financetom
Business
financetom
/
Business
/
Why Rumble Stock Is Rising Monday: 'Laser-Focused' On Gaming, Crypto Expansion
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Why Rumble Stock Is Rising Monday: 'Laser-Focused' On Gaming, Crypto Expansion
Nov 25, 2024 11:07 AM

Rumble Inc ( RUM ) shares are trading higher Monday after the company announced that streamer Dr. Disrespect will provide exclusive content to Rumble Premium and lead Rumble Gaming as an advisor.

What Happened: Rumble announced Monday morning that Dr. Disrespect will begin streaming his content on the Rumble platform as part of an agreement that includes equity with milestones as a majority of its compensation.

Dr. Disrespect is set to provide exclusive content to Rumble Premium for his “Champions Club” community and lead Rumble Gaming, acting as an advisor and helping build the Rumble Gaming community.

Dr. Disrespect will make his Rumble debut on Dec. 2. Rumble will be offering a $10 discount for new subscribers to his community as part of the launch.

“Rumble is in a new era, and I’m laser-focused on expanding into two categories: gaming and crypto. Dr Disrespect will give a much-needed injection into our gaming category,” said Chris Pavlovski, chairman and CEO of Rumble.

See Also: Trump’s Commerce Secretary Pick Howard Lutnick’s Fund Owns $1.19B In Nvidia, $804M In Tesla: Here Is A Look At His Portfolio

How To Buy RUM Stock

By now you're likely curious about how to participate in the market for Rumble – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share.

In the case of Rumble, which is trading at $7.23 as of publishing time, $100 would buy you 13.83 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

RUM Price Action: Rumble shares were up 13.3% at $7.35 at the time of publication, according to Benzinga Pro.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Market Chatter: Brookfield Says It Can Triple Size of PE Business In Five Years
Market Chatter: Brookfield Says It Can Triple Size of PE Business In Five Years
Jun 5, 2024
09:27 AM EDT, 06/05/2024 (MT Newswires) -- Brookfield Asset Management ( BAM ) can triple the size of its private equity unit in the next five years, said Anuj Ranjan, the head of the business, in an interview with Bloomberg TV. Expansion will be driven by North America and Western Europe, while Brookfield is also excited about opportunities in the...
ASML shares rise on CFO Dassen's comments on orders
ASML shares rise on CFO Dassen's comments on orders
Jun 5, 2024
AMSTERDAM (Reuters) - ASML shares rose on Wednesday after a Jefferies analyst report cited comments from CFO Roger Dassen which suggested he was positive about the possibility of orders coming through from top customer TSMC in the coming quarters. An ASML spokesperson confirmed the CFO had spoken at a Jefferies-hosted call with investors. ASML's shares rose 6.3% to 927.10 euros...
Update: Market Chatter: NBA Nearing $76 Billion Deal with Amazon, ESPN, NBC
Update: Market Chatter: NBA Nearing $76 Billion Deal with Amazon, ESPN, NBC
Jun 5, 2024
09:27 AM EDT, 06/05/2024 (MT Newswires) -- (Updates with details after the first paragraph.) The National Basketball Association is closing in on television deals with Comcast's ( CMCSA ) NBC, Disney's ( DIS ) ESPN ( DIS ), and Amazon.com ( AMZN ) that would bring in roughly $76 billion in media revenue over 11 years, The Wall Street Journal...
Nano-X Imaging Unit Launching AI Feature in Second Opinions Platform
Nano-X Imaging Unit Launching AI Feature in Second Opinions Platform
Jun 5, 2024
09:31 AM EDT, 06/05/2024 (MT Newswires) -- Nano-X Imaging ( NNOX ) said Wednesday its Nanox AI medical imaging analytics unit has launched artificial intelligence capabilities in the Second Opinions online service. The new functionality will be used for people who submit chest and abdominal CT scans for second opinions on the platform, which connects patients with radiologists and doctors...
Copyright 2023-2026 - www.financetom.com All Rights Reserved