Insider Selling: Algorhythm Holdings, Inc. (NASDAQ:RIME) Major Shareholder Sells $17,444.00 in Stock

Algorhythm Holdings, Inc. (NASDAQ:RIME) major shareholder Milton C. Ault III sold 35,600 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $0.49, for a total value of $17,444.00. Following the transaction, the insider now directly owns 1,414,610 shares of the company’s stock, valued at $693,158.90. The sale was disclosed in a filing with the SEC, which is available through 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 Trading Up 3.3 %

NASDAQ RIME opened at $0.49 on Friday. Algorhythm Holdings, Inc. has a one year low of $0.35 and a one year high of $1.97.

About Algorhythm

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.