Algorhythm Holdings, Inc. (NASDAQ:RIME) Major Shareholder Sells $10,285.14 in Stock

Algorhythm Holdings, Inc. (NASDAQ:RIME) major shareholder Milton C. Ault III sold 17,733 shares of Algorhythm stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $0.58, for a total value of $10,285.14. Following the completion of the sale, the insider now owns 1,649,159 shares of the company’s stock, valued at $956,512.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Algorhythm Stock Performance

Shares of NASDAQ RIME opened at $0.55 on Friday. Algorhythm Holdings, Inc. has a 1 year low of $0.35 and a 1 year 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.