Retail trader demand for Rumble stock hits record after Trump picks Vance for VP nominee

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Retail trader demand for Rumble stock hits record after Trump picks Vance for VP nominee

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competitor aimed at conservatives. “Retail traders appear to be closely following US election developments with demand for RUM reaching a quarterly record after the announcement of J.D. Vance as the Vice Presidential nominee for the *********** party,” the note said. Vance’s venture capital firm Narya Capital invested in Rumble before it became public. Vance’s most recent personal financial disclosure showed an investment in Rumble of between $100,001 and $250,000. That disclosure was for 2022, and it is unclear if Vance still holds the position. Rumble went public in 2022 after merging with a special purpose acquisition company. Narya said in a 2023 filing that it planned to sell more than 3 million shares of Rumble. Shares of Rumble are up 17% this week. Trump announced Vance as his vice presidential pick on Monday. RUM 5D mountain Shares of this company linked to JD Vance are up 17% this week. Even with the increased activity, Rumble’s trading volume is still well below that of Truth Social-parent Trump Media , which has become a meme stock.

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#Retail #trader #demand #Rumble #stock #hits #record #Trump #picks #Vance #nominee

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