The ScanUp platform, requiring an initial 36-month commitment, promises to generate more predictable, recurring revenue.</p>



<p>Ending 2023, Desktop Metals <a href="https://www.businesswire.com/news/home/20240315314376/en/Desktop-Metal-Announces-Fourth-Quarter-and-Full-Year-2023-Financial-Results/">significantly reduced</a> its net loss to $323.4 million from $740.3 million in 2022. While it is still progressing toward profitability, Desktop Metal remains a high-risk but potentially high-reward investment opportunity as a penny stock within the growing 3D-printing sector.</p>



<h2>Rumble (RUM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/11/globe-300x169.jpg" alt="7 Stocks to Buy That Save You Money"><div>Source: Shutterstock</div></div><p><strong>Rumble</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/rum-stock-quote/"><strong>RUM</strong></a>) shares have soared nearly 50% since January 1st, setting it apart as a high-momentum penny stock in a relatively stagnant social media sector. The surge in shares comes partly from the company&rsquo;s <a href="https://investorplace.com/2024/03/rum-stock-alert-rumble-offers-to-buy-tiktok-as-potential-u-s-ban-looms/">provisional offer</a> to acquire TikTok. Still, Rumble&rsquo;s standing as a top video-centric social media stock isn&rsquo;t solely dependent on the success of this acquisition. Demonstrating an acute understanding of user preferences, Rumble <a href="https://seekingalpha.com/news/4057508-trump-friendly-rumble-platform-extends-gains-on-barstool-deal">has partnered</a> with Barstool Sports to provide &ldquo;access to all Barstool Sports content&hellip;including live streams.&rdquo;</p>



<p>Historically catering to right-of-center users, Rumble&rsquo;s attempt to buy TikTok and its partnership with Barstool Sports indicate a strategic push to attract a broader audience. This move seems to be paying off. The company&rsquo;s <a href="https://s3.amazonaws.com/b2icontent.irpass.cc/2730/rl132667.pdf">end-of-year report</a> highlights include revenue more than doubling since 2022 to $81 million and a 16% pop in monthly active users &ndash; the relative disparity means that advertisers see Rumble&rsquo;s core constituency as worth targeting, and sales should spike further as Rumble&rsquo;s attempt to spread its wings bears out.</p>



<h2><strong>iRobot</strong>&nbsp;(<strong>IRBT</strong>)</h2>



<a href="https://investorplace.com/wp-content/uploads/2024/03/irobot.png"><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/irobot-300x169.png" alt="IRBT short-squeeze stocks"></a><p>Although its per-share price of about $8 appears to exclude it from penny stock status, iRobot (NASDAQ:<a href="https://investorplace.com/stock-quotes/irbt-stock-quote/"><strong>IRBT</strong></a>) has a market cap of $229 million, smaller than several stocks on our list, including Desktop Metal and The Metals Company. Despite its small size, iRobot is poised as a possible comeback story of the year. Should circumstances shift in its favor, it could generate unstoppable momentum for this robotics stock, regardless of broader market conditions.</p>



<p>The failed acquisition <strong>Amazon</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/"><strong>AMZN</strong></a>) acquisition&rsquo;s value thesis centered around iRobot&rsquo;s robust patent and intellectual property portfolio. Despite a <a href="https://www.macrotrends.net/stocks/charts/IRBT/irobot/revenue">recent slowdown</a> in robotic vacuum sales, its advanced technology continues to attract potential acquirers and investors. With the robotics sector experiencing a renaissance, iRobot stands as one of the few household names well-positioned to capture significant attention from both institutional and retail investors as this trend unfolds.</p>



<p>Even without relying on merger and acquisition prospects, iRobot&rsquo;s future isn&rsquo;t bleak. Although sales are currently sluggish, the company is actively right-sizing its operations, aligning with the &ldquo;survive or die&rdquo; theme prevalent among small-cap stocks. It recently achieved a <a href="https://investor.irobot.com/news-releases/news-release-details/irobot-reports-fourth-quarter-and-full-year-2023-financial">26% improvement</a> in per-share earnings. Despite this boost, iRobot&rsquo;s stock trades at just <a href="https://equityset.com/stocks/nasdaq-irbt?tag=financials&amp;tab=key-ratios">0.37x sales</a>, presenting it as a unique value opportunity with substantial growth potential.</p>



<p><em>On the date of publication, Jeremy Flint held no positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the <a href="http://InvestorPlace.com">InvestorPlace.com</a> <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.</em></p>
<div><p>Jeremy Flint, an MBA graduate and skilled finance writer, excels in content strategy for wealth managers and investment funds. Passionate about simplifying complex market concepts, he focuses on fixed-income investing, alternative investments, economic analysis, and the oil, gas, and utilities sectors. Jeremy&rsquo;s work can also be found at <a href="https://jeremyflint.work/">www.jeremyflint.work</a>.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/7-penny-stock-to-buy-now-q2-edition/">7 Penny Stocks to Buy Now: Q2 Edition</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

