RumbleON (RMBL) Moves 11.8% Higher: Will This Strength Last?
RumbleOn(RMBL) ZACKS·2024-10-16 17:40
RumbleON, Inc. (RMBL) shares ended the last trading session 11.8% higher at $5.79. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 22.8% gain over the past four weeks. The optimism surrounding RumbleON's stock stems from a more favorable business environment, particularly as the Federal Reserve begins reducing interest rates. This shift is expected to increase consumer spending, benefiting companies like RumbleON t ...