Algorhythm Holdings, Inc. (NASDAQ:RIME) Major Shareholder Sells $15,686.00 in Stock

Algorhythm Holdings, Inc. (NASDAQ:RIME) major shareholder Milton C. Ault III sold 25,300 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $0.62, for a total transaction of $15,686.00. Following the completion of the transaction, the insider now owns 1,749,000 shares in the company, valued at $1,084,380. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Algorhythm Stock Performance

NASDAQ:RIME opened at $0.55 on Friday. Algorhythm Holdings, Inc. has a 12-month low of $0.35 and a 12-month high of $1.97.

Algorhythm Company Profile

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.