Algorhythm Holdings, Inc. (NASDAQ:RIME - Get Free Report) major shareholder Milton C. Ault III sold 35,600 shares of the stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $0.49, for a total transaction of $17,444.00. Following the transaction, the insider now owns 1,414,610 shares in the company, valued at $693,158.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Algorhythm Price Performance
Algorhythm stock opened at $0.48 on Wednesday. Algorhythm Holdings, Inc. has a twelve month low of $0.35 and a twelve month high of $1.97.
About Algorhythm
(
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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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