Why Rumble Stock Was Soaring Today
Shares of Rumble (NASDAQ: RUM) surged today as it continued to ride a wave of support following President-elect Trump's victory last Tuesday. It was one of several stocks in the so-called "Trump trade" to gain on Monday as Tesla and cryptocurrencies like Bitcoin also popped. There wasn't any major company-specific news out on Rumble, which is essentially a conservative alternative to YouTube, but there was one item that could have spurred gains in the stock.
Rumble stock closed up 18% on the day.
Image source: Getty Images.
Source Fool.com
Tesla Inc Stock
€308.85
3.020%
Our community is currently high on Tesla Inc with 103 Buy predictions and 40 Sell predictions.
With a target price of 397 € there is a positive potential of 28.54% for Tesla Inc compared to the current price of 308.85 €.