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<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Even as his legal future continues to look questionable, former President Donald Trump is eyeing a new business venture. Truth Social, <strong>Trump Media &amp; Technology Group&rsquo;s </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/djt-stock-quote/"><strong>DJT</strong></a></span>) social media platform, just announced <a href="https://finance.yahoo.com/news/truth-social-launch-streaming-platform-112400489.html">plans to launch</a> a media streaming service. The company claims to have concluded six months of Web and iOS&nbsp;testing and is preparing to begin its streaming rollout, which will consist of three phases.</p>



<p>This news hasn&rsquo;t helped Trump Media &amp; Technology Group so far. While DJT stock popped in premarket trading, shares have since slipped back into the red. Of course, things haven&rsquo;t been very good for this troubled company lately. But when news of a new product can&rsquo;t even spur even temporary growth for a stock, investors should be worried. </p>



<h2>What&rsquo;s Happening With DJT Stock? </h2>



<p>With Trump in the national spotlight as his <a href="https://www.nytimes.com/2024/04/15/nyregion/trump-criminal-hush-money-trial-takeaways.html">hush money trial</a> progresses, any company linked to the former president is likely to face turbulence. Yesterday, the week began with DJT stock plunging on news that the company had <a href="https://investorplace.com/2024/04/djt-stock-alert-trump-media-plunges-on-share-sale-panic/">filed for a share sale</a> with the U.S. Securities and Exchange Commission (<span>SEC</span>). Now, shares are falling another 10% and don&rsquo;t seem to be slowing down.</p>



<p>This recent announcement would have likely boosted a stronger company. But the fact that the market isn&rsquo;t reacting well to the streaming launch should tell investors everything they need to know about DJT stock.</p>



<p>CEO Devin Nunes discussed the streaming launch plans: </p>




<p>&ldquo;With our streaming content, we aim to provide a permanent home for high-quality news and entertainment that face discrimination by other channels and content delivery services [&hellip;] There is a lot of great content that simply can&rsquo;t find an audience for unjust reasons, and we want to let these creators know they&rsquo;ll soon have a guaranteed platform where they won&rsquo;t be cancelled.&rdquo;</p>




<p>Nunes&rsquo; comments may highlight exactly why this development isn&rsquo;t spurring growth. The CEO&rsquo;s logic assumes that there are no other channels for conservative and alternative media, but that just isn&rsquo;t true. Indeed, his description of what the streaming platform aims to be is extremely similar to <strong>Rumble</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/rum-stock-quote/"><strong>RUM</strong></a></span>) &mdash; the video-sharing platform that bills itself as <a href="https://www.theguardian.com/technology/2023/sep/20/what-is-rumble-the-video-sharing-platform-immune-to-cancel-culture">&ldquo;immune to cancel culture&rdquo;</a> and plays host to many alt-right talking heads. The content Nunes cites likely &ldquo;can&rsquo;t find an audience&rdquo; because there isn&rsquo;t a big enough body of interested viewers, not because the platform for it doesn&rsquo;t exist.</p>



<h2>Why It Matters</h2>



<p>Even if the streaming platform moves forward, there&rsquo;s something else investors should consider: The last time Trump Media tried to launch something, it didn&rsquo;t go well. Indeed, when Truth Social debuted in February 2022, the platform <a href="https://www.forbes.com/sites/petersuciu/2022/02/21/not-fake-news--truth-social-rollout-very-buggy/">featured many bugs</a> that took months to work out. As <em>The Washington Post</em> reported, this raised <a href="https://www.washingtonpost.com/technology/2022/02/22/trump-truth-social-disaster/">serious concerns</a> about the firm&rsquo;s growth potential. Years later, those concerns are still relevant as it prepares for another rollout. If the three-phase streaming launch is as disastrous as the Truth Social rollout, it will likely push down DJT stock even further.</p>



<p>Much of the buzz surrounding TMTG has been due to <a href="https://investorplace.com/2024/04/meme-investors-beware-trump-media-is-the-donalds-next-company-to-go-bankrupt/">meme stock hype</a>. As seasoned investors know, that type of momentum is often superficial and short-lived. It should be counted among the <a href="https://investorplace.com/2024/03/to-the-moon-or-to-the-trash-can-what-the-2024-presidential-election-means-for-dwac-stock/">many reasons not to bet</a> on shares. The possibility of bankruptcy still looms large and decisions like the recent share sale only serve to make things worse. Investors shouldn&rsquo;t expect the streaming venture to help this sinking ship. </p>



<p><em>On the date of publication, Samuel O&rsquo;Brient&nbsp;did not hold (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.</em></p>
<div><p>Samuel O&rsquo;Brient is a Reporter for InvestorPlace, where his work focuses primarily on financial markets, global economic trends, and public policy. O&rsquo;Brient writes a weekly column on recent political news that investors should be following.</p></div><h3>More From InvestorPlace</h3>
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ADTN

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CHPT

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DWACU

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IRBT

JACK

MARA

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Press Releases

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Rumble Stock (NASDAQ:RUM), Short Interest Report

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