Milton C. Ault III Sells 21,300 Shares of Algorhythm Holdings, Inc. (NASDAQ:RIME) Stock

by · The Markets Daily

Algorhythm Holdings, Inc. (NASDAQ:RIME – Get Free Report) major shareholder Milton C. Ault III sold 21,300 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $0.55, for a total value of $11,715.00. Following the completion of the transaction, the insider now directly owns 1,589,400 shares in the company, valued at approximately $874,170. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Algorhythm Stock Down 7.4 %

NASDAQ RIME opened at $0.51 on Friday. Algorhythm Holdings, Inc. has a 12 month low of $0.35 and a 12 month high of $1.97.

About Algorhythm

(Get Free Report)

Algorhythm Holdings, Inc, together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Australia, the United Kingdom, Europe, and internationally. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; microphone and accessories, and portable Bluetooth microphones under the Party Machine brand; music entertainment singing machines for children under the brand Singing Machine Kids; connected vehicle karaoke devices; and karaoke music subscription services for the iOS and Android platforms, as well as a web-based download store and integrated streaming services for hardware.

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