Stock Track | Rumble Inc. (RUM) Soars 5.63% Amid Bullish Analyst Coverage and Cryptocurrency Optimism

Stock Track

Jan 17, 2025

Rumble Inc. (NASDAQ:RUM), a video-sharing platform and Bitcoin mining firm, saw its stock price soar by 5.63% in the 24-hour trading session on Thursday, amidst bullish analyst coverage and investor optimism surrounding the potential creation of a US strategic cryptocurrency reserve.

Analysts at Maxim initiated coverage on Rumble with a "buy" rating and a one-year price target of $20, citing the company's growth prospects in the video-sharing and cryptocurrency mining sectors. Additionally, reports that the incoming Trump administration was considering adding cryptocurrencies like XRP, Solana, and USD Coin to a proposed US cryptocurrency reserve further fueled investor confidence in Rumble, which had previously announced a $20 million Bitcoin purchase for its own cryptocurrency reserve.

The positive sentiment around Rumble's involvement in the cryptocurrency space, coupled with the bullish analyst coverage, drove the stock's impressive 5.63% surge during Thursday's trading session, making it one of the top gainers among stocks with a market capitalization above $2 billion and daily trading volume exceeding $5 million.

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Additionally, reports that the incoming Trump administration was considering adding cryptocurrencies like XRP, Solana, and USD Coin to a proposed US cryptocurrency reserve further fueled investor confidence in Rumble, which had previously announced a $20 million Bitcoin purchase for its own cryptocurrency reserve.</p>\n\n<p>The positive sentiment around Rumble's involvement in the cryptocurrency space, coupled with the bullish analyst coverage, drove the stock's impressive 5.63% surge during Thursday's trading session, making it one of the top gainers among stocks with a market capitalization above $2 billion and daily trading volume exceeding $5 million.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RUM","symbol_name":"Rumble Inc.","start_time":0,"source_url":"","article_id":"1137168428","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1137168428","pubTimestamp":1737080429,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Rumble Inc. , a video-sharing platform and Bitcoin mining firm, saw its stock price soar by 5.63% in the 24-hour trading session on Thursday, amidst bullish analyst coverage and investor optimism surrounding the potential creation of a US strategic cryptocurrency reserve.Analysts at Maxim initiated coverage on Rumble with a \"buy\" rating and a one-year price target of $20, citing the company's growth prospects in the video-sharing and cryptocurrency mining sectors. 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