Insider Selling: Algorhythm Holdings, Inc. (NASDAQ:RIME) Major Shareholder Sells $11,715.00 in Stock

Algorhythm Holdings, Inc. (NASDAQ:RIME) major shareholder Milton C. Ault III sold 21,300 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $0.55, for a total transaction of $11,715.00. Following the completion of the sale, the insider now directly owns 1,589,400 shares of the company’s stock, valued at $874,170. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Algorhythm Trading Down 7.4 %

Shares of NASDAQ:RIME opened at $0.51 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.