Here’s Why Rumble Stock Is Trading Lower

Rumble Inc (NASDAQ: RUM) shares are trading lower by 6.39% to $9.53 Wednesday afternoon after Tucker Carlson said he will start a new ve

Rumble Inc (NASDAQ:RUM) shares are trading lower by 6.39% to $9.53 Wednesday afternoon after Tucker Carlson said he will start a new version of his show on Twitter.

What Happened?

Tucker Carlson took to Twitter on Tuesday, posting a video discussing the state of journalism and the importance of free speech.

In the video, he highlighted the current state of news reporting and the need for a platform that allows for more honest conversations.

“You often hear people say the news is full of lies,” Carlson began. He argued that while the information presented in news stories may be factually accurate, it often lacks context, perspective, and proportion…Read More

According to data from Benzinga Pro, RUM has a 52-week high of $17.23 and a 52-week low of $5.81.

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Why Intelligent Bio Solutions Shares Are Soaring

Intelligent Bio Solutions shares are moving on very heavy trading volume with more than 46.4 million shares already traded in the session. According to data from Benzinga Pro, the stock has a float of only 726,316 shares after the stock effected a 1-for-12 reverse split on Monday. Intelligent Bio Solutions shares have a significant amount of short interest. 45.66% of shares being sold short which, when combined with the heavy trading volume, may be contributing to the stock's large move on Friday.

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